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Crypto Trends

The Pepe coin is sliding after the bull lost 1.86 million dollars and the OI drop

Bibi, the Mimi -based currency, decreased by 2 % today at the time of the press, where the broader encryption market is experiencing a slowdown. The broader MIM sector has decreased by 20 % over the past thirty days to reach $ 60.29 billion.

Since Coin Pepe Meme, it exceeds the maximum market for $ 5 billion, the declining trend risk a possible withdrawal to a psychological mark of $ 0.000010.

Mimi Bibi currency analysis analysis

In the daily chart, the Pepe Meme Coin movement displays a low low composition, which is a new lower -lower formation near $ 0.00001350 with long candles. The reflection in PEPE is 50 % reversal in Pepe, at $ 0.00001222, which risk possible details as it currently trades at $ 0.00001226.

Baby Mimi currency price schemeBaby Mimi currency price scheme
Baby Mimi currency price scheme

PEPE’s immediate support is an EMA height for 50 days at 0.00001159 dollars, followed by Emas Convergent 100 and 200 days at $ 0.000010 near $ 0.00,001100. With the growth of the sale pressure, the MACD lines and the signal lines hints to a potential cross.

However, short -term uncertainty leads to flat movement, which delays the positive intersection. PEPE’s decisive support is $ 0.00001037, and is highlighted at the lowest 30 days.

With an optimistic lens, if PEPE avoids a 50 % lower closure of the Fibonacci level, it may challenge the decisive resistance back of $ 0.000015 that created multiple peaks last month.

Baby derivatives indicate the risks of the negative side

In the derivative market, the short -term decline led to a sharp decrease in Pepe Open attention. It decreased by 1.20 % to $ 562.30 million. In addition, the long ranking with a length of 1.86 million people is approximately twice of the $ 928,000 short qualifiers.

Bibi derivativesBibi derivatives
Bibi derivatives

This indicates a large survey of buyers in the derivative market. This has decreased long to a maximum to 0.9512, indicating a wider market anticipation for a more severe correction.

In conclusion, the last PEPE decline by 2 %, along with technical expectations, indicates an increase in negative risks. The closure without a 0.001222 dollar sign that is in line with the 50 % Fibonacci level can speed up the correction towards the switch support 0.000010. However, the reversal of the Fibonacci level may lead to the revival of the upward trend to $ 0.000015.

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