Summary
TLDR: The PEPE price is expected to decline significantly, with whales pausing their accumulation and technical indicators pointing towards a bearish trend. The SAR indicator has turned bearish, a death cross in EMA lines is looming, and a potential 40% correction is forecasted. Investors should closely monitor the situation as a sharp price drop is likely.
Key Points
1. The PEPE price is poised for a notable decline, with whales halting their accumulation last week, reflecting a drop in investor interest. The shift of the SAR indicator from bullish to bearish, alongside a forecasted possible 40% correction, further shows the bearish outlook.
2. The emergence of a death cross in the EMA lines suggests a strong downtrend could soon take hold. These technical indicators collectively signal a rough period ahead for PEPE, with a significant price drop likely, making it a critical moment for investors to watch closely.
3. Whale activity is key for gauging a crypto market’s strengths or weaknesses. Their large-scale trades impact price directions, so their buying or selling trends are crucial for price predictions. The halt in PEPE whale buying since late March signals bearish trends.