Pepe Price: Bearish Trend Amidst Market Correction

Pepe Price: tendencia bajista en medio de la corrección del mercado

Pepe Price, a notable meme coin, has entered a bearish trend following market corrections. This trend aligns with similar patterns observed in other meme coins, such as Dogecoin, Shiba Inu, and Floki.

Pepe Price, una moneda meme notable, ha entrado en una tendencia bajista tras las correcciones del mercado. Esta tendencia se alinea con patrones similares observados en otras monedas meme, como Dogecoin, Shiba Inu y Floki.

Profitability Among Pepe Price Holders

Profitability Among Pepe Price Holders

Despite the price decline, data from IntoTheBlock indicates that 72% of PEPE Coin addresses remain profitable. These addresses have acquired PEPE at prices below its current market value.

A pesar de la caída de precios, los datos de IntoTheBlock indican que el 72% de las direcciones de PEPE Coin siguen siendo rentables. Estas direcciones han adquirido PEPE a precios inferiores a su valor actual de mercado.

However, the 23% of investors facing losses pose a risk of increased selling pressure, which could exacerbate the ongoing bearish trend. The recent increase in outflows coincides with the price decline, suggesting heightened investor concerns.

Sin embargo, el 23% de los inversores que se enfrentan a pérdidas plantean el riesgo de una mayor presión de venta, lo que podría exacerbar la actual tendencia bajista. El reciente aumento de las salidas coincide con la caída de los precios, lo que sugiere una mayor preocupación de los inversores.

Continued Downward Trend

Continua tendencia a la baja

Over the past 24 hours, Pepe Price has experienced a significant price movement. As of European trading hours, it hovered around $0.0000095, marking an 8% decrease.

Durante las últimas 24 horas, Pepe Price ha experimentado un importante movimiento de precios. En el horario comercial europeo, rondaba los 0,0000095 dólares, lo que supone una disminución del 8%.

Volatility is evident, with the price ranging between $0.8924 and $0.00001052. If bearish trends persist, Pepe Price may encounter support at $0.000009 or extend the decline to $0.000008.

La volatilidad es evidente, con el precio oscilando entre $0,8924 y $0,00001052. Si las tendencias bajistas persisten, Pepe Price puede encontrar soporte en 0,000009 dólares o extender la caída a 0,000008 dólares.

Technical Indicators

Indicadores Técnicos

Technical indicators paint a bearish picture. The Relative Strength Index (RSI) of 25 suggests an oversold condition. The Moving Average Convergence Divergence (MACD) line at -0.00000049 remains below the signal line at -0.00000055, reinforcing the downward trend. Negative bars on the histogram indicate growing selling pressure.

Technical indicators paint a bearish picture. The Relative Strength Index (RSI) of 25 suggests an oversold condition. The Moving Average Convergence Divergence (MACD) line at -0.00000049 remains below the signal line at -0.00000055, reinforcing the downward trend. Negative bars on the histogram indicate growing selling pressure.

Pepe Price Chart by TradingView

Gráfico de precios de Pepe de TradingView

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