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Pepe Coin ($PEPE ) is struggling again, and the price action is starting to worry a lot of traders. The token recently slipped to around $0.000004512, which is a huge drop of about 85% from its highest point earlier this year. It’s now trading near levels last seen back in April of last year, showing just how much pressure the market has been under. The whole crypto market has been having a rough time in general. Many major meme coins like Shiba Inu and Dogecoin have also fallen hard, so PEPE isn’t the only one feeling the heat. The broader market crash has dragged almost everything down. But there is one small positive sign: whales have started buying again. According to blockchain data from Nansen, whale wallets now hold 4.44 trillion PEPE, up from 4.41 trillion in November. This means they bought roughly 30 billion tokens in just a few weeks. When whales accumulate, it often means they are expecting a future bounce. Another encouraging signal is that the amount of PEPE sitting on crypto exchanges has started to drop. There are now about 258.2 trillion tokens on exchanges, slightly lower than last month’s peak of 259.10 trillion. A falling exchange supply usually suggests people are pulling coins off exchanges and storing them elsewhere something buyers often do when they’re expecting prices to go back up. However, not everything is looking good. Smart money investors, which usually refers to experienced or well-informed traders, have actually been reducing their positions. Their holdings dropped from 184.47 trillion to 182.17 trillion, meaning they’ve been selling instead of buying. Technical Analysis On the weekly chart, $PEPE has been sliding for months. It fell from the all-time high of $0.00002832 in December to around $0.0000045 now. Even more worrying, it has dropped below an important support zone near $0.0000052. This level is important because it acted as the neckline of a head-and-shoulders pattern, which is a bearish pattern traders watch closely. The chart also shows a bearish pennant, which is a short-term pattern that often leads to more selling. Because of these signals, there’s a real chance that PEPE could break lower again. If that happens, the next target might be the year-to-date low around $0.000002797. Overall, while whales buying is a good sign, the technical picture remains weak, and the downtrend hasn’t reversed yet. Traders should stay cautious and watch for confirmation before expecting a big recovery.

RT @ICallCrypto: $PEPE just invaded @MONAD - brand-new chain, day-one meme energy. Last time Pepe hit a fresh chain… we printed millionai…

$PEPE just tapped into the intraday resistance zone and showed a clear rejection, confirming sellers stepping back in right at the supply zone............... After that failed breakout attempt, momentum has shifted bearish and the chart is now setting up for a smooth continuation downward………… This rejection wick plus immediate pullback signals a high-probability short opportunity as long as price stays below the retest zone………… Trade Setup Entry Range: 0.00000444 – 0.00000443 Target 1: 0.00000440 Target 2: 0.00000438 Target 3: 0.00000435 Stop Loss: 0.00000447

$PEPE TA Update: What PEPE Head & Shoulder Pattern Say? Head & Shoulders = Bearish 70% retracement possible ( Neck Line Support Broken ) Key Support $0.000006, Now Strong neckline support became strong resistance Below NeckLine Support = 50-70% drop to $0.00000150 Hold & reclaim $0.000006 = bullish Reversal