PepePAD narxiPEPE

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$PEPE - Mcap 1.87B$ - 86%/ 1M votes Bullish SC02 M5 - pending Short order. Entry lies within the HVN and is not affected by any weak zone, the projected stop-loss is around 1.26%. The downtrend is in the 118th cycle, with a decline amplitude of 7.76%. #TradingSetup #CryptoInsights

Pepe fell 3% on Tuesday after rising 7% on Monday, extending its consolidation below $0.00000500. A quick spike in Pepe futures Open Interest suggests investor optimism. On-chain data shows opportunities for network expansion, profit supply, and whale transactions. Pepe (PEPE) falls on Tuesday after failing to close above the $0.00000500 psychological mark on Monday. As meme coin consolidates, technical picture is ambiguous. Still, derivatives and on-chain statistics suggest retail interest is returning, which might help this frog-themed meme coin's next climb. Derivatives and on-chain data favor PEPE. Pepe is regaining retail popularity as futures traders increase risk overnight. In 24 hours, PEPE futures Open Interest (OI) rose 7.87% to $257.18 million, according to CoinGlass. Pepe and other meme currencies return mostly due to retail demand and speculation. On-chain, Santiment data reveals network growth increased to 623 on Monday from 448 on Sunday, meaning more new addresses sending PEPE for the first time. On Monday, PEPE supply profit was 23.20%, up from 20.14% the day before. Whale investors, or large pocketbook investors, made 36 trades worth over $1 million on Sunday, indicating increasing interest that drove Monday's 7% rise. The meme currency may recover if whales reignite their interest in PEPE. Technical outlook: Could PEPE reach 200-day EMA? By press time on Tuesday, Pepe was down 3% and trading below $0.000005000, possibly targeting the November 21 low of $0.00000395. The daily momentum indicators remain neutral-to-bullish. The RSI at 45 is moving from oversold area toward the middle, indicating a decrease in selling pressure. The Moving Average Convergence Divergence (MACD) is stable at zero, with mostly green histogram bars, suggesting bullish momentum. PEPE might target supply between $0.00000650 and the 200-day EMA at $0.00000839 if it closes above $0.00000521, the November 4 low. $PEPE

Volatile coins today 🔥 (24hrs changes) HYPE(+3.59%) MNT(+7.24%) CC(-1.58%) PEPE(+1.16%) ICP(+3.04%) M(+7.17%) APT(+0.98%) BONK(-0.84%) PENGU(+7.79%) MYX(+0.51%)