Setting up a buy order $PEPE
• Entry Zone: 0.000000920 – 0.000000925
• First Target: 0.000000965
• Second Target: 0.000001014
• Third Target: 0.000001052
• Stop Loss: Below 0.000000900
The volume remains healthy - if the bulls regain control, expect a strong push from buyers seeking a rapid increase in momentum.
The currency $PEPE has seen a noticeable decline in recent days, with its price dropping by nearly 30% according to the latest news. The current price is around $0.00000931, with volatile trading activity over the past 24 hours.
1. Whale Movements (Major Investors)
* 531.63 billion coins $PEPE were sold by one whale at an estimated loss of $0.46 million.
* These large movements significantly pressure the price and cause sharp volatility.
2. Currency Flows
* While coins like #ETH and #MOVE are flowing into trading platforms, it is noted that #PEPE is moving towards large wallets.
* This may indicate accumulation by large investors despite the current decline.
Market Forecast
In the short term, it seems that the price of PEPE is facing clear selling pressure, especially with the continued movements of whales. However, there are some indicators that may support a potential positive reversal:
* Individual investors' interest in low-priced meme coins is increasing with the improving market conditions.
* The flow of PEPE to large wallets instead of trading platforms may indicate some investors' confidence in the future of the currency.
* Meme coins, in general, are significantly affected by the overall market sentiment, and any improvement in the cryptocurrency market may positively reflect on PEPE.
Caution is essential when dealing with meme coins like PEPE, as they are known for their high volatility and associated risks.
The information mentioned above has been researched and summarized through personal effort and does not constitute investment advice without conducting your own research.