The Pepe Coin price for Breakout prepares 0.000027 dollars, as a double bottom pattern appeared on the weekly graph. This penetration, which is waving on the horizon, coincides with two whales that open long jobs valued at more than $ 3 million, indicating optimism of additional gains.
Coin Pepe trades at $ 0.0000141 at the time of the press after a strong bounce of a daily level of $ 0.0000134. Trading volumes decreased by 21 % at the time of the press, according to Data from CoinmarketCap.
Coin Pepe prices target $ 0.000027
Pepe Coin wore the support area between $ 0.000054 and $ 0.000062 to form a classic bottom pattern. This chart style often indicates that the trend is about to shift from a decline to ascending, indicating that the Pepe Price gathering that began in April will continue.
In order for the price of Coin Pepe to erupt more than $ 0.000027, Bulls need to overcome the resistance between $ 0.000014 and $ 0.000016. In the past three weeks, Bibi has been fluctuating in a clear unification within this price range due to the buyer’s hesitation.
However, the MFI indicates that this upper metal currency may erupt soon. This scale is roaming north after making a series of higher highlands during the past two months, indicating a steady rise in purchase of purchase and asserting that the trend remains optimistic.
At the same time, the size shrinks, although the AO chart tapes, albeit less than the zero line, indicate that the declining momentum grows. If the purchase pressure continues and the AO tapes rise over the zero line, this will confirm the price of Coin Pepe to $ 0.000027.
The prediction of the PEPE currency price will be inaccurate if the Ao tapes fails in the heart of positivity and instead, the volume is prolonged in the negative area. This will indicate that the declining momentum is gaining strength, which prevents great gains.
Whales open long situations 3 million dollars
The data from Coinglass shows that in the last two days, two PEPE whales have opened long sites of more than $ 3 million, with a capacity of 10x on liquid rise. When whales open long sites, it appears optimism that the price of Pepe will continue to rise.
In most cases, whales take long situations shortly before the assembly, and if the historical rhymes, the newly opened places indicate that the upward move to 0.000027 dollars is likely to happen. However, if the bullish trend is weakened and the PEPE currency rates decrease to filter these situations, this may lead to an increase in the pressure of the sale side, which leads to more declines.
In conclusion, the PEPE price is likely to be about to finish to $ 0.000027 as shown in the double bottom pattern on the weekly chart. This upward outlook is more supported by locating whale, as excessive liquid data shows that two whales have opened long jobs worth more than $ 3 million.
Related questions (common questions)
The price of Coin Pepe can erupt more than $ 0.000027 if it overcomes the resistance in the monotheism range between $ 0.000014 and $ 0.000016. The MFI indicates that the purchase pressure is gradually rising, and it may support this upward trend.
Whales increase their long positions on Pepe amid optimism that climbing may continue. The double bottom pattern indicates that this is likely to happen soon.
Some factors that will affect the next Pepe Coin Rally include an increase in the purchase of pressure, the upscale feeling across the broader market, and the benefit of retail.
Metouni
Muthoni Mary is an analyst and writer in the veteran encryption market that has more than three years of experience in dissecting Blockchain trends, price movements, and market dynamics. Through the acute eye of technical analysis and an in -depth understanding of the scales on the series, it provides insightful -based content that helps investors to move in the world of fast -paced digital assets.
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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