Pepe prepares to move 120 %, as indications indicate the end of the decline star-news.press/wp

Pepe Coin, like the rest of the encryption market, witnessed that its price be hit towards its lowest level again After the explosive month of July. This Mimi currency has placed on another landline that could end up in a $ 0.00001 resistance accident. However, with the new week, there were some positive changes, and indications began to refer to a possible recovery that could send the price offer.

Baby enters the stage of monotheism

The PEPE price is dangerously turned from $ 0.00001, and even the last reversion has not been able to completely get rid of the risk of pulling the bears completely. Masteranda encryption analyst characteristics This development is the fact that the entire market is in decline, and therefore, this is not a decrease driven by only unique factors for Baby Mimi currency.

There is also the fact that the encrypted currency was well -tolerated despite the decline in the market, indicating that there is still a level of strength in the market. This appears in multiple waves of upscale and underlined trends that have been seen so far this year, with a local peak in May, then another in July.

Despite the decrease, the encryption analyst shows that Bibi is actually trading in a very strong structure. This is actually noticeably the fact that Pepe managed to stay inside the 0.00001-0.0011 dollar structure without completely destroying. Given that June witnessed a higher decline, the analyst believes that this means that it will not make a new level despite the collapse.

Another factor indicates a Possible escalating step for PEPE price It is the fact that the size has decreased significantly. Data from Coinglass He appears The volume of PEPE trading has reached its peak up to $ 5 billion in July, during the peak of the market march.

However, since then, there has been a noticeable decrease in the daily trading volume of Mimi. By the beginning of August, the trading volume has already decreased to less than 2 billion dollars, reaching about $ 1.2 billion at the time of this report. This translates into a 76 % decrease from July 12, less than a month ago.

Given that low quantities often indicate the end of the declining direction, they exist Bibi can soon arrive at the bottom before reflection. Another possible scenario set by the encryption analyst is that the price can witness a flash crash followed by a fast recovery, but both with similar results, which combines prices.

Meme Pepe is also in the direction of unification after decline. There was a side work and medium -range prices that dominated Altcoin as evidence of this unification. Since monotheism trends are historically known to end in the direction of ascending, Baby is likely to see another wave of growth once this monotheism is over.

Distinctive image from Dall.e, Chart from TradingView.com

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.