PEPE Price Prediction: Whale dumping triggers panic selling, potentially falling further to $0.00000850.

PEPE has fallen by 9% in the past 7 days, underperforming most other meme coins during the recent pullback — which raises questions about the current price predictions for Pepe. Is this a sign of deeper weakness and a bearish mid-term outlook, or just a healthy correction before the next round of pumps? Data from CoinDesk Research shows that whales have recently been dumping PEPE, although not all of these sell-offs are voluntary, suggesting liquidations or forced exits rather than a general loss of confidence.

Whale dumping triggers panic sell-off: The case of trader James Wynn

The famous PEPE trader James Wynn once made a fortune by buying this meme coin, which was still an unknown token to the rest of the world at the time, but recently he liquidated his long positions. A total of $207 million in long positions was affected by the latest fall of PEPE, causing Wynn to lose about $180,000 in a relatively short period.

This trader, known for his high-risk strategies, has experienced both massive profits and painful losses. Although his methods once brought life-changing returns, the situation has now reversed—this May, he was forced to sell a Bitcoin position worth $1 billion, reportedly incurring a loss of about $60 million.

The open contracts for PEPE have also been hit. After reaching a peak of 1 billion USD on July 22, the figure subsequently fell sharply, indicating that many traders (possibly similar to Wynn) suffered heavy losses during the 21.4% drop of PEPE from 0.000014 USD to 0.000011 USD. This wave of forced exits raises a critical question: Is the surrender of Whales an early warning sign of a deeper adjustment in the future? With the price trend breaking through key levels, does the current structure support a medium-term bearish forecast for the price of PEPE?

PEPE Price Prediction: May Further Fall to 0.00000850 USD

The daily chart of PEPE shows that the price started to pull back after reaching the key level of $0.00001450 and has fallen below the 200-day exponential moving average in the past few days. Now, the 9-day and 21-day exponential moving averages (EMA) have formed a "death cross," falling below their long-term averages. This favors bearish price predictions for PEPE and may signal the beginning of a significant downtrend.

The key support level to watch currently is the 0.00001050 dollar region. If PEPE falls below this level, it could potentially rise further to higher regions—possibly around 0.00000850 dollars. However, due to market sentiment and momentum still favoring a bullish outlook, shorting PEPE at this time carries risks, as it means going against the trend. A short position can be taken if a breakthrough at 0.00001050 dollars is confirmed.

Conclusion:

The fall in PEPE's price, combined with the Whale's selling behavior, has raised concerns in the market about its future trend. Technical indicators suggest that PEPE may face further pullback risk, especially if it fails to hold key support levels. Investors should closely monitor market dynamics and carefully assess the risks.