$PEPE: Revive or Decline? Detailed Analysis and My Perspective

After reaching its peak, $PEPE has fallen more than 65%, causing many analysts to warn that the bearish momentum is still present and the token could slide further. On-chain data shows that the number of active wallets has decreased by nearly 90%, while trading volume has plummeted sharply—this is a clear sign that interest from retail investors is waning. FXEmpire even warns that if the sellers continue to dominate, $PEPE could drop another 15%. However, there are still bright spots. Brave New Coin believes that there is strong support just below 0.00001 USD, while IntoTheBlock records billions of tokens being held at a profitable level, creating a "buffer" for the price. CCN's analysts have also discovered a falling wedge breakout pattern, which has the potential to trigger a 50% rally if liquidity returns. Another important factor is the whales. Some are dumping millions of tokens onto the exchange, while others are quietly accumulating, leading to an inflow increase of over 600% in the past month. This polarized behavior causes $PEPE to fluctuate sharply, but at the same time, it also protects the existence of the token. My perspective: $PEPE is not disappearing in the short term. Its existence is bolstered by whales, a strong community, and deep support levels. However, without a new hype or narrative boost, the token is unlikely to return to its previous highs and is more likely to fluctuate between spikes and deep falls until a new wave emerges. In summary: $PEPE is still alive, but its path will be tumultuous and full of volatility, suitable for patient retail investors who closely monitor the market and are ready to respond to sharp fluctuations.