In this current uncertainty on the market, Pepe (Pepe), the popular crypto even corner, surpasses major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). In the midst of this, a leading crypto expert published an article on X (previously Twitter) and shared a purchase signal for the memes piece.
Buy a signal for Pepe
In an article on X, the expert noted that a technical indicator named sequential td flashed a purchase signal for the memes pepe piece and also suggested that the price could bounce back when applied to the graph 3 days.
However, this post on X drew the attention of the cryptographic community, and long -term holders and investors were found accumulating the token, as reported by the Coiginglass chain analysis company.
9 million dollars out of Pepe: a sign of accumulation?
The influx / overflow data revealed that exchanges have experienced a significant value of $ 9 million from Pepe Currency. This substantial output indicates potential accumulation by long -term holders, which can create a significant purchase pressure and supply another rally upwards that the memes room is currently experiencing.
PEPE is currently negotiating nearly $ 0.00001387 and has increased more than 8.15% in the last 24 hours. During the same period, its negotiation volume jumped 90%, suggesting a huge participation of traders and investors compared to the previous days.
Main liquidation zones
Looking at the data, it seems that the Bulls are those which currently dominate the memes piece, because they seem to be strongly strewn on the long side.
According to chain data, the main liquidation zone is close to $ 0.00001359, where the bulls are over-designed and currently hold $ 2.50 million in long positions. Conversely, $ 0.00001405 is another key level where sellers uncovered, with $ 1 million in overexcrelary positions, could be liquidated if the price reaches this level.
During the combination of these chain metrics, it seems that the bulls strongly dominate the assets, and $ 0.00001405 is a level of minor resistance which could soon be violated, opening the way for an upward momentum.
