$PEPE broke its key support — down 6% as whales keep selling
Pepe is $0.00000425, down 6.6% in 24 hours (range $0.00000415-$0.00000463, Binance volume $44.5M). Down 11.6% in 7 days on daily closes, 85% below its all-time high of $0.00002836 (Dec 2024). Market cap about $1.8B, rank 46.
What is happening:
- $PEPE closed down 16.0% on 11 Nov, its worst day in weeks, with no recovery since. Support $0.00000450 broke intraday, and the Oct 30 zone $0.00000431 broke too — low today $0.00000415.
- Whales are net sellers: Deep Blue Alpha (updated today) — tracked wallets sold $31.8M and bought only $1.6M on DEXes in November, net $30.2M sold. On 12 Nov, $2.62M of futures liquidated in 24h, 94% longs.
- No PEPE-specific news today. The driver is the broad selloff: BTC $67,380, spot BTC ETFs saw $643.6M outflows this week, meme sector down 25.6% in 30 days (about $22B). Fear & Greed 13 — Extreme Fear.
- Technicals (closed candles): EMA20 $0.00000473, SMA50 $0.00000446, SMA200 $0.00000355. Price below EMA20 and SMA50, RSI 39.3. Volume faded since the 10 Nov peak ($94.4M to $57.7M on 13 Nov).
What history says (base-rate, not a guarantee):
On PEPE's own daily candles, after a day that closed 4% or more down, the next 7 days hit the down 4% barrier first 53% of the time (49 of 93), up first 43%, flat 4%. After a stricter 8% down day, down first 52% (21 of 40). Both point the same way: more downside first is likelier. Only 41% were higher 7 days later. Today's candle is forming near -4% vs yesterday's close, and price is sitting right on the down barrier ($0.00000423) — a daily close below it confirms the down-first path.
Trade plan (spot only, tiny size, no leverage):
- Do not chase a bounce and do not catch the knife here.
- Dip-long only in $0.00000400-$0.00000415, stop on a daily close below $0.00000400. Targets $0.00000459 then $0.00000473.
- Breakout-long only on a daily close above $0.00000459. Below $0.00000400, next stops are $0.00000388 then $0.00000364.
- Confidence: Low — a falling knife in Extreme Fear, size it like one.
#PEPE #Memecoins #Crypto
Pepe is $0.00000425, down 6.6% in 24 hours (range $0.00000415-$0.00000463, Binance volume $44.5M). Down 11.6% in 7 days on daily closes, 85% below its all-time high of $0.00002836 (Dec 2024). Market cap about $1.8B, rank 46.
What is happening:
- $PEPE closed down 16.0% on 11 Nov, its worst day in weeks, with no recovery since. Support $0.00000450 broke intraday, and the Oct 30 zone $0.00000431 broke too — low today $0.00000415.
- Whales are net sellers: Deep Blue Alpha (updated today) — tracked wallets sold $31.8M and bought only $1.6M on DEXes in November, net $30.2M sold. On 12 Nov, $2.62M of futures liquidated in 24h, 94% longs.
- No PEPE-specific news today. The driver is the broad selloff: BTC $67,380, spot BTC ETFs saw $643.6M outflows this week, meme sector down 25.6% in 30 days (about $22B). Fear & Greed 13 — Extreme Fear.
- Technicals (closed candles): EMA20 $0.00000473, SMA50 $0.00000446, SMA200 $0.00000355. Price below EMA20 and SMA50, RSI 39.3. Volume faded since the 10 Nov peak ($94.4M to $57.7M on 13 Nov).
What history says (base-rate, not a guarantee):
On PEPE's own daily candles, after a day that closed 4% or more down, the next 7 days hit the down 4% barrier first 53% of the time (49 of 93), up first 43%, flat 4%. After a stricter 8% down day, down first 52% (21 of 40). Both point the same way: more downside first is likelier. Only 41% were higher 7 days later. Today's candle is forming near -4% vs yesterday's close, and price is sitting right on the down barrier ($0.00000423) — a daily close below it confirms the down-first path.
Trade plan (spot only, tiny size, no leverage):
- Do not chase a bounce and do not catch the knife here.
- Dip-long only in $0.00000400-$0.00000415, stop on a daily close below $0.00000400. Targets $0.00000459 then $0.00000473.
- Breakout-long only on a daily close above $0.00000459. Below $0.00000400, next stops are $0.00000388 then $0.00000364.
- Confidence: Low — a falling knife in Extreme Fear, size it like one.
#PEPE #Memecoins #Crypto