pepe coin It was experiencing significant growth a few weeks ago, but now appears to be losing momentum. Its supply of profits has been decreasing over the past few weeks, and several key metrics point to a lack of activity that could signal an impending recovery.
Pepe Coin Is Losing Power
Analysis of Pepe’s supply in profit showed a significant increase in February, from approximately 19% to 100%. This has led to the profit supply increasing from approximately 84 trillion to over 420 trillion.
However, starting from March, the supply in profit began to decrease and reached approximately 96%, equivalent to 409 trillion, at the end of March.
This decline continued as the PEPE supply in profit decreased. At the time of writing this article, the supply in profit was around 78%, approximately 330 trillion.
Is There Enough Volume and Active Address for PEPE?
Analysis of Pepe’s 30-day active addresses revealed a significant increase a few weeks ago, with the number rising from around 24,000 to over 126,000. It managed to stay above the 10,000 threshold until the first week of April, after which a decline began. This decline continued significantly from the beginning of April until the time the news was written, and the number of active addresses was approximately 69,000.
Additionally, Pepe’s volume has seen a significant drop in recent weeks. Although it experienced its highest volume trend between February 28 and March 15 and exceeded $1 billion between April 13-14, volume has decreased since then.
At the time this news was written, the volume was around 650 million dollars. The analysis shows that there needs to be more activity to raise the price. As a result, the supply of profits is likely to continue falling, at least for now.
PEPE Support Close to Translation
Pepe’s daily time frame chart shows significant price declines over the past seven days. The analysis showed a decline of over 8% at the end of trading on April 17.
The chart shows that as the decline continues, the trend line shifts to act as support. At the time of writing, Pepe is trading around $0.0000048, down over 1.6%.
