The pepe value lives in the market of a deep bear, which is more than 75% of its all -time high of $ 0.000028.
Peppe (Pepe) was dropped by $ 0.000071, crashed in the last few days.
The accident occurred as a fear spread throughout the Crypto market. Crypto Fear and Greed Index, closely seen, have fallen into the fear zone in the index 20. In addition, CNN Money Fear and Greed have moved into extreme fear zone on index 19.
Paype fell with a sharp decline in its futures open interest, falling to its lowest level in months. On Thursday, Open Interest was dropped to $ 200 million, below January high $ 556 million.
Nevertheless, there are some reasons that the price of Pepe may soon return and potentially replace its all -time high.
Peppe, like other cryptocurrency, has recovered from similar pullbacks in the past. For example, its price fell by about 70% from its peak in May last year in May. It fell from its high to 63% in March and April last year.
The Z-score of the market value for the realization price (MVRV) ratio has also fallen into the opportunity area. This indicator, which assesss whether a coin is overwelled or underwellude, has fallen to the lowest level -0.726 since October 2023. It suggests that Pepe has become a bargain, indicating a possible rebound.
Paype is positive technology at the price of Peppe
Additionally, Pepe has some fast technical indicators that can cause a strong reversal. The average directional index has remained flat in recent times. This indicator measures the strength of the tendency, and the fall suggests that the slowdown speed is weakening.
The pepe coin value has formed a falling veg chart pattern, a popular rapid formation. This pattern contains two downward-sloping trendlines that change. A rapid breakout usually occurs when these lines are found, which appear adjacent.
The relative power index and percentage value osterators have also formed a rapid deviation pattern.
All this is happening when the coin sits at a significant support level, where it struggled to fall down in the second half of last year.
Therefore, the price of the pepe coin will have a strong rapid breakout, to be an all -time high of $ 0.000028 with the next point, up 300% above the current level.
