Pepe Coin (Pepe) has experienced a harsh decline since the highest level of all time. The price fell by 60 %and fell to 0.000012 dollars. Pepe, which has lost 20 %in the last week, leaves investors unstable. However, some technical indicators show that a new wave of rise can begin. So, was the opportunity to buy the bottom for Pepe?
Can Pepe go up? Here are positive signals
Pepe reached $ 0.00002825 in December 2024 and saw the highest price of all time. But since then, it has been in a stable decline. However, the 30 -day MVRV indicator entered the purchase zone and past data shows that Pepe lived with large rally after this point.
According to Analyst Maxpain, it experienced 72 %, 71 %and 51 %after MVRV had previously fallen to this level. If history repeats, an ascension movement may begin. The current market conditions show that the token is at the accumulation phase, which increases the possibility of a new rally.
Accumulation is increasing, sales pressure decreases
Another factor that supports Pepe’s rise potential is the decrease in the supply in the stock exchanges. According to centimeter data, the amount of coins in the stock exchanges decreases, while the accumulation of large wallets increases.
This shows that investors hold the tokens in their hands instead of selling. Generally, the withdrawal of large investors from the stock exchanges contributes to the rise of the price by reducing sales pressure. When similar movements were seen before, Pepe had entered a strong recovery process.
Pepe Technical Analysis: Critical Support and Resistances
Technical analysis shows that Pepe is in an important support zone. The price fell to a significant demand zone in daily graphics and is expected to react at this level.
If it exceeds $ 0.0000150, the acceleration of the rise may be strengthened. However, if it does not exceed this area, there is a risk of going down to lower levels. The critical support level stands out as 0.0000120 dollars. If this region breaks, the decline may deepen.
Conclusion: Is it time to buy now for Pepe?
This breast coin encounters recipients at important technical levels. Historical data show that there are generally strong recovery at these levels. However, the resistance over $ 0.0000150 to start the rise should be broken.
The decrease in sales pressure on the stock markets and the token accumulation of whales give positive signals. However, if the price falls below the main support level, deeper losses may occur. Investors should determine their strategies by paying attention to the general aspect and transaction volume of the market. Will Pepe be on the brink of a new rise or will the decline continue? The coming days will be decisive!
