![\"\"](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/PEPE-Whale-Transactions-Spike-257-Is-Pepe-Coin-Price-Top-in-Sight.webp\"){kind=spacer}
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Pepe Coin (PEPE) price<\/b> trades at $0.00001399 and is down by 3.19% today. This drop coincides with Bitcoin\u2019s intraday pullback, risking a $102k breakdown. With whale transactions spiking 257%, PEPE price top could be in sight. Will this sell signal lead to a 25% crash in the near term?<\/span><\/p>\n During consolidation, the downside risk to $93.1k will lead to a broader market correction, especially for highly volatile meme coins. Hence, with a weakening in the market leader, PEPE\u2019s price could witness a pullback in the weeks to come.<\/p>\n Following a strong bull run last week, a surge in Pepe whale transactions warns of a cycle top coming for PEPE. A surge in whale transactions following a rally typically signals a top formation, while a spike after a correction often translates to potential bottom. Historically, the peaks in whale transaction counts are a bellwether to a potential top formation after a bullish trend, as seen during May, November, and December of 2024. <\/span><\/p>\n Based on IntoTheBlock\u2019s<\/a> data, the transaction count of more than $1ook in value peaked at 720 on May 12, coinciding with the Pepe Coin\u2019s peak at $0.000015. Generally, the peaks are formed with transactions crossing the 800 mark, signaling profit booking by whales. <\/span><\/p>\n<\/div>\n Pepe Coin price jumped 100% from $0.0000075 to $0.000015 between May 6 and May 12. However, the meme coin fails to cross the $0.000015 psychological resistance, resulting in a sideways shift with $0.00001274 as baseline.\u00a0<\/span><\/p>\n The consolidation results in two peaks, hinting at a double top reversal with a 7.42% drop. To complete the bearish pattern, PEPE price must drop to the $0.00001274 neckline and break the short-term support trendline at $0.00001274. A four-hour candlestick close under the $0.00001274 neckline is mandatory for a decisive breakdown. In such a case, the double-bottom pattern forecasts a 25% crash to $0.00001063, calculated by adding the double top\u2019s height to the neckline.<\/span><\/p>\n The Relative Strength Index (RSI) line shows bearish divergence as it declines from the overbought zone to the halfway line during PEPE\u2019s uptrend<\/a>. Furthermore, the MACD and signal lines fall after a negative crossover, suggesting a surge in underlying bearishness.<\/span><\/p>\n If the Pepe Coin price bounces back to violate the $0.000015 ceiling, the double top pattern will be nullified. According to Fibonacci levels, the 23.60% level overlaps with $0.000015 and targets $0.00001792 as immediate resistance if the trend flips, aligning with the Pepe price prediction<\/a>.\u00a0<\/span><\/p>\n Despite the short-term pause in the PEPE price rally<\/a>, heightened optimism in futures contracts anticipates an uptrend continuation. The Open Interest (OI) at $583 million sustains a near record-high level at $583 million, signalling strong traders\u2019 interest.\u00a0<\/span><\/p>\n Additionally, as optimism reaches dangerous levels, 72% of PEPE traders on Binance hold a long position. This surges the Long\/Short ratio to 2.57, signalling a strong bullish inclination.\u00a0<\/span><\/p>\n Despite the retail optimism, the recent 720 transactions peak bolsters the double top reversal to the $0.00001063 level. Hence, the on-chain and technical signal warns of a potential long-liquidation spike as OI nears $600 million.<\/span><\/p>\n The post PEPE Whale Transactions Spike 257%, Is Pepe Coin Price Top in Sight?<\/a> appeared first on CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Pepe Coin (PEPE) price trades at $0.00001399 and is down by 3.19% today. This drop coincides with Bitcoin\u2019s intraday pullback, risking a $102k breakdown. With whale transactions spiking 257%, PEPE price top could be in sight. Will this sell signal lead to a 25% crash in the near term? Slowdown in Bitcoin Warns Market-wide Pullback\u00a0 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-392013","post","type-post","status-publish","format-standard","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/392013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=392013"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/392013\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=392013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=392013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=392013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Slowdown in Bitcoin Warns Market-wide Pullback\u00a0<\/strong><\/h2>\n
At present, Bitcoin price is up by 1.15% at $103,814 today as the struggle continues to overcome the $104k peak. The BTC price at a low-volume zone warns of a pullback to the $102k high-volume zone. If the bitcoin price crashes below the $102k, a potential sustained drop into the $102.6k-$93.1k zone is likely, where BTC could consolidate for weeks. This drop in Bitcoin could influence Pepe Coin and other altcoins.<\/div>\n\n![\"BINANCE:BTCUSDT](\"https:\/\/s3.tradingview.com\/snapshots\/w\/WjOVHa0v.png\")
<\/p>\nAre Whales Selling Off Before an Incoming Crash?<\/strong><\/h2>\n
![\"Transaction](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14-at-10.47.11\u202fAM.png\")
Pepe Coin Price Analysis Warns of Double Top Breakdown<\/strong><\/h2>\n
![\"Pepe](\"https:\/\/s3.tradingview.com\/snapshots\/u\/Uha3S2rR.png\")
Is Blind Optimism Behind 72% of Binance Traders Holding PEPE Longs?<\/strong><\/h2>\n
![\"PEPE](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14-at-10.47.59\u202fAM.png\")
![\"Binance](\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-14-at-10.48.08\u202fAM.png\")