PEPE COIN (PEPE) is hovering at a decisive support level after lowering more than 65 % of its highest level ever. Its collision reflected the performance of most coins, including large names such as Dogecoin and Shiba Inu. Therefore, is the price of the Pepe currency at risk after depositing the 2.3T whales to the CEX exchange, or will it gather for the possibility?
The PEPE currency prices are disrupted with a 2.3T PEPE whale discharge amid smart money selling
The third party data shows that the number of coins in the central stock exchanges continued to rise this week. Increase in CEX flows, especially by Pisces investorsIt is usually a negative sign because it indicates more selling.
Santiment data shows that the PEPE whales transported 2.3 trillion of $ 22 million to the CEX exchanges (CEX). Baby had a wallet of 2.83 trillion symbols on February 11, which then fell to 510 billion in 13. This is a sign that these whales emptied the distinctive symbols to CEXS, a sign that they were selling their symbols as a sign of surrender.
More data shows that smart money investors have thrown Pepe in the past few months. There are now 61 smart money holders in Bibi, a decrease from 82 in November. These investors keep the Baby 9.59 trillion symbols, a decrease of 12 million in the same previous period.
What is the investor who sells it is a declining factor that explains the collapse of the current PEPE price. However, historically, these negative periods often become good periods of collecting coins.
MVRV index is probably likely
Meanwhile, the market value has decreased to the achieved value index (MVRV), a sign that accumulation may happen. the 365D MVRV index moved to 43 % minus On February 7.
The last time that the MVRV index was low in February last year when it moved to minus 24, which led to an increase of PEPE by 342 %. As such, MVRV suggests that the currency is in an opportunity area, which may lead to more gains in the short term.
The MVRV index is a common tool that compares the market value of the asset and the achieved value and then applies Z. It is used to track the profit and loss of currency holders in a certain period, in this case 365 days. Negative data indicates that these investors are in a loss, the place where most of the accumulation of smart money occurs.
Pepe currency rate analysis as sits with major support
The Daily Chart sends mixed signals about the price of Coin Pepe. On the positive side, the currency fell to $ 0.00000811 last week with most coins decreased. This has been an important level of support since its failure to decline below the trend in April, August, September and November last year. He – she I always wore again whenever she fell on this support The level, which indicates that it may refresh now. For example, it rose 270 % after approaching this support in November.
On the downside, the coin recently formed a cross of death as the moving average for 200 days and 50 days (WMA) turned. The style of the small landline science scheme has also formed a continuation mark.
PEPE premium code goals
So, and Pep value It may refresh to the average moving level of 200 likely at $ 0.000015, with an increase of 50 % of the current level.
Climb Baby expectations It will become unimportant if it decreases below the upward trend line. This decrease will bring the following support at $ 0.0000059, which is its lowest level in August.
Related questions (common questions)
The high exchange balances is a negative stimulus of a coin like PEPE because it is a sign of its sale. However, the increasing negative emotions may be a sign that the whales will start collecting the distinctive symbol.
The most popular PEPE price stimulus is that the Mimi currency is very common and that the MVRV index has moved to the opportunity area.
The goal of the healthy clinical currency is 0.000015 dollars, 200 WMA. However, the decrease in support at $ 0.0000081 will indicate the downside, and perhaps to $ 0.00000591.
Crespos
CRISPUS is an experienced financial analyst in CoingApe with over 12 years of experience. It focuses on Bitcoin and other altcoins, which covers the intersection of news and analysis. His visions were shown on famous platforms such as banklestimes, Coinjournal, Hypeindex, Seekingalpha, Forbes, Investingcube, Investing.com and MoneytransFers.com.
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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