$PEPE

PEPE: meme cryptocurrency attempts recovery with lower selling pressure!

PEPE has shown resilience despite bearish market conditions, remaining above a critical support level.

Investors have been avoiding selling in large volumes, creating a scenario that may allow the meme cryptocurrency PEPE to recover from its recent price drop. This contained selling activity is providing protection against additional losses.

PEPE investors pull back on selling

Active deposits for PEPE have been steadily declining over the past few weeks and are now nearly coming to a halt.

The movement, however, is a positive sign, indicating reduced selling pressure from holders.

Additionally, lower active deposits generally correlate with a reduced intention to liquidate assets, giving the cryptocurrency more room to stabilize and recover.

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Disclaimer

Cryptocurrencies are a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You may lose all your capital.

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