Launched in mid-April and attracting many people from whales to smaller investors. Pepecoin (PEPE) still continues to be at the center of attention of investors.
in early May Binance’PEPE, which peaked at $0.0000044 after it was listed on PEPE, has fallen 65% since then.
far from the summit PEPE It fell as low as $0.00000106.
Whales, who took advantage of the decline of PEPE, made large purchases, and even though PEPE went up to $0.0000020, it could not maintain this gain and fell again. At the time of writing, it stands at $0.00000153.
While some investors who are buying at higher levels, expecting PEPE to rise even higher, are wondering which way PEPE will move. cryptocurrencynotable for its analyzes of Michael van de PoppePEPE analysis came from
Stating that PEPE is showing a downward trend, Poppe said that he thinks this trend will continue a little longer and that the $0.00000085 level should be followed for entry.
The analyst also PEPE’He thinks that if it fails to regain the $0.000001625 level, it will continue to decline.
“Well PEPE is already moving downwards.
I think we will continue this trend. I would preferably watch around 0.00000085 for re-entry to PEPE.
For now, it looks like the downtrend will continue as long as 0.0000011625 is not retracted in PEPE.”
well, $PEPE is moving downwards.
I think we’ll continue that trend and I’d preferably watch an entry around 85000 for a play.
Shorts for now, unless 162500 is reclaimed. pic.twitter.com/A7OkUY2jDk
— Michaël van de Poppe (@CryptoMichNL) May 17, 2023
*Not investment advice.
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