Pepe Price crashed 65% compared to its top of all time and risks making more inconvenience as intelligent silver investors flee and that a death cross is approaching.
Pepe (Pepper) fell below the level of key support at $ 0.000011 and has hovered near its lowest level since November 7 of last year.
Nansen’s data show that the number of intelligent silver investors holding Pepe fell to 68, down from last year’s summit from 91. Likewise, the number of tokens that these investors hold increased from 12 , 32 Billions in February from last year to $ 9.52 billion.
Pepe’s performance aligns with that of other Ethereum (Ethn) Corners of memes like shiba inu (Salogner), Floki (Floki), and Dogelon Mars. These tokens have plunged while investors focus on Solana’s corners of memes Like Fartcoin, official Trump and Dogwifhat.
The current pepe accident has also led to a sharp drop in open interest in the long term, a sign of decreasing demand. Open interest fell to $ 282 million on Tuesday, down from the summit at the start of the year of $ 556 million.
The price of the PEPE room is about to form a cross of death
Worse, the techniques suggest that the price of the PEPE piece is about to form a death cross model such as the spread of weighted mobile narrowing of 50 days and 200 days. A cross of death is one of the most lower models on the market, because it shows that an asset does not find any offers.
Pepe also moved under the lower side of the descending channel, another risky sign. In addition, the average directional index has increased to 27, indicating that the downward trend is strong. The relative force index also approaches the level of occurrence.
Therefore, the part will probably continue to drop, with the next reference point to look at $ 0.00,00059, its lowest level in August from last year. Such a decision would indicate an accident of 45% below the current level.
On the positive side, Pepe forms a falling corner model, pointing to a rebound in the future. The corner pattern will remain intact as long as it is inside the two lines of descending trends.