PEPE price struggles to break a key barrier, with potential gains likely to lead to immediate selling pressure and further declines.
Points
- PEPE price struggling to break past a key barrier.
- Breaking the barrier may lead to immediate selling pressure.
- Potential for further declines if the barrier remains unbroken.
The price of PEPE is facing significant resistance at a crucial barrier, with any potential rise likely to trigger immediate selling pressure. Currently, PEPE is trading at $0.00001205, struggling to break past the $0.00001369 level.
PEPE Investors Are Looking for Profits: According to the Global In/Out of the Money （GIOM） indicator, about 56.48 trillion PEPE is on the verge of turning profitable. This supply, bought between $0.00001100 and $0.00001300, could lead to significant gains if the price reaches the upper limit of
the consolidation zone. However, once these gains are realized, investors are likely to sell their holdings to secure profits, especially in a bearish market.
The Market Value to Realized Value （MVRV） ratio further supports this outcome. Currently, PEPE’s 30-day MVRV stands at 15%, indicating profitability and possible selling pressure. Historically, PEPE tends to correct when the MVRV ratio is between 18% and 48%, often referred to as the danger zone.
解説
- PEPE’s struggle to break past the key barrier of $0.00001369 highlights the significant resistance level faced by the token.
- The GIOM and MVRV indicators suggest that any potential gains could trigger immediate selling pressure, leading to further price declines.
- Investors should be cautious and closely monitor these indicators to make informed decisions about entering or exiting positions.
- Understanding the dynamics of profit-taking and selling pressure in relation to market trends is crucial for navigating investments in volatile assets like PEPE.