PEPE The latest trend is interesting — on the surface, it continues to decline, but beneath the water, there is a lot of recurring activity.

**Price Situation**

Currently, PEPE remains below the 7-week, 25-week, and 99-week moving averages, and it seems that the short-term, medium-term, and long-term are all somewhat hanging. But there is a noteworthy detail: the 6-period Relative Strength Index (RSI) has already dropped to 33.55, and the price is very close to the lower band of the Bollinger lines, indicating a strong oversold signal. Under these harsh conditions, there is often a likelihood of a rebound.

**Small Whale Movements**

During this period, trading activity has surged sharply, with exchange volumes exceeding $100,000 increasing by 620% this week. It appears that institutional investor interest still exists. But at the same time, we should note that some whales are liquidating their positions at a loss — for example, a certain wallet dumped 1290 billion PEPE, and this selling pressure is already intensifying.

However, what’s interesting is that some analyses suggest someone is quietly accumulating during this decline, and it seems that some smart money is pulling tokens at low prices. This indicates that the battle between bulls and bears is very intense.

**Areas to Watch**

You need to pay attention to PEPE’s liquidity structure — the top 100 addresses hold 77.21% of the tokens, and this level of concentration means that any whale movement can move the entire market. Once coordinated trading activity occurs, volatility could be very sharp.

Overall, the current period is chaotic, with downward pressure and technical signals of a potential rebound, and the key is to see how whales will move afterward.