According to Crypto.News, Pepe Coin (PEPE) rose approximately 14% in 24 hours, driven by retail buying, while large holders and top 100 wallets showed outflows, indicating profit-taking. Derivatives data revealed whales and top traders trimming long exposure, and technical indicators pointed to hidden bearish divergence and a potential head-and-shoulders pattern. Price must hold support and break resistance with stronger volume to confirm a reversal; otherwise, a continuation of the downtrend remains likely.
Pepe Coin Price Rises 14% but Technicals Signal Bearish Setup
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