Pepe Coin’s recent surge has raised questions about whether its rally is waning. While retail traders remain bullish, several technical indicators suggest a potential reversal. Key insights include: 1) Whale transactions peaked on May 12, coinciding with Pepe Coin’s all-time high, and a notable spike in activity may indicate profit-taking by large holders. 2) A double top pattern suggests a potential price drop of up to 25% if support at $0.00001274 is broken. 3) High open interest among traders, coupled with the bullish bias, poses a risk of significant liquidations in case prices reverse sharply. 4) Technical charts also show signs of bearish divergence and potential head-and-shoulders pattern formation, reinforcing concerns about a possible correction.