$PEPE has confirmed a bearish head-and-shoulders pattern on the daily chart since November 7, with the neckline break at $0.00000550 signaling a potential 67% drop to the measured target of $0.00000185 amid a 10% price slide to $0.00000405 in the last 24 hours. RSI remains deeply oversold at 33 with sustained selling pressure confirmed by MACD's negative histogram expansion, while open interest in PEPE futures plunged 16.55% to $217.71M, reflecting reduced speculative leverage as the Fear & Greed Index hits 28 (extreme fear). Despite the downside, whale accumulation persists with 4.02 trillion tokens ($19.4M at current levels) bought since February, and exchange reserves at 2-year lows down 21%, per on-chain analytics from Glassnode โ a classic capitulation setup where smart money loads at panic lows. Broader meme sector sentiment is deteriorating with altcoin season index down 11% monthly, but Bitcoin's hold above $105K could trigger a liquidity rotation if PEPE defends $0.00000400 support.
This fear-driven breakdown is the textbook entry for contrarian plays: whales are betting on a rebound, creating asymmetric upside as retail exits โ position for the 70%+ recovery once sentiment flips.
๐ฏ PEPE Capitulation Reversal Strategy ๐ธ
Smart Entry Zone: 0.00000400 - 0.00000420
Take-Profit 1: 0.00000600
Take-Profit 2: 0.00000800
Take-Profit 3: 0.00001100
Stop Loss: 0.00000380
Buy link below ๐๐ป๐๐ป
DYOR
@a7mednasr1
๐ Reminder: Not financial advice. Cryptocurrency markets are volatileโinvest responsibly.