PEPE continued its trajectory downwards, reaching a six -month lower $ 0.00,000,670. The sustained losses of the same corner have considerably eroded the confidence of investors, which led the even uncertain holders to withdraw.
The prolonged reduction has created a difficult environment, with the feeling remaining extremely lower.
Pepe investors lose hopes
Short -term holders (STH) left the market in the last month. Their participation increased from 11.5% to 7%, a drop of 4.5% which reflects the growing reluctance to engage with the PEPE at current price levels.
The prolonged downward trend has discouraged merchants, as any recent investment has led to losses.
As a rule, a low STH presence can be considered as a stabilization factor, reducing volatility. However, this case highlights the increase in pessimism among the investors of Pepe.
The absence of new entries and the reluctance of holders to return suggest that the feeling remains fragile, delaying any potential recovery more.
Pepe’s macro impetus remains low, the technical indicators indicating persistent lowering conditions. The relative resistance index (RSI) has been stuck in the lower area for more than a month, indicating continuous sales pressure.
The absence of an ascending momentum suggests that recovery remains unlikely in the short term.
In addition, the worsening of wider market conditions exacerbated the decline of Pepe. Without a change in macroeconomic or cryptographic trends, the memes piece could remain under pressure. Until key resistance levels are raped, downward domination should persist.
The downward trend of pepe continues
Pepe’s price fell to $ 0.00,000,670, now critical support of $ 0.00,000,632. Sitting at a hollow of six months, the downward trend of four months of the same corner shows no sign of reversal. If the downward pressure continues, Pepe could lose support and run more.
A violation of $ 0.00,000,632 would likely be a drop in pepe below $ 0.00,000,600. This could extend losses more, pushing the price to the next support at $ 0.00,000,587. Without a strong reversal, Pepe can continue its decrease trajectory, deepening the losses of investors.
The only way to invalidate this lower perspective is that PEPE recovers the crucial resistance of 0.00000951 as a support. A successful escape above this level would increase the chances that the same piece will return to $ 0.00001,000.
However, before this could happen, Pepe must first violate 0.00000718 and 0.00000839 $, both acting as key resistance levels on the path of recovery.
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