The first positive signs caused a high demand for money, in order to restore the new liquidity sizes of small investors and smart investors hope to increase price to $ 1.
The market players for the first new month of calm have transformed into assembly, which has strengthened the positive vision of the expectations of PEPE prices, the volume of trading reaching unprecedented levels since last June. The volume of negotiation, which exceeded $ 1.4 billion in the last 24 hours, paid the price of this MG currency at 15% in early July.
It seems that this increase came with more than the participation of small investors, it is clear that whales contribute strongly to purchases, because their possession of the currency increased by more than 5% in the last month to reach $ 7.95 billion, according to data from the Nansen website.
Intelligent investments are generally put forward towards the rest of the market, making the month following a possible turning point for the price of the Pepe Currency (PEPE), which still represents 60% of its highest levels recorded at the end of 2024.
The total baby currency offer on trading platforms has decreased at its lowest level in more than two years to 246.82 Billions of currencies, a decrease of 2.66% since early July.
The decrease in the number of currencies in platforms generally indicates a change towards long-term conservation, because investors maintain their property in a self -guard.
Pepe: Is this the start of the height of about $ 1?
The beginning of July paid the price of the Pepe Currency (PEPE) to test the significant level of support at $ 0.00001035, which is the last obstacle to confirm the hacking of the cup and the handle at 6 months.
After the potential correction phase of the potential structure of Elliott waves, it is likely that last June of the last the temporary substance, which means continuing to increase in the general direction of the motif.
In addition, momentum indicators indicate the same thing, which is the return of the purchase pressure. The relative power index has maintained a continuous and emerging trend for the first time since the threshing direction which formed the handle, and is now a little at the bottom of the neutral line at 49 with the return of the purchase.
The MacD index also shows positive signals. Although the graphic plan already confirms a golden intersection, the three -day time can be followed soon, indicating a possible upward trend over a longer period.
In addition, the MacD index on the intersection above the signal line at a potential gold intersection, and this intersection was in advance on the graph for a day, showing that the three-day period indicates a longer-term ascending direction.
And if the price of the Pepe currency manages to close more than 0.00001035, the style is more likely a technical objective which complies with Fibonacci 1.618 to 0.00002160 $, an increase of 117% compared to current levels.
However, the big goal of reaching $ 1 remains in the need to achieve long -term sustainable growth motivated by adoption and increasing procedures which contribute to the contraction of the offer such as burning coins, given the current market value of $ 4.28 billion for the PEPE. But if this is not reached, the price of the Pepe currency can witness a temporary breakthrough to return and continue in its current decreasing direction, because the next main level of support is $ 0.0000079 – and is compatible with the end of the previous Elliot structure – may indicate a deeper correction.
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The position of expectations for pepe-pepe prices: whales are strongly accepted to perceive them with a negotiation volume greater than $ 1.4 billion, are the hopes therefore renewed by reaching the price of $ 1? APPLERDIRST on Arab Cryptonews.