PEPE and PENGU: How far are they from their 24-hour average?
Basis: Binance spot USDT, 10:19 Beijing time. Deviation of the latest price from the rolling 24-hour volume-weighted average price.
Result: PEPE −0.78%, PENGU −0.20%. Both are below their average. PEPE is farther away, but don’t read that as meaning it’s stronger.
To be precise: Deviation only tells you which side of the past 24-hour average trading price the current price is on. Being above doesn’t mean strong; being below doesn’t mean cheap—and it’s definitely not a buy or sell signal. These two samples also don’t represent the entire Meme sector.
Next time, check only whether both are still below their average.
$PEPE $PENGU
Basis: Binance spot USDT, 10:19 Beijing time. Deviation of the latest price from the rolling 24-hour volume-weighted average price.
Result: PEPE −0.78%, PENGU −0.20%. Both are below their average. PEPE is farther away, but don’t read that as meaning it’s stronger.
To be precise: Deviation only tells you which side of the past 24-hour average trading price the current price is on. Being above doesn’t mean strong; being below doesn’t mean cheap—and it’s definitely not a buy or sell signal. These two samples also don’t represent the entire Meme sector.
Next time, check only whether both are still below their average.
$PEPE $PENGU
