Market Interpretation: The current MACD line is above the signal line, but the MACD histogram is shrinking.
This may mean that the market is still in an uptrend, but the momentum is weakening, and now may be the time to consider an appropriate selling opportunity.
The current PEPE token price is between the middle and upper bands of the Bollinger Bands, indicating relatively strong recent performance.
The middle band may act as support, while the upper band may be a short-term target. In the past 7 days, 14 smart money addresses have purchased 9,201,711,036.87 PEPE tokens, each worth $0.0000082.
Although some whales choose to take profits, the relatively low selling ratio indicates that smart money addresses may still be optimistic about the token and choose to continue holding.
Perhaps to avoid repeating the 519 crash, venture capital firms have reduced their total holdings of PEPE tokens. The VCs that have reduced their holdings the most include Wintermute trading, which reduced its holdings by 20%, and Akuna Capital, which reduced its holdings by 90%.
The figure shows the holding costs of smart money, whales, and VCs in the past 30 days, which can be used as a reference for entry positions.
