1,380,000,000,000 ADokens Pepe added to the open interest, is the price of the PEPE currency to explode?
Pepe Coin Price was recently struggling, as it witnessed a decrease last month along with a decrease in the broader Crypto market. However, adding PEPE 1.38 trillion icons to open interest has raised questions about the possibility of increasing prices. This sudden flow of symbols has caused attention to whether the Mimi currency can be set for apostasy.
1.38 trillion PEPE The open interest is added, does the next price gather?
The PEPE price movement has recently seen a tremendous increase in an open interest, adding 1.38 trillion unit (38.65 %) to Stablecoin-Margar contracts. The open interest tracks the total number of excellent purchase and sale orders in the market.
Such a sharp increase in open attention often leads to an increase in market fluctuations, which may lead to large price movements in either direction.
To get a clearer picture of the place where Pepe may go after that, examining the data on the chain is very important. Immediate CVD and financing rates, one can distinguish whether there are more bullish or homosexual feelings behind the mutation.
Pepe holder in the short term, long -term purchase opportunity?
The last MVRV percentage of PEPE revealed that their holders 90 days ago are currently facing a 41 % loss of 41 %. This recession often leads to surrender, as their short -term holders sell their origins to avoid more losses.
However, such behavior in the market represents an opportunity for long -term investors who tend to collect symbols during “surrender areas”.
Historically, these moments were characterized by the beginning of the upscale repercussions, as shown in September 2023, when the MVRV ratio of Pepe was likely low, which led to an impressive crowd of 1600 % between February and May 2024.
As short -term holders continue to sell their sites, their long -term holders have the ability to benefit from the current market conditions.
These opportunities often arise when the market morale is excessively pessimistic and experienced investors realize the possibility of a recovery.
Thus, since the percentage of MVRV remains in negative lands, the scenario seems mature of a potential upper reflection in the coming months.
Pepe currency rate analysis: the main levels of viewing
the Baby price Recently witnessed fluctuations in its specific area (VA). After a significant increase in prices to its highest level (ATH) on November 5, 2024, it seems that achieving profits has caused the price to return to VA.
As of the time of reports, the PEPE price is traded at $ 0.000008507, with a decrease of 6 %. This follows the decrease in the encryption market, with BTC price She hovers above 95 thousand dollars.
The control point (POC), a decisive price level, is now focusing with the price stability in this region. Traders and analysts alike closely monitor the POC level, as it may serve as a starting point for more upward movement.
The reversal of POC is likely to target the high value space (VAH) as the first key resistance. If the price collapses via VAH, the following important landmarks will be 2025 VWAP, followed by Q4 2024 VWAP.
Increased symbols of 1.38 trillion of icons at open interest speculation about the recovery of potential prices. The main resistance level and the upward feeling can pay a large price movement in the coming months
Related questions (common questions)
The flow of 1.38 trillion symbols may lead to an open benefit to significant fluctuations in prices, which may lead to an increase in prices or an additional decrease.
The MVRV ratio measures the profitability of its holders and can indicate that the market is less than its value, indicating an opportunity to buy long -term holders.
POC level is a major price field where commercial activity occurred. The reversal of this level may lead to more upward movement.
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Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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