Pepe

Pepe Coin

<p>A whale recently increased its staking position by moving 254.65 billion Pepe coin (roughly $5.15 million) to Binance. The profit from this deposit was $4.81 million in 13 hours.</p>
<p>This suggests that this could be part of bigger preparations for a correction in the broader market following a major rally in the value of the coin.</p>
<p>Together the holdings are about 430 billion PEPE, worth $8.13 million with a wild unrealized profit of $7.74 million. This in turn represents a 13x return.</p>
<p><a href="https://www.thecoinrepublic.com/price-prediction/bitcoin/" rel="noopener noreferrer nofollow">Price directions</a> heavily depend on the efforts of the large holes in the volatile meme coin market, and this level of profit-taking is not new in these markets.</p>
<p>If the whale moves a huge percentage of Pepe to an exchange, perhaps it will sell the coin after an incredible 100% price rise over the past month.</p>
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<h2 class="wp-block-heading" id="h-technical-analysis-of-pepe-coin"><strong>Technical Analysis of Pepe Coin</strong></h2>
<p>On the other hand, the chart represents the volatility of the price for PEPE/USDT. The price bars represent buying pressure indicators in the form of green candles and selling pressure as red candles.</p>
<p>The coin’s price is currently located below 50-SMA which suggests the short-term bearish picture. It is also established below the 100-SMA which implies a bearish signal.</p>
<p>It quite continues in the near and medium term. Further, the pepe coin price has been below the 200-SMA for the period shown in the chart to support an extended bearish outlook.</p>
<p>The first is around the 0.00001990 mark which sees high volatility and rejection by price-makers several times. There is a support level around 0.00001850, at which the price rebounds after a downtrend behavior.</p>
<h2 class="wp-block-heading" id="h-adx-notes-bearish-outlook"><strong>ADX Notes Bearish Outlook</strong></h2>
<p>On the other hand, an ADX (Average Directional Index) chart is plotted at the downside of the chart. At present its value is 30.22 which is marked as a red line on the chart.</p>
<p>ADX values above 25 mean a strong trend. In this case, a descending trend is bearish, which is supported by ADX.</p>
<p>The general outlook is projected as bearish. The price magnitude was observed to be persistently below all the moving averages and a high ADX.</p>
<p>Several attempts to break through the resistance level but no breakthrough indicates that the bearish force of Pepe coin is strong.</p>
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 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="502" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791-1024x502.png" alt="" class="wp-image-855289" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791-1024x502.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791-300x147.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791-768x377.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791-1536x753.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791-150x74.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791-696x341.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791-1068x524.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791-1920x941.png 1920w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-791.png 2048w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   1-hour PEPE/USDT Chart: Source: TradingView
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<p>A breakdown of the resistance level of 0.00001990 would suggest a reversal while the price continuing below the support level of 0.00001850 would lead to further declines.</p>
<p>In the end, the whale’s portfolio goes beyond meme coins. Currently, the investor’s assets are 3.96 million <a href="https://www.thecoinrepublic.com/price-prediction/dogecoin/" rel="noopener noreferrer nofollow">$DOGE</a> (realized profit of $1.5 million (15x), 2.5 million $LDO that generates a (realized) loss of $432K (9.5%).</p>
<p>The only thing that stood out was the investor mentioning $LDO as “the strongest <a href="https://www.thecoinrepublic.com/price-prediction/ethereum/" rel="noopener noreferrer nofollow">ETH</a> beta thus far,” which shows that the investor is approaching high-risk and potentially high-return meme coin investments as well as other altcoins within meme coins. This introduces different risk-return parameters.</p>
<h2 class="wp-block-heading" id="h-is-now-the-time-to-sell"><strong>Is Now the Time to Sell?</strong></h2>
<p>The actions also reveal another important aspect concerning crypto investment, which is managing and assessing risk on portfolios.</p>
<p>The whale spreads investments across multiple asset types, taking advantage of market movement across segments to soften losses, and ride gains in a highly unpredictable market.</p>
<p>For retail investors observing whale movements such as these, the big question remains: is it time to sell Pepe coin? A sell-off by the biggest holder could bring price adjustments as such a big price rally is in question.</p>
<p>But selling it should not be a decision taken lightly. A truly useful decision-making tool should rely on a complete analysis of market trends, personal investment goals, and of all things risk tolerance levels.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/28/whales-dumping-pepe-coin-as-prices-correct-time-to-sell/" rel="noopener noreferrer nofollow">Whales Dumping Pepe Coin As Prices Correct, Time To Sell?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Whales Dumping Pepe Coin As Prices Correct, Time To Sell?

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