As Pepe Coin faces significant moves, the market exhibits volatility. Large investors dive deeper into the meme coin territory, potentially suggesting upcoming corrections.
Technical Analysis of Pepe Coin
The charts show price volatility for PEPE/USDT with buying and selling pressures represented by green and red candles. The price is below the 50-SMA, suggesting a short-term bearish picture, and also below the 100-SMA, indicating a bearish signal. The price continues below the 200-SMA, supporting an extended bearish outlook. Resistance occurs around 0.00001990, and support level is at 0.00001850.
ADX Bearish Outlook
Currently, the ADX value is 30.22, indicating a strong downward trend. High ADX values and position below all moving averages support the bearish forecast.
Risks and Selling Strategies
The investor diversifies assets, including $DOGE and $LDO. For retail investors, the question remains: is it time to sell Pepe Coin? Decisions should be based on thorough analysis of market trends and risk levels.
Whale movements in the crypto market may predict market corrections. Assess risks and goals carefully before making decisions.
