The price of Coin Pepe can be about to collapse this year after the formation of risky pattern, and since the data shows that investors have sold their property. This breakdown can also happen with Ethereum Price failure to jump on the resistance at $ 2000.
Pepe currency price is at risk where investors sell smart money
The Pepe Coin price decreased by 70 % of its highest point in 2024, reflecting the performance of other Meme coins. This incident coincided with the increase in the distinctive symbol sales by smart money investors, who are seen as more experienced than retailers. In most cases, these investors sell coins at their peak and start accumulating before the retail buyer does.
Only 17 Nanson follows Smart money owners On May 7, a decrease from 32 November last year. Those with their positions continued with the low price. The remaining remaining 2.79 trillion Bibi codes, a decrease from 3.7 trillion in November last year and 4.24 trillion in June.
One of the potential reasons for this is that Pepe is the second largest Mimi’s currency on ETAREUM after Shiba Inu. Investors have greatly sold these coins like coins like Ethereum price He decreased from more than $ 4000 last year to 1800 dollars today. As such, more ETH weakening may lead to more sale in the coming months.
Another reason is that these investors sold their PEPE coins and rotated to those in the Solana ecosystem. Only recently, the top Solana Mimi currencies Like Fartcoin, DogwFhat, and Bonk, they rose with double numbers, and attracted more investors smart money.
The PEPE prediction indicates this year’s collapse
The graph shows for three days that Pep value It reached its peak at $ 0.002825 in December last year, prompting the market ceiling to more than 10 billion dollars for the first time ever. It has decreased by more than 70 % of its highest levels in December, costing investors billions of dollars.
Pepe Price moves down the bottom side of the emerging canal that connects the lowest point since April last year. Recently, the price of Coin Pepe has a rising wedge style, often causes a declining outbreak.
This spacious pattern has been formed after a large crash, which means it formed a declining science. It has also decreased less than the moving average for 50 days. So, most likely Baby expectations It is the place where a strong outbreak matches, it is likely to be to 0.0000009618 dollars, a decrease of 90 % from the current level.
The downward expectations will become unimportant if the PEPE price rises above the important resistance level at 0.001057 dollars. A higher step than this level will rise to the next point at $ 0.000017, which is the highest swing in May last year.
Related questions (common questions)
The possibilities are that the currency will have a declining outbreak as investors sell smart funds.
These investors sold their coins with the sale of PEPE and the price of ETHEREUM remains less than $ 2000.
There are possibilities for the value of PEPE to fall in the coming months.
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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