Pepe value varieties dying cross as sensible cash traders flee

Pepe value varieties dying cross as sensible cash traders flee

Pepe value has crashed by 65% from its all-time excessive and is vulnerable to extra draw back as sensible cash traders flee and a dying cross nears. 

Pepe (PEPE) dropped under the important thing help stage at $0.000011 and is hovering close to its lowest stage since Nov. 7 final yr.

Nansen information reveals that the variety of sensible cash traders holding Pepe has dropped to 68, down from final yr’s excessive of 91. Equally, the variety of tokens these traders maintain has dropped from 12.32 trillion in February final yr to 9.52 trillion. 

Pepe sensible cash traders | Supply: Nansen

Pepe’s efficiency aligns with that of different Ethereum (ETH) meme cash like Shiba Inu (SHIB), Floki (FLOKI), and Dogelon Mars. These tokens have plunged as traders give attention to Solana meme cash like Fartcoin, Official Trump, and Dogwifhat.

The continuing Pepe crash has additionally led to an enormous drop in futures open curiosity, an indication of waning demand. Open curiosity dropped to $282 million on Tuesday, down from the year-to-date excessive of $556 million. 

Pepe coin value is about to type a dying cross

Pepe coin price
Pepe value chart | Supply: crypto.information

Worse, technicals recommend that the Pepe coin value is about to type a dying cross sample because the unfold of the 50-day and 200-day Weighted Transferring Common narrows. A dying cross is without doubt one of the most bearish patterns out there, because it reveals that an asset is just not discovering bids. 

Pepe has additionally moved under the decrease aspect of the descending channel, one other dangerous signal. Additional, the Common Directional Index has risen to 27, indicating the downtrend is robust. The Relative Power Index can be nearing the oversold stage. 

Subsequently, the coin will probably proceed falling, with the following reference level to observe being at $0.0000059, its lowest stage in August final yr. Such a transfer would level to a forty five% crash under the present stage.

On the constructive aspect, Pepe is forming a falling wedge sample, pointing to a rebound sooner or later. The wedge sample will stay intact so long as it’s within the 2 descending trendlines. 

Supply hyperlink

bitcoin
Bitcoin (BTC) $ 97,430.10 0.49%
ethereum
Ethereum (ETH) $ 2,717.92 1.55%
xrp
XRP (XRP) $ 2.74 6.44%
tether
Tether (USDT) $ 1.00 0.00%
solana
Solana (SOL) $ 197.65 1.17%
bnb
BNB (BNB) $ 656.10 1.52%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.271368 2.88%
cardano
Cardano (ADA) $ 0.794404 1.40%
staked-ether
Lido Staked Ether (STETH) $ 2,718.94 1.55%
tron
TRON (TRX) $ 0.231334 1.53%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,239.05 0.48%
chainlink
Chainlink (LINK) $ 19.29 3.66%
sui
Sui (SUI) $ 3.53 1.43%
avalanche-2
Avalanche (AVAX) $ 26.33 3.37%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,244.98 1.67%
stellar
Stellar (XLM) $ 0.349461 2.85%
shiba-inu
Shiba Inu (SHIB) $ 0.000017 2.13%
hedera-hashgraph
Hedera (HBAR) $ 0.229723 1.86%
the-open-network
Toncoin (TON) $ 3.85 3.10%
litecoin
Litecoin (LTC) $ 124.62 1.20%
leo-token
LEO Token (LEO) $ 9.82 0.55%
hyperliquid
Hyperliquid (HYPE) $ 26.11 1.59%
usds
USDS (USDS) $ 0.999358 0.14%
weth
WETH (WETH) $ 2,719.44 1.61%
polkadot
Polkadot (DOT) $ 5.14 0.14%
mantra-dao
MANTRA (OM) $ 7.13 24.06%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.58 1.59%
bitget-token
Bitget Token (BGB) $ 5.53 0.55%
uniswap
Uniswap (UNI) $ 9.98 0.80%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,881.63 1.70%
pepe
Pepe (PEPE) $ 0.00001 4.95%
monero
Monero (XMR) $ 230.30 2.01%
official-trump
Official Trump (TRUMP) $ 21.14 30.37%
near
NEAR Protocol (NEAR) $ 3.52 4.48%
ondo-finance
Ondo (ONDO) $ 1.32 0.42%
aave
Aave (AAVE) $ 260.82 1.96%
whitebit
WhiteBIT Coin (WBT) $ 27.05 0.40%
aptos
Aptos (APT) $ 6.06 1.58%
mantle
Mantle (MNT) $ 1.04 0.25%
dai
Dai (DAI) $ 1.00 0.02%
internet-computer
Internet Computer (ICP) $ 7.19 0.44%
susds
sUSDS (SUSDS) $ 1.04 0.20%
bittensor
Bittensor (TAO) $ 388.20 1.14%
ethereum-classic
Ethereum Classic (ETC) $ 21.28 0.38%
okb
OKB (OKB) $ 51.79 0.67%
gatechain-token
Gate (GT) $ 23.66 3.09%
vechain
VeChain (VET) $ 0.035094 1.63%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.321585 1.29%
kaspa
Kaspa (KAS) $ 0.106375 4.34%
jupiter-exchange-solana
Jupiter (JUP) $ 0.946018 8.18%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 97,487.12 0.69%
crypto-com-chain
Cronos (CRO) $ 0.0911 0.06%
algorand
Algorand (ALGO) $ 0.294374 0.24%
render-token
Render (RENDER) $ 4.69 3.88%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.41 2.97%
filecoin
Filecoin (FIL) $ 3.51 2.79%
arbitrum
Arbitrum (ARB) $ 0.494704 1.64%
cosmos
Cosmos Hub (ATOM) $ 4.91 1.58%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.804798 3.57%
first-digital-usd
First Digital USD (FDUSD) $ 0.999007 0.11%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 97,375.09 0.71%
sonic-3
Sonic (prev. FTM) (S) $ 0.547036 2.25%
fasttoken
Fasttoken (FTN) $ 3.94 0.10%
celestia
Celestia (TIA) $ 3.16 3.46%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,717.38 1.72%
raydium
Raydium (RAY) $ 5.62 7.30%
lido-dao
Lido DAO (LDO) $ 1.82 7.30%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 204.78 1.40%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,819.71 1.64%
optimism
Optimism (OP) $ 1.15 2.38%
xdce-crowd-sale
XDC Network (XDC) $ 0.099183 5.79%
ethena
Ethena (ENA) $ 0.477966 5.36%
kucoin-shares
KuCoin (KCS) $ 12.24 0.80%
injective-protocol
Injective (INJ) $ 15.23 0.36%
blockstack
Stacks (STX) $ 0.979969 2.43%
solv-btc
Solv Protocol SolvBTC (SOLVBTC) $ 97,159.03 0.76%
bonk
Bonk (BONK) $ 0.000019 5.27%
immutable-x
Immutable (IMX) $ 0.815052 1.56%
theta-token
Theta Network (THETA) $ 1.41 2.26%
movement
Movement (MOVE) $ 0.583389 6.99%
nexo
NEXO (NEXO) $ 1.37 3.32%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,053.54 1.73%
the-graph
The Graph (GRT) $ 0.142214 0.90%
worldcoin-wld
Worldcoin (WLD) $ 1.29 5.08%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,867.66 1.42%
flare-networks
Flare (FLR) $ 0.021365 0.83%
usual-usd
Usual USD (USD0) $ 0.998133 0.08%
jasmycoin
JasmyCoin (JASMY) $ 0.023048 4.36%
sei-network
Sei (SEI) $ 0.240595 2.73%
gala
GALA (GALA) $ 0.024133 4.02%
dexe
DeXe (DEXE) $ 17.94 0.45%
solv-protocol-solvbtc-bbn
Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,591.88 0.83%
eos
EOS (EOS) $ 0.662693 2.58%
msol
Marinade Staked SOL (MSOL) $ 250.67 1.49%
the-sandbox
The Sandbox (SAND) $ 0.404391 2.24%
floki
FLOKI (FLOKI) $ 0.000099 2.98%
tezos
Tezos (XTZ) $ 0.911942 1.55%
jito-governance-token
Jito (JTO) $ 3.19 4.33%
Scroll to Top