Beware! Pepe tokens are losing popularity, holding time has dropped by 15%, is a crash coming?
The price of Pepe tokens has risen by 10.87% in the past week, which sounds good, right? But don't be too happy, because some people have made a lot of money, about $35 million, and they may be eager to sell it for cash, so the price of Pepe may fall.
What's worse is that people are now holding Pepe for 15% less time, which usually means that people are not optimistic about it and want to sell it quickly. Therefore, the price of Pepe may fall to $0.0000074 first, and then see if it can rebound to $0.00001 or $0.000013.
Let's talk about the specific data. Pepe has been traded quite actively recently, with $4.48 trillion traded in one day. With so much money being made, many people may choose to take the money for safekeeping, which is not good news for the price of Pepe.
Also, everyone held Pepe for a long time before, but in the past week, it suddenly shortened by 15%. This is a dangerous signal, indicating that many people are beginning to be pessimistic about Pepe and are ready to sell.
From a technical perspective, although Pepe's price has the opportunity to rise to $0.000013, the current situation is not good, and there is great resistance. The price may fall first. However, if fewer people sell, Pepe's price may return to around $0.00001 first, and then try to see if it can reach $0.000013.
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