- The crypto price has declined by 99.93% and is currently trading at a new all-time low.
- PEPE coin belongs to the meme coins and has been massively unloaded by whales.
PEPE coin has a higher long liquidation of $326.36K against a shorter liquidation of $87.72K, which means that a lot of buyers have lost their money on the coin. The derivatives volume for the PEPE coin in the last 24 hours is $104.55 Million, which has advanced by 27.28%.
Pepe coin has a market cap of $276.32 Million, which has also declined by 3.12% following an increase of 41.53% in volume. Currently, 20.30% of the overall market cap is traded and the circulating supply of the crypto is 391.79 Trillion PEPE. This results in a fully diluted market cap of $296.96 Million following a total supply of 420.69 Trillion PEPE.
The market cap rank of the PEPE is #106 and its largest amount of volume is trade in the USDT pair, following a coverage of 82.53%. The total maximum volume is trade on the OKEX exchange. The crypot was audit by the fairyproof and its all-time high was recorded on May 5, 2023.
Pepe Price’s Technical Analysis
Source : Tradingview : PEPEUSD: 1D : BITFINEX
The consistent decline in price has taken the crypto to all-time lows and the market has broken below them. This depicts the selling pressure in the market as the market has formed lower highs and lower lows, which leads to a bearish change of character and the coin has been consistently forming bearish candlesticks.
Following a consistent downtrend, the market has declined below the 20-day and the 50-day Exponential Moving Averages following a bearish crossover, which denotes the downtrend in the coin.
The RSI of the PEPE has declined below the 50 level and has also declined below the 14-day SMA line. This represents the presence of sellers and a weakness in price in the market.
Pepe Volume Analysis
As per the volume charts, we can see that the volume of crypto has been consistently declining with time, which represents the lack of interest of traders in crypto.
Conclusion
Following a consistent decline in price, the crypto has been making lower lows, leading to a downtrend that led to bearish EMA’s and a negative signaling RSI. The volume for crypto also does not show any significant change, which represents the lack of interest of traders in crypto.
Therefore, the price of the crypto is expect to decline further unless it breaks above the dynamic trendline and starts making a higher high pattern on the daily timeframe.
Technical Levels
- Support Level: $0.00000035 and $0.00000010
- Resistance Level: $0.00000150 and $0.00000200
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.