$PEPE After setting a new low at 23:00, the price rebounded to 0.0000050438 but failed to break through. At 02:00, about 3.07 million U brought it back near the previous low. Long positions still account for about 71%, so it’s best not to rush into buying the dip.
At 22:45, about 5.68 million U over five minutes drove the price down to 0.000004912. At 23:15, about 2.46 million U pushed it to a new daily low of 0.0000049018. At 23:35, about 5.87 million U lifted it to 0.0000050438, but it couldn’t hold there. At 01:15, it tested 0.000005011 again but couldn’t break through. At 02:00, about 3.07 million U over five minutes brought it back down to 0.000004910. It’s currently around 0.00000494. Over 24 hours, it’s down about 6.6%, with trading volume of about 479 million U.
Long positions across accounts are still around 71%, while large traders’ positions are about 64%. Open interest in contracts was about 21.3 billion at 20:00 and is now about 22.2 billion; positions have increased again while the price is near its lows. The funding rate settled at -0.017% at 00:00, with a forecast of about -0.013%, so shorts are only paying a little each eight-hour period. After just retesting the previous low, with longs still this crowded, there’s no need to rush into buying the dip. Look for a high-volume recovery and a move above 0.0000050438 to confirm a bottom. If high volume pushes it below 0.0000049018 again and contract count continues rising, support will have failed.
#PEPE反抽没过 #Position added back near the low
At 22:45, about 5.68 million U over five minutes drove the price down to 0.000004912. At 23:15, about 2.46 million U pushed it to a new daily low of 0.0000049018. At 23:35, about 5.87 million U lifted it to 0.0000050438, but it couldn’t hold there. At 01:15, it tested 0.000005011 again but couldn’t break through. At 02:00, about 3.07 million U over five minutes brought it back down to 0.000004910. It’s currently around 0.00000494. Over 24 hours, it’s down about 6.6%, with trading volume of about 479 million U.
Long positions across accounts are still around 71%, while large traders’ positions are about 64%. Open interest in contracts was about 21.3 billion at 20:00 and is now about 22.2 billion; positions have increased again while the price is near its lows. The funding rate settled at -0.017% at 00:00, with a forecast of about -0.013%, so shorts are only paying a little each eight-hour period. After just retesting the previous low, with longs still this crowded, there’s no need to rush into buying the dip. Look for a high-volume recovery and a move above 0.0000050438 to confirm a bottom. If high volume pushes it below 0.0000049018 again and contract count continues rising, support will have failed.
#PEPE反抽没过 #Position added back near the low
