To be fair, PEPE hasn’t actually lost ground this month: it’s still up over 10% in 30 days and nearly 70% in 3 months, with its 7-day high still at 0.0000056.
Then today it plunged straight down to 0.00000447 in a single red candle, falling about 15% in a day and leading the meme sector lower.
The entire meme sector fell 3.77% in a day, with USELESS down 7.86% and BONK down 4.9%—PEPE led the whole sell-off.
24-hour trading volume hit $590 million, 30% higher than usual. $1.89 million in long positions were liquidated; over the past 24 hours, $980,000 in longs got wiped out, while short liquidations were at $0. A one-sided slaughter of longs.
$BTC is still stuck at 73,600, while $PEPE has already collapsed. 0.00000426 is the key level; if it breaks, the next stop is 0.00000386.
A: A 15% drop is a buying opportunity; the 30-day gains are still intact, so hold support and take a position for a rebound. / B: The long traders’ bodies aren’t even cold yet—get out if 0.00000426 breaks.
#PEPE #meme #Bitcoin
Then today it plunged straight down to 0.00000447 in a single red candle, falling about 15% in a day and leading the meme sector lower.
The entire meme sector fell 3.77% in a day, with USELESS down 7.86% and BONK down 4.9%—PEPE led the whole sell-off.
24-hour trading volume hit $590 million, 30% higher than usual. $1.89 million in long positions were liquidated; over the past 24 hours, $980,000 in longs got wiped out, while short liquidations were at $0. A one-sided slaughter of longs.
$BTC is still stuck at 73,600, while $PEPE has already collapsed. 0.00000426 is the key level; if it breaks, the next stop is 0.00000386.
A: A 15% drop is a buying opportunity; the 30-day gains are still intact, so hold support and take a position for a rebound. / B: The long traders’ bodies aren’t even cold yet—get out if 0.00000426 breaks.
#PEPE #meme #Bitcoin
