PEPE dips 30%, whale dumps 531B tokens – Can retail turn the tide?

• The whale unloaded $ 531.63 billion at a loss of $ 0.46 million. Is confidence shaken among large holders?
• If PEPE soon cannot get $ 0.0000100 back, the price can slip towards the support of almost $ 0.0000085.

Since two weeks ago a local maximum of $ 0.0000135 intervened, Pep [PEPE] Over the course of the month, it turned sharply by almost 30%.

MEMECOIN fell into a descending channel and recently jumped from a local low low $ 0.00000829.

This slide caused different reactions across the album, from large holders cutting positions to a small scale buyer.

Whale PEPE is lost with a loss

In the middle of a fall in prices, the pepe whales leave their positions as reported City Dannn.

The whale reportedly imposed in Binance 531.63 billion PEPE worth $ 5.06 million and an interesting part is – – – – interesting part is – These memecines were received for $ 5.52 million last week.

This means that the whale was locked in a realized loss of $ 0.46 million.

When the whales decide to sell with a loss, it means loss of trust in the market and fear of loss.

But wait! CEX flows show that another crowd will enter

While the whales interpreted their Pepe Holdings, other market participants seem to approach a different approach.

The exchange data shows more selections than deposits, while the balance of the stock exchange drops to -3.43 billion PEPE.

This negative flow suggests that the buyer on centralized exchanges (CEX) surpasses the seller, usually a sign of accumulation.

In addition, they add coinialysis data to reveal that the spot buyers set out 2.95 trillion PEPe with a clean delta +139 billion tokens – a strong signal of retail interest.

In short, while the whales appear, smaller investors seem to buy dip.

A different sentiment pointing to the chart?

As expected, the growing sales activity negatively affected the PEPE price action.

In fact, at the time of writing, PEPE dropped by 6.12% in 24 hours and traded for $ 0.000009407.

This bear outlook also extends to weekly and monthly charts and decreased by 7.78% and 31.22%. With losses recorded across graphs, it signals strong momentum down.

The momentum indicators also painted a grim image.

According to Tradingview, Pepe’s relative index of force (RSI) was immersed at 40 of the 43 of the previous day, at the time of printing, remaining under the neutral mark 50, which signals momentum.

In addition, Chaikin (CMF) was to -0.10 and pointed out the continuing outflows of capital.

If PEPE further drops, it could find support of nearly $ 0.0000085. However, consistent purchase of retail traders can help reverse this trend.

Strong daily closure over $ 0.0000100 could move sentiment on the market and prepare the soil for potential recovery.