Pepe is struggling to get support with increasing losses
- Pepe is trading at $ 0.00001276, with a loss of more than 15% during the past 24 hours.
- The daily trading volume of M -currency increased by more than 58%.
Trading day opened with a decrease in the global market value of encrypted currencies by more than 5.19%, to reach $ 3.43 trillion. Parallel to this, the market value of the meme currency has decreased to $ 101 billion, which reflects a 9.1 % decrease over the past 24 hours. Pepe, the third largest Mimi currency, incurred a loss of 15.09 %.
The long rolling wave in the market led to severe price fluctuations. The nime currency, the title of frog, formed the lowest daily level at $ 0.00001288 of the peak of 0.00001509 dollars. At the time of writing this report, the currency was Mimi commerce At 0.00001276 USD, with a market value remaining at $ 5.37 billion.
Moreover, during this time frame, the market witnessed $ 6.03 million in PEPE filtering. Consequently, the daily trading volume of M -currency reached $ 895 million.
On the contrary, several Whale They sold large quantities of Pepe to Binance. Victory transactions include 430 billion PEPE deposits of $ 6.39 million, 325.5 billion PEPE at a value of $ 4.9 million, and 140.83 billion PEPE at a value of $ 1.98 million. Moreover, 200.88 billion Pepe was sold for $ 2.85 million in USDC.
Can Pepe see a return?
The PEPE MACD is placed at the bottom of the signal line. This intersection indicates poor momentum and a sign for sale or avoid entering into purchase centers.
The CHAIKIN Money Flow (CMF) indicates at -0.15 indicates a decrease in money flow and a strong market pressure pressure. Meanwhile, the daily trading volume of M -currency increased by more than 77.81%.
The meme’s currency graph appears for four hours, a fixed, fixed correction. Thus, the previous support level may be re -tested at $ 0.00001254. If the pressure pressure intensifies, the price of the nime currency may decrease about $ 0.000012 or even less.
On the contrary, if the current momentum is dwindling, the height can rise again, and the price may test its resistance at 0.00001309 dollars. Crossing this barrier can be an incentive to height, which opens the door to a height that goes to $ 0.000014.
In addition, with a daily relative strength index (RSI) at 27.41, the market continues Feelings From Pepe in the peak area of āāsale. Moreover, the daily frame of the mem of the meat reveals a 9 -day short -term moving average for 21 days.
The evacuation of responsibility: The opinion expressed in this article is the author’s opinion only. It does not represent any investment advice. The ENEWSCRYPTO team encourages everyone to conduct their own research before investing.
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