Pepe Price enters the levels of excessive sale in the daily time frame, here is what happened in the last time
Este artículo también está disponible en estñol.
The last back he has All swept The encryption market paid the Mimi currency Bibi in the lands of saleAccording to the relative strength index. It is worth noting that this is the third time that Bibi has reached the levels of sale in its history, especially on the time frame of the daily candle.
Historical data shows that in the previous two cases, the PEPE price movement followed a specific pattern, which led to a strong recovery after a period of monotheism. As such, and The collapse of the last PEPE price The first step may be before the inserted bull price.
Pepe Overold is a rare event on the market: What happened in the last time?
Pepe did not have a lot of history, as it is one of the smallest coins that contain a large market roof. However, throughout the year and a half since its launch, Bibi has rarely decreased to the land of the RSI index (RSI). This makes her current sale an important event in technical analysis, as it only happened twice before. and Excessive sale When the pressure on the encryption is too much in a short period, which leads to a decrease in the RSI index to less than 30.
Related reading
In both the two previous cases where Pepe became at work, the price entered the unification phase that lasts about a month after the bounce with the strong upward trend. This pattern is evident in the PEPE daily candlestick Common on the social media platform X by OBI (OBI_ETHS), which explained Mimi’s historical response to excessive sale conditions.
As shown in the graph below, it was the first time that the Meme Overs in September 2023 became four months after its launch. It is worth noting that the sale of 31 days of integration before Bibi eventually climbed to the highest level ever in the weeks that followed.
A similar trend occurred in August 2024, when Bibi entered a state of sale for the second time. This was followed by another 31 days of monotheism until September 6, when the other budget began.
The stage of accumulation? What do you expect after that?
With PEPE now entering another state of sale, historical patterns indicate that the meme can It remains in the stage of monotheism At least next month. If the previous trends are repeated, this period may be a window of accumulation for investors who want to exercise and put themselves before a possible gathering.
Related reading
The schedule of this expected boom should start on March 10, which is 31 days of Pepe’s entry into the last Overgrow status. From here, Meme can try to reflect the previous counterattacks by organizing an extended step that can pay for what is higher than its highest level ever at $ 0.00002803, which was recorded on December 9, 2024.
At the time of this report, PEPE is traded at $ 0.000009544, 65.8 % lower than this high level at all.
Distinctive photo of Shutterstock, Chart from TradingView.com
