Flow

Pepe

PEPE

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-drive-pepe-price-recovery-2/" data-wpel-link="internal">Investors Drive PEPE Price Recovery</a><br></p>
<p class="p1" style="text-align: justify">PEPE price significantly dropped from its all-time high towards the end of May. The <a href="https://en.coin-turk.com/pepe-the-rising-star-among-meme-coins/" data-wpel-link="internal">memecoin</a> is now trying to recover these losses with the help of <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. PEPE trading at $0.00001163 indicates it is above a significant resistance level, suggesting a potential change in its movement. This can also be seen in the Chaikin Money Flow (CMF) revival above 0, indicating a significant increase in buying pressure.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-with-pepe">What’s Happening with Pepe?</h2> 
<p class="p1" style="text-align: justify">This data, which measures the accumulation and distribution over a certain period, shows that buyers are actively entering the market. The CMF data rising above zero means the buying volume exceeds the selling volume, reflecting a bullish trend among investors.</p> 
<p class="p1" style="text-align: justify">In addition to the increase in CMF, there is also a notable change in the short-term PEPE token supply. These tokens are moving to the wallets of medium-term holders. Approximately 7% of the short-term supply is now held by medium-term investors.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-365030 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/intotheblock.webp" alt="" width="1200" height="800"></p> 
<p class="p1" style="text-align: justify">This movement indicates that investors who initially held the tokens for shorter periods are now extending their holding periods. The transfer of tokens from short-term to medium-term holders generally signals increased confidence in the asset’s <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> performance and a commitment to hold it longer.</p> 
<p class="p1" style="text-align: justify">This change in investor behavior is a strong indicator of market belief. When investors move tokens to longer-term storage, they demonstrate their faith in the asset’s future gain potential. This behavior can immediately reduce selling pressure, contribute to price stability, and potentially encourage a bullish trend. The transition to a medium-term process can be seen as a vote of confidence.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-365029 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/pepe-cm.webp" alt="" width="1805" height="808"></p> 
<h2 class="p1" style="text-align: justify" id="pepe-chart-analysis">Pepe Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Trading at $0.00001163, PEPE is currently trying to reclaim support at $0.00001146. This could enable a rise to the next critical resistance level of $0.00001369 for the memecoin.</p> 
<p class="p1" style="text-align: justify">The mentioned factors suggest this outcome is possible if the bullish trend among investors continues, but if the breach fails, PEPE price could drop back to $0.00001007. Even if there is no break below this support, $0.00001146 could form a consolidation zone for PEPE, invalidating the bullish thesis.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-365028 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/pepe.webp" alt="" width="1804" height="808"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-drive-pepe-price-recovery-2/" data-wpel-link="internal">Investors Drive PEPE Price Recovery</a></h5>

Investors Drive PEPE Price Recovery

Obsah

COINTURK NEWS

Ďalšie články zverejnené 25. 6. 2024

Solana’s New Features Power On-Chain Transactions Across The Entire Web

Analysts Remain Bullish on Bitcoin Options before June Quarter Expiry

FTX Halts Withdrawals and Faces Legal Proceedings

Bernstein Predicts Lower Demand

Meet FatBoy: The Tamagotchi-like virtual character changing the face of P2E

High Staking Rewards with MoonBag, Predictions of MBAG Reaching $1 by 2025, & Its Impact on Polyg...

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!