Pepe (Pepe), the third play of popular and global cryptographic memes, is ready for an upward rally after having experienced a price drop of 28% in recent days. After this noticeable price drop, the meme piece reached a crucial level of support of $ 0.00,000928, which has a price reversal history.
PEPE balance for price reversal
This price reversal arouses massive interest on the part of merchants and investors, as reported by the chain analysis company Rinsing. Data from the Inflow / Outwer spot revealed that exchanges have experienced a rate of 20 million significant dollars of memes pepe, indicating potential accumulation while long -term investors and holders seize the opportunity presented by the recent drop in prices.
Such outings of exchanges during a drop in the market indicate a potential buying opportunity and could lead to upwards upwards.
The merchants are the eyes on long positions
In addition to long -term holders, traders were also found in Paris on the bullish side, as Coinglass revealed.
At the time of the press, merchants occupying long posts were over $ 0.00,000,897, with $ 2.15 million in long positions. Merchants occupying short positions were over $ 0.00,000,955, with $ 1.80 million in short positions.
These data show that the bulls are currently dominating the room even and could support them in future rallies.
PEPE PRICE ACTION AND TO COMPOINT
According to an expert technical analysis, Pepper has reached a crucial level of support of 0.00000886, which has a history of notable price reversals.
Based on the recent price action and the historic momentum, there is a strong possibility that the meme part could rise by 36% to reach the level of resistance of $ 0.000013. This Haussier price action created a perfect risk / reward ratio of 1: 3 for merchants.
In addition to these upward perspectives, Pepe is currently negotiated below the exponential mobile average (EMA) on the daily time, indicating that the same part is in a downward trend.
Current price momen
Pepe is currently negotiating nearly $ 0.00,00094 and has experienced a modest price drop of 2.10% in the last 24 hours. During the same period, its negotiation volume fell by 10%, which indicates a lower participation of traders and investors compared to the day before.