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Enormous PEPE (PEPE) Price Loss: This Whale to Cause Volatility
A significant price drop in the PEPE market has been predicted by Brandt, which is expected to result in major volatility. The current chart reveals that PEPE is struggling to stay above the crucial psychological support level of $0.0000700, which distinguishes a partial trend reversal from a major recovery.
The RSI (Relative Strength Index) indicates bearish momentum as it trends below 50, suggesting that bears have taken control of the market. Any additional position closures could occur if the whale experiences further drawdowns, resulting in an influx of tokens flooding the market and pressuring prices even lower.
This massive wallet is now under intense scrutiny due to the whale’s loss and apparent desperation, creating a focal point for market uncertainty.
As a result, traders are advised to be cautious of impending turbulence.
Source: https://u.today/enormous-pepe-pepe-price-loss-this-whale-to-cause-volatility
