Pepe price forms death Cross while investors flee smart funds

Pepe PRICE has been disrupted by 65 % of its highest level ever, and is at risk of more negative aspect as investors fled smart funds and are close to the intersection of death.

baby (babyLess than the main support level decreased at 0.000011 dollars and hovered near its lowest level since November 7 last year.

Nansen data shows that the number of investors of smart money carrying PEPE decreased to 68, down from the highest level last year of 91. Likewise, the number of symbols carried by these investors decreased from 12.32 trillion in February last year to 9.52 trillion.

Pepe Smart Money Investors
Pepe Smart Money Investors | Source: Nansen

PEPE performance is in line with the performance of the other ethereum (EthMimi currencies such as Sheba Eno (Gray), Herds (flock), Doglon Mars. These symbols decreased with a focus on investors Solana Mimi currencies Such as Fartcoin, official Trump, and Dofuvis.

PEPE's constant crash also has a significant decrease in open futures, a sign of decline in demand. The open interest fell to $ 282 million on Tuesday, a decrease from the highest level from the year to the date of $ 556 million.

Pepe Coin Price is about to form the death cross

The price of the coin
Baby Price Plan source: Crypto.News

Worse, techniques indicate that the price of Pepe is about to form a cross -death pattern as the average average medium movement is spread for 50 days and 200 days. The cross of death is one of the most landing patterns on the market, as it appears that the origins do not find offers.

Pepe also moved below the underside of the descending canal, another risky sign. Moreover, the average trend index has risen to 27, indicating that the declining direction is strong. The relative strength index also approaches the level of sale.

Therefore, the currency is likely to continue to decrease, with the next reference point for watching up to $ 0.0000059, its lowest level in August last year. Such a move indicates a 45 % lower collapse than the current level.

On the positive side, Pepe creates a falling saf style, pointing to a recovery in the future. The sorry pattern will remain intact as long as it is inside the scattered trend lines.



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