The price of PEPE ( plummets when whales stop Accumulation.

The price of PEPE ( is once again at a critical technical crossroads, amid the market having just undergone a massive liquidation and increasing bearish pressure.

After breaking through the key support level around $0.00001180, the upward momentum of PEPE seems to have run out of steam, while the activity of the "whales" has also become faint – signaling a clear weakening of demand.

If the bulls do not soon reclaim this price range, the next support level at $0.00000970 could very well become a trigger point for a new deep fall.

PEPE price breaks through the support level of $0.00001180

In today's trading session, the price of PEPE continues its bearish trend as it approaches the short-term support area at $0.00001060, before sliding deeper to the level of $0.00001020 – corresponding to a decline of more than 4% in just 24 hours.

Previously, this token had plummeted by 8.43% in yesterday's session. According to the technical chart shared by expert Ali Martinez, the $0.00001180 level once served as a key support during the recovery in mid-July. However, if PEPE cannot quickly reclaim this level, it will flip to resistance – clearly confirming that the bearish trend is prevailing. And in fact, that seems to be happening.

The current price structure indicates a stable bearish trend, as the peaks have been continuously pushed lower since the rejection at the supply zone of $0.00001410–$0.00001500. Attempts to retest the previously broken support levels at $0.00001290 and $0.00001170 have all been unsuccessful, further reinforcing the negative signal.

![pepe-fall])https://img-cdn.gateio.im/webp-social/moments-9a88380bf83caa0ee321c6b9f7b57d94.webp(PEPE Price Chart | Source: Ali MartinezIf the bulls cannot make a decisive breakthrough back above the $0.00001180 level, it is highly likely that the price will continue to adjust deeper, reaching the levels of $0.00001080, $0.00001050, and further down to $0.00000970 – which is considered the next important support zone. This is also where traders expect buying pressure to return to regain control of the trend. However, at this moment, PEPE is still technically weak.

Whales liquidated over 1 million USD as investment portfolio plummets

Meanwhile, the wallet 0x432d ) monitored by Lookonchain( has suffered a severe liquidation shock, nearly "evaporating" all the amount of PEPE being held.

This investor has made a large bet with a Long position using a leverage of 12.22 times, valued at $181,509. However, the account value now stands at only $14,850 – a significant drop.

The order was opened at the price of $0.00001289 but is currently underwater as the price plummets to $0.00001080. The unrealized loss has reached $36.417, equivalent to -200.64% ROE, and this position is approaching the liquidation level at $0.00001040.

![])https://img-cdn.gateio.im/webp-social/pepe-giam2.webp(Pepe whale transactions | Source: LookonchainNot only that, the assets in the account are continuously eroded by a funding rate fee exceeding 5.9%.

It is noteworthy that this trader opened a full Long position on PEPE without implementing any risk management measures – making the portfolio extremely vulnerable to negative market fluctuations.

The liquidation record shows a series of forced closure orders as the price repeatedly breaks through key support levels – creating a widespread domino effect.

Such scenarios often reflect a breakdown in market structure and an increasing level of panic among highly leveraged investors.

With the account currently only having a mere $14,850 left, the damage this time is a clear testament to the severity of the current fall.

On-chain data shows that large holders are withdrawing

Investors holding PEPE are gradually withdrawing from the accumulation trend. According to data from the What Are Holders Doing dashboard, the token balance on exchange wallets has increased by 2.41%, equivalent to about 250.62 trillion PEPE – a clear sign that selling pressure is increasing.

Although it once strongly recovered above the $0.0000140 mark in mid-July, PEPE has since plummeted uncontrollably, continuously losing value without being able to find a strong enough buying force to establish a solid support.

![])https://img-cdn.gateio.im/webp-social/moments-81bfd36270fe5970cfa423bd6ad5306e.webp(Holder Pepe Activity | Source: Nansen DataThe total balance of tokens in monitored wallets remains stable around 305.52 trillion; however, the continuous flow of funds into the exchange indicates that the confidence from large holders is showing signs of wavering.

The distribution index is currently at 20 - a balanced state, not leaning entirely towards accumulation or distribution. However, if the trend of transferring tokens to the exchange continues, the price of PEPE may continue to face additional bearish pressure in the short term.

Notably, there are currently no major wallets indicating a "bottom fishing" move, showing that a defensive sentiment still dominates the market.

Contrarian sentiment when the triangle pattern gives a recovery signal

Although the current market structure still leans towards a bearish trend, some analysts maintain an optimistic view on the recovery potential of PEPE. According to insights from Token Talk, the daily chart is showing the formation of a symmetrical triangle pattern – a signal that often suggests a strong breakout potential in the future.

Currently, PEPE is testing an important bottom area of this model, ranging from $0.00001108 to $0.00001115. If it can maintain this support level, the token may bounce back, aiming for the next target area around $0.0000130 to $0.0000145.

![])https://img-cdn.gateio.im/webp-social/moments-845b2960946760d8f417dfac41ca6c2f.webp(PEPE Price Analysis | Source: Token Talk, XThe price movement indicates that PEPE may be in the final accumulation phase before entering a significant price fluctuation. A breakout above the resistance line of the triangle will be a signal to trigger a return to bullish momentum. However, this positive scenario is being challenged as the price has just fallen to $0.00001020 – a level lower than the previous key support.

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