Retail investors must watch! Will PEPE coin #pepe⚡ undergo a trend change soon? Full analysis of technical indicators and on-chain signals! 🔥
Let’s discuss PEPE coin ($PEPE) and help you better grasp the price trends of PEPE coin. I’ve been keeping an eye on the market data and technical indicators for quite a while, along with the on-chain dynamics and market sentiment. 🚗
💥 First, let’s talk about key price levels:
There are two important resistance levels to note:
The first is $0.00001350, where the 20-day and 50-day moving averages converge. If it rises to this point, it may encounter resistance. The second is $0.00001688, which is the Fibonacci 0.5 retracement level. If it can break through this, PEPE coin may experience a significant surge!
🐋 There are also two key support levels:
The current low is $0.0000118, which is a short-term support level. If it breaks below this, it may continue to decline. More importantly, $0.00000850 is a psychological level; if it falls below this, the price could slide down to $0.00000610, so everyone should keep a close eye on this level!
On-chain movements are also noteworthy:
Recently, 427 billion PEPE (valued at about $8.5 million) were transferred to the Kraken exchange, causing market sentiment to tense up, and panic selling began. There’s also a big whale holding 1 trillion PEPE (valued at about $18.4 million); if they decide to sell, the price could really crash!
However, there’s good news too: 👇👇
In the past 8 months, the balance of PEPE on exchanges has dropped from 211 trillion to 152 trillion, indicating that the chips are concentrating in the hands of large holders. The average holding cost for super large holders is $0.00001053, and they are currently up 34%, so it’s not yet time to sell, which means there’s still room for PEPE to rise!
Market sentiment is currently a bit “twisted”:
On one hand, there’s panic from selling pressure, while on the other hand, the main players are quietly accumulating. Everyone is observing to see whether the bulls (bullish) or bears (bearish) will be stronger.
⚡️ What’s the outlook for the future?
If PEPE can break through the key resistance level, it could initiate a new round of increases. But if the support level cannot hold, it could continue to fall, posing considerable risk.
🌞 How to operate today?
The current price is around $0.00001252. You can first see if it can rise to $0.00001296, and if it breaks through, then look for $0.00001330.
Fans who have been observing for a long time, what are you waiting for to jump in??
