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As exchange supply declines, can PEPE prices hit new highs?

The supply of PEPE on exchanges has dropped significantly in just one day, which may indicate that holders are holding PEPE in anticipation of another price increase. Although the EMA lines are not strongly bullish, they are forming a good consolidation pattern, and subsequently the price May surge.

The supply of PEPE on exchanges has dropped significantly in just one day, indicating that holders are expecting a rise in value as the increase in average coin age indicates a lack of selling pressure and an accumulation phase.

Although the EMA lines do not indicate a strong bullish trend, they indicate potential consolidation, setting the stage for a possible price surge. Despite being up 442.77% this year, PEPE price has struggled to surpass and remain above the $0.0000080 threshold. Exchange PEPE supply triggers important signal

Between March 25 and March 26, the PEPE supply on the exchange decreased significantly, from 180.7 trillion to 178.7 trillion. A significant reduction in tradable supply could have a significant impact on the price of PEPE, primarily due to the principles of supply and demand. When the supply of PEPE on the exchange decreases, but demand remains the same or increases, it will naturally lead to upward pressure on prices.

Historically, there is precedent for this happening, with similar supply reductions immediately followed by significant price spikes – from $0.000008 to $0.0000106 in a single day. This pattern suggests that the recent decline in exchange supply may be a precursor to another significant increase in PEPE prices, as reduced supply on trading platforms could prompt buying interest and price spikes.

PEPE’s average coin age indicates accumulation, and PEPE’s average coin age has been on a consistent upward trajectory since early March. Average coin age measures the average age of all coins in the network, calculated from the time they were last moved.

This indicator serves as an indicator of investor behavior. The increase in the average age of coins shows that holders are increasingly choosing to hold on to their coins rather than sell them, suggesting a period of accumulation. This trend is often viewed as a bullish sign for cryptocurrencies as it signals strong holding sentiment from investors and a potential decrease in selling pressure, which could lead to higher prices.

The average coin age has shown stability over the past three days, suggesting that PEPE may be entering a consolidation phase. Consolidative periods often precede major market moves because they reflect the balance between supply and demand before a new trend emerges.

Therefore, the stability of the average coin age may be an early indicator that PEPE is preparing for the next stage of price surge, as the market consolidates and prepares for future volatility.

PEPE Price Prediction: Can It Break Above $0.000011?

On March 14, PEPE reached its all-time high, with the price reaching $0.0000106. Since reaching this peak, it has faced challenges in maintaining its value above the $0.0000080 mark, showing signs of struggle in the market.

Currently, three of PEPE’s four exponential moving averages (EMAs) are converging and closely related to the current price trajectory. This convergence, especially with the short-term moving average above the long-term moving average, sends a bullish signal to investors. This consistency suggests that PEPE prices may be stabilizing and may enter a consolidation phase as market participants assess where to go next.

The Exponential Moving Average (EMA) focuses more on recent data and therefore reacts more quickly than the Simple Moving Average (SMA). They give more weight to the latest prices and less weight to older data.

The increase in exchange supply and the average coin age of PEPE indicate that holders want to retain their assets. They are expected to rise, setting the stage for potential price increases for PEPE. If PEPE breaks above the $0.0000085 level, it could reach $0.000011 for the first time. However, if there is a break below the $0.0000070 support, the price could drop to $0.0000049. #BTC #ETH（二饼） #pepepro #PDA #DOGE

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The next explosion of Pepe coin is coming.

Recently, Pepe currency has shown strong upward momentum, and the increase in open interest indicates the continuation of bullish sentiment in the market. Specifically:

Short term surge:
In the past seven days, the PEPE coin has increased by 12.6%, including a 10% increase in 24 hours, and is currently trading close to $0.00001189. This surge may be related to the upcoming launch of Ethereum ETF trading.

Key support levels are solid:
After a month of adjustment, PEPE currency is currently stable near the upper trend line of the ascending triangle.

The consolidation over the past 11 days has further consolidated support at $0.0000105, providing a solid foundation for future rebounds.

The long-term outlook is positive:
Technical analysis shows that the price pullback has formed a descending wedge, indicating that PEPE has 96% upside potential and may break out to a new all-time high of $0.00002096.

Additionally, PEPE price has broken above the 50-day simple moving average, providing investors with a clear bullish signal.

Market sentiment is high:
PEPE’s 24-hour trading volume surged 105%, showing strong investor interest in the currency. The long/short ratio increased significantly, reflecting the market's positive expectations for PEPE.

in conclusion:
Considering the current market sentiment and PEPE’s strong performance, potential positive news for Ethereum could further drive the price of Pepe Coin significantly higher. Therefore, investors can remain optimistic about its future trends.

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If you find that you are wrong after buying a product, you must resolutely close the position and never take chances!
After the market breaks, we must resolutely take short positions, and resolutely do not buy products in the downward trend!
Those with good technology can be used as leading coins. Ordinary investors should be honest and don’t chase the rise and kill the fall!

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The time-sharing line goes to the top of the garden to prevent falling back
1. The Japanese K-wire surged higher and fell back.
2. The daily K-line initially stopped falling
How many years does it take to get ahead as a trader?
Those who realize it in four or five years are the chosen ones!
People’s experience:
It takes the 2nd year to pass the knowledge level, the 4th year to pass the technology level, the 6th year to pass the trading system level, and the 10th year to pass the ultimate level: human nature level. Then you need to wait for your own market opportunities, and then It takes 1 to 2 years, but most people may be out within one or two years.
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