Will $0.00001 hold after whale offloading?
The post Will $0.00001 hold after whale offloading? appeared on BitcoinEthereumNews.com. Summary The price dropped to test the crucial $0.00001 support level as a whale offloaded over 500B PEPE (~$4.8M). PEPE is currently trading between $0.0000097 and $0.0000098. Holding the $0.00001 pivot, which is still crucial for a bullish PEPE price prediction, may cause a rebound towards $0.0000115–$0.0000125, with a potential extension to $0.000013. A slide towards $0.0000090–$0.0000085, beginning with a retest of $0.00000938, is the possibility of a collapse below $0.00001. Short-term volatility is anticipated as traders test support, and the overall Pepe price forecast is neutral to negative. Yesterday, a whale Pepe investor transferred about 500 billion Pepe (PEPE), worth ~$4.8 million, to Binance, which put more selling pressure on the order books. The $0.00001 level, which PEPE price prediction analysts have regarded as a short-term line in the sand, was quickly explored by price activity before leveling off slightly below it. PEPE price prediction discussions intensified as PEPE lingered around the high-$0.000009s in intraday feeds, with the market determining if this is a clean recovery or a deeper break. PEPE price prediction: What you need to know PEPE 1d chart, Source: crypto.news As of this writing, PEPE is trading slightly lower on the day following Monday’s whale move, at between $0.0000097 and $0.0000098. Over the previous sessions, the $0.00001 band has served as a make-or-break pivot: short dips below it have drawn dip-buyers, but long-term closures below would shift the momentum in favor of selling. Interestingly, PEPE has performed better over the past 24 hours than the larger memecoin cohort, which experienced a more severe decline, even after the dump. Compared to smaller meme tokens, high liquidity and turnover continue to reduce volatility. Bullish factors for PEPE price Buyers have the opportunity to mean-revert toward $0.0000115–$0.0000125, a level that corresponds with recent supply and frequently observed resistance, if…
The post Will $0.00001 hold after whale offloading? appeared on BitcoinEthereumNews.com.
Summary The price dropped to test the crucial $0.00001 support level as a whale offloaded over 500B PEPE (~$4.8M). PEPE is currently trading between $0.0000097 and $0.0000098. Holding the $0.00001 pivot, which is still crucial for a bullish PEPE price prediction, may cause a rebound towards $0.0000115–$0.0000125, with a potential extension to $0.000013. A slide towards $0.0000090–$0.0000085, beginning with a retest of $0.00000938, is the possibility of a collapse below $0.00001. Short-term volatility is anticipated as traders test support, and the overall Pepe price forecast is neutral to negative. Yesterday, a whale Pepe investor transferred about 500 billion Pepe (PEPE), worth ~$4.8 million, to Binance, which put more selling pressure on the order books. The $0.00001 level, which PEPE price prediction analysts have regarded as a short-term line in the sand, was quickly explored by price activity before leveling off slightly below it. PEPE price prediction discussions intensified as PEPE lingered around the high-$0.000009s in intraday feeds, with the market determining if this is a clean recovery or a deeper break. PEPE price prediction: What you need to know PEPE 1d chart, Source: crypto.news As of this writing, PEPE is trading slightly lower on the day following Monday’s whale move, at between $0.0000097 and $0.0000098. Over the previous sessions, the $0.00001 band has served as a make-or-break pivot: short dips below it have drawn dip-buyers, but long-term closures below would shift the momentum in favor of selling. Interestingly, PEPE has performed better over the past 24 hours than the larger memecoin cohort, which experienced a more severe decline, even after the dump. Compared to smaller meme tokens, high liquidity and turnover continue to reduce volatility. Bullish factors for PEPE price Buyers have the opportunity to mean-revert toward $0.0000115–$0.0000125, a level that corresponds with recent supply and frequently observed resistance, if…
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