#PEPEUSDT The recent fluctuations are large

In fact, in the past 3 days alone, its price fell by around 18.2%, approaching the key support level at $0.000009022, with the price undergoing a period of consolidation that ended on July 30

Memecoin’s price action has been significantly lower over the past few days. This is the opposite of the previous sideways move. This observation is crucial as PEPE appeared to have broken out of a consolidation phase a few days ago. Stopping this breakdown in the coming days will be key to altcoin price action

But the price is approaching the key support level at $0.000009022. A breach of this level could signal further depreciation in the value of PEPE

Data analysis highlights significant fluctuations on the chart. Specifically, the data shows periods of large inflows and outflows of funds

There appears to be an increase in outflows now, correlating with the price decline noted above on the chart. This could be interpreted as a sign that more investors are selling off their holdings, most likely out of fear of further price declines

Data on capital inflows and outflows show that 72.85% of PEPE addresses are currently profitable, and the buying prices of most profitable addresses are lower than at the time of publication.

Conversely, the 23.37% of investors currently in the red cannot be wiped out and could trigger greater selling pressure. This could further exacerbate its current bearish trend.

PEPE’s latest price drop has brought it close to key levels on the chart. If the price sustains above this level, memecoin could see a reversal

But if the bearish momentum continues and the price breaks below the support, PEPE may fall further#meme币 $PEPE $MEME