$PEPE

Did suspicious activity by whales cause the price of PEPE to drop by 4% with a trading volume of 700 million dollars?
The PEPE coin may experience immense pressure today, but it is at least going through a phase of excessive selling that usually paves the way for an imminent rebound; for example, the Relative Strength Index (RSI, in purple) has fallen to 40 today, which may facilitate its stabilization at higher mid-levels soon.
In a similar indication, the 30-day moving average (DMA-30, in orange) continues to move below its 200-day counterpart (DMA-200, in blue) for more than two weeks, signaling that the PEPE coin has recently undergone a wave of excessive selling and that its value has fallen below what was previously considered a "fair price," which is generally seen as a positive sign; however, large holders of the currency have recently shown a tendency to sell more than to buy, according to recent transfer data.
Therefore, we can expect the price of PEPE to continue to struggle in the coming days while waiting for an improvement in the overall market conditions before it rebounds, especially since the recent weeks have been accompanied by concerns related to the US economy that negatively impacted investor confidence. As we approach September, experts anticipate that the US Federal Reserve will lower interest rates for the first time in years.