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The encryption market is exposed to a large sale, and the Meme currencies felt heat. Crossed Mim currency baby More than 26 % has decreased in the past 24 hours, raising its total decrease to 67 % shocking from its highest level at $ 0.000028 reached last December.
At the time of writing this report, Bibi reduced his losses slightly, a decrease of 20 % to $ 0.00000967. Despite the sharp decrease, PEPE trading increased by 237 %, exceeding $ 3.26 billion in the last day. This rise in trading activity indicates that traders may be re -located, which may indicate a transformation in the momentum.

Although the low PEPE prices may seem worrying, the increase in trading volume may indicate an increase in interest from traders looking to benefit from the decline.
Is recovery imminent?
Pepe has fell steadily since it reached its highest level ever $ 0.000028 on December 9. The decreases led to less than the daily SMA 50 at 0.00001752 in mid -December, where it remained until late January, before declining to $ 0.0000113.
the Baby price It also refused to slip to less than Daily SMA 200 at 0.00001328 dollars, thus losing the main support that has maintained its price since November. Three days after the bounce without Daily SMA 200, Pepe began to decrease again, adding zero to its price.
Baby decreased to the lowest level at 0.0000079 dollars today, on the occasion of the third day of the losses if the session ends in red.
After saying this, the first sign of strength will be a recovery over SMA daily 50 and 200, respectively. However, a lot of PEPE's potential bounce may depend on the wider market conditions. If Bitcoin and other major encrypted currencies are recovered, MEME currencies like Pepe will follow their example.
On the other hand, if the pressure pressure continues, PEPE may challenge $ 0.0000079. The violation of this level may indicate a greater risk on the downside.
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