We no longer know what to do
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_CryptOQueeN_
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🚨 Sharp decline of Pepe Coin and warning of deeper drop
$PEPE
Pepe Coin has experienced a collapse below an important support level, putting it at risk of a greater decline soon, according to current market analyses.
📉 Key technical points:
A Death Cross pattern has formed on the daily chart, where the 50-day moving average crossed with the 200-day moving average.
The Funding Rate has turned negative, indicating investors' expectations of a price drop in the future.
The price dropped to $0.00000981 after being at its highest level in June by 33%.
The decline is accompanied by a decrease in market demand with a drop in futures Open Interest and an increase in liquidations.
Major investors (Smart Money) have reduced their holdings by 23% over the last 30 days, while whale holdings remained stable.
⚠️ Next price target:
If selling pressure continues, the price may reach $0.0000082, which is its lowest level since July 22.
📊 Summary:
Technical analysis indicates that the price will continue to decline if the market cannot regain the main support. Traders need to monitor the next support level and the movement of the funding rate to assess buying opportunities or avoid losses.
$PEPE
Pepe Coin has experienced a collapse below an important support level, putting it at risk of a greater decline soon, according to current market analyses.
📉 Key technical points:
A Death Cross pattern has formed on the daily chart, where the 50-day moving average crossed with the 200-day moving average.
The Funding Rate has turned negative, indicating investors' expectations of a price drop in the future.
The price dropped to $0.00000981 after being at its highest level in June by 33%.
The decline is accompanied by a decrease in market demand with a drop in futures Open Interest and an increase in liquidations.
Major investors (Smart Money) have reduced their holdings by 23% over the last 30 days, while whale holdings remained stable.
⚠️ Next price target:
If selling pressure continues, the price may reach $0.0000082, which is its lowest level since July 22.
📊 Summary:
Technical analysis indicates that the price will continue to decline if the market cannot regain the main support. Traders need to monitor the next support level and the movement of the funding rate to assess buying opportunities or avoid losses.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.