Pepe is exploding 5%, will the bulls walk around?

- Pepe increased over 5%and wandered around $ 0.0000072.
- The market recorded a total of $ 1.43 million pepe liquidations.
A slight change change gave a new life to the crypto market and lifted its total market value for $ 2.68 trillion. Breast coins followed the case by climbing a border of 50.4 billion dollars after earning more than 3.4%. Pepe, a frog -themed coin, increased a solid 5.50%.
Pepe started the day trade A low $ 0.000006706. Later, after the accusation of the bulls, the breast mine rose to the summit of $ 0.000007352. At the time of the press, the breast mine was traded for $ 0.000007226 and the market value is $ 3.04 billion.
In addition, a pepe of $ 1.43 million in the market witnessed liquidation This December. As a result, breast Coin’s daily trading volume reached $ 915 million.
What’s for Pepe?
The decrease momentum of Pepe may trigger the return to $ 0.000006991. A expanded loss can demolish the breast mine ‘and re -test from $ 0.0000067 support.
Assuming that the breast medallion is reversed, a contrary price correction may begin. Probably the resistance would have $ 0.0000073. If the bulls persist for longer, Pepe can reach the $ 0.0000075 area.
The moving average convergence deviation (MACD) line and the signal line of the breast coin are placed below the zero line. It indicates a low passage and general weak momentum.
In addition, the Chaicin Money Flow (CMF) indicator found in -0.03 indicates that the money flows from the existence. Meanwhile, Pepe’s daily trading volume increased by more than 7.70%.
Pepe’s market sensation naturalSince the daily relative power index (RSI) is at 51.56, it is neither over -purchase nor over -selling. Furthermore, the bull’s strength (BBP) value -0.00000028 indicates that bulls are slightly dominant.
Waiver: The opinion expressed in this article is only the author. It does not represent any investment advice. Thethrypto encourages everyone to do their own research before investing.
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