Pepe price prediction suggested that the memecoin could front a price recovery despite whale profit taking.
revealed that a whale has partially sold 130B of his PEPE holdings to open other altcoin positions in the past three days.
Short sellers could still benefit if the price hit the lower channel or 50% Fib level. However, the furthest the drop could go was the golden ratio at 61.8% Fib level . In March, the PEPE supply on CEXes hit nearly 230T. As of this writing, the supply overhang has dipped to 171T. This could offer PEPE enough room to recover.
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