Analysis of the available data indicates that the PEPE coin has witnessed a decline this week. There are several factors that could be responsible for this decline:
1- The trend of the crypto market in general: If there is a decline in the crypto market in general, it is likely to affect the performance of the PEPE coin as well.
2-Ratio of large positions: According to available data, the ratio of long to short is 4.8:1. If there is an increase in the number of short positions, it may lead to negative pressure on the currency price.
3-Current currency funding rate: According to the available data, the current currency funding rate is 0.0001. If there is strength on the short side, it may have a negative impact on the currency price.
4- Current Support and Resistance Levels: According to the available data, the latest BOLL support price is $0.000007373 and the latest BOLL resistance price is $0.000008231. If the support level is broken, it may increase the negative pressure on the coin price.
Based on the current analysis, there is a clear indication for PEPE coin after this drop. If you are thinking of investing in PEPE, it is better to invest before the coin rises.
