PEPE Coin Movement Analysis: General Trend and Technical Indicators
The chart says that the trend is clearly down, and the consecutive red candles confirm that the price has been decreasing recently. But we must be careful and watch what is coming, because there may be a chance for an upward rebound soon with the improvement of technical indicators.
Technical indicators
MACD: This indicator shows a negative crossover, which means that the bearish momentum is still continuing in the market, and selling is increasing.
RSI: The Relative Strength Index is in the oversold zone, meaning the price is close to reaching a point where an upward bounce may occur if this correction continues.
Trading volume: Trading volume increases as the price falls, which confirms that there are traders selling heavily, which reinforces the downward trend that is in effect.
Latest whale movements and news about PEPE coin
whale activity
Big Buy: On Tuesday, a huge whale bought PEPE for $1.58 million using 14.75 WBTC and 150,000 USDC. This means that the big whales don’t see the coin going down any further, which means there is an increase in confidence from large investors.
Whales' holdings increase: Whales increased their holdings by $1.14 billion in one day, bringing their total holdings to $7.56 billion. This confirms that they will not walk away from the market easily and that they are still strongly supporting the currency.
News
New listings: PEPE has entered major exchanges like Binance.US and Coinbase, which will help increase trading volume and open the market to new investors.
Price rise: The coin soared by 30% on Monday, thanks to the improvement in risk appetite in the crypto market in general, which encourages more people to enter and invest.
Future Predictions: Analysts are optimistic, and they expect that PEPE could reach $0.0000433 if it can outperform SHIB, and it could reach $0.0002 in the future if this positive movement continues.
Although the market is currently facing downward pressure, the big moves from whales and technical indicators suggest that there are great opportunities for PEPE in the near future. With positive news and listings on major exchanges, the opportunities for big profits are still there, especially if the coin continues to attract the attention of major investors. This is of course just an analysis and opinion, not financial advice 😊👻