The current rate $PEPE has decreased by ~2.2% — analysts note that the coin is trading in a narrow range amid a general decline in sentiment towards meme coins.
🔻 Why the decline:
Overall pressure in the meme coin market: since the end of 2024, the market capitalization has decreased from $137 billion to $56 billion.
Exit of large holders (whales): over 41 trillion @Pepecoin has been sold since February — this may keep the price down.
Technical signs: the formation of a 'bearish wedge' and the breakout of key support levels, which predicts further decline.
📈 Recovery potential:
Indicators like MVRV, open interest, and the increase in long-term holders now indicate a possible accumulation zone.
The formation of a double bottom and bullish signals on the weekly timeframe, such as TD Sequential, may become a catalyst for growth.
A breakout above $0.000010–0.0000165 will open the way to new levels above — possibly up to $0.00002+.
🔄 What does this mean for traders:
📉 Short-term — caution: consolidation below $0.000008 may lead to a decline to $0.000005–$0.000006.
⏳ Medium-term — 📊 accumulation opportunities upon confirmation of buy signals: MVRV, double bottom, and TD Sequential.
✅ Long-term — key will be the control of the level $0.000010: its breakthrough may open the way to new highs.
💬 Your opinion:
Are you buying #PEPE now, fixing at the bottom?
Or are you waiting for confirmation of growth and a 'up' signal?
Discuss in the comments 👇