Does PEPE Have the Potential to Recover? The TD Sequence Signals a Big Move!
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The PEPE token has reached a trading volume of $2.6 billion as technical indicators suggest potential bullish breakout opportunities.
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A significant 73.6% of PEPE holders are currently in profit, facing key resistance at $0.000022 alongside strong support at $0.000013.
The crypto market has exhibited mixed sentiments recently, oscillating between bullish trends and caution among investors. This shift has notably impacted meme coins like Pepe [PEPE], which are witnessing decreased trading interest as attention pivots back to Bitcoin [BTC].
Nevertheless, the prevailing technical indicators hint that PEPE might be poised for recovery with a robust trading volume reaching $2.6 billion.
Sequential TD buy signal indicates potential recovery ahead
Analytical tools point towards a possible upward trend reversal for PEPE. The TD Sequential indicator, featured on the daily chart, has recently issued a buy signal—widely recognized as an early sign of an incoming price rebound.
This type of signal has historically preceded positive price movements and is closely monitored by traders indicating anticipation for recovery.
The current price of PEPE stands at $0.00001791—a rise of about 2% within the last day; however, it reflects a larger decline of approximately 25.97% over the past week.
Your focus should remain on resistance around $0.00002201 in light of recent price fluctuations which have visited ranges between $0.00001455 and $0.0000242 over the previous week; traders are observing these critical levels closely for breaks indicative of sustained upward momentum through established Bollinger Bands signals.
Diminished whale activity detected following November’s surge
Data insights from IntoTheBlock reveal marked decline in high-value transactions surrounding PEPE tokens following significant whale movement earlier in November which propelled prices to reach up to $$0 .000024,before retracing downwards . p >
Currently , only around230 large transactions have taken place within th e last24 hours- a record low amongst this timeframe ;signifying waning interest . While activity dipping alongside existing consolidation at $$O.OOO01791could underscore periods where accumulation is ensuing or alternatively may highlight dwindling attention across investors actively participating in trades on exchanges . P >
Experts advise close observation regarding transactions involving whales may provide vital hints related either prospectively toward emerging breakouts , or worsening downward trajectories impacting asset valuations moving forward;
On-chain metrics identify critical pricing zones than expected / Bounded range variations observed :/ h22c >
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