The encryption market is having a hard time getting positive movements, and memes coins are particularly suffering. As a result, the price of PEPE has been stabilized in the weak area for a long time. The buyer also shows the possibility of a 20%drop in value because the buyer could not overcome the resistance level.
PEPE’s volatility is faced with constant decline.
The frog -themed meme coin PEPE has experienced a serious decline over the past month. 30 days after reaching the maximum of $ 0.000028, the value decreased 45%.
As prices decrease sharply, traders quickly reduced investment in IT, similar to the actions of other assets in the market. According to the data from CoingLass, PEPE has witnessed a total of $ 1.6 million. Among them, the buyer closed almost $ 1.1 million.
Glassnode, a platform for whole chain analysis, said PEPE had a great deal of great interest in PEPE’s interest in open interest in the opening of MEME Coin Market’s previous highs.
There is a repetitive trend that has a lack of public interest after the high demand in the meme coin. This decline not only emphasizes the decrease in leverage, but also points out the change of attitude toward memes coins.
For example, the price of PEPE fell 45% this month, and the interest interest dropped 75% from $ 1.22 billion to $ 224 million. According to INTOTHEBLOCK’s data, the volatility of the PEPE price has decreased, falling from 132.5%to 113.4%over last week. If this volatility decreases, the PEPE can stay in the weak area, making it difficult for Mime Coin to surpass the $ 0.00001 mark.
In other words, the participation of whales for PEPE has recently seen notable growth. The number of large -scale transactions has expanded from 105 transactions to 289 transactions last week. While the price of the PEPE is strengthened, the increase in whale activities can open the potential escape path up or down.
What is PEPE Price?
MEME Coin enthusiasts are doing something more difficult to raise the price of PEPE than the moving average, suggesting that demand is lower at higher prices. Currently, PEPE PRICE is having difficulty with less than $ 0.00001 as the weakness is higher than that level. At the time of writing, PEPE Price has been traded at $ 0.00000929, up more than 0.8% over the last 24 hours.
Disadvantages are that if the price is less than $ 0.000008, the bears can be controlled, and the PEPE/USDT pairs can be sent to an important $ 0.0000059 support level. Buyers are likely to actively protect this level. Violations and the finish below can cause intense liquidation.
However, if the price is rebounded at $ 0.000008 or more than $ 0.00001 in the current location, the strength of the strength will increase. This allows you to send pairs to $ 0.0000111 and probably expand your profit to $ 0.000015.