PEPE Surges 8.66% Despite Whale Sell-Off, Bearish Signals Persist

Pepe's latest price was $0.00001037, up 8.66% in the last 24 hours. The meme coin has been experiencing a challenging period in the crypto market. The coin has seen a significant drop in value, attributed to a large whale unloading 2.2 trillion tokens, which is approximately 0.5% of the total circulating supply. This massive sell-off has triggered panic among traders, especially in a market with thin liquidity, amplifying the downward pressure on PEPE.

The technical indicators for PEPE are also showing bearish signals. The MACD histogram has turned negative, and the RSI is approaching oversold levels. These indicators suggest that traders are cautious and that capital is rotating into stronger projects. PEPE, which was a meme leader in 2024, is now struggling to prove its staying power beyond the initial hype. The market sentiment around high-risk tokens remains fragile, and PEPE is caught in this shift. Bitcoin dominance is rising, and altcoins, including PEPE, are losing steam. The focus is now on projects with real use cases and active user engagement, rather than just internet fame.

PEPE is currently trading inside a bullish flag pattern, which is a setup that often precedes a price move. The current trend is steady, with the price hovering around a specific level. If the price breaks out above the top of the flag, it could rally up to 125% and aim for a higher target. However, the signals are not all in agreement. The RSI is near oversold, and the DMI is showing some early strength, but the MACD is still bearish. Volume has dropped during this phase, which is normal for this kind of pattern. A real breakout would require fresh buying pressure. Compared to last year’s meme coin surge, 2025 has been slower. Even so, PEPE’s chart keeps hope alive. If the breakout happens, it may bring back attention. Until then, people may look to projects with user activity or practical use, waiting for a clearer shift in the PEPE price trend.