There is an analyst on the social media platform that is highlighted the level of an important support for the pep because it only encounters a significant draw from the hall of its hall. Based on the trends of historic price trends, the analyst has put the pep on the pep of the average draw of 64% in a row after each local peak. Running correction The peep has placed around this talented level, and coins is now in a diagnosis position where it maintains its help or resumes it on a upward royal or resumes it.
The historic drawwards of the pepe and 64% improvement patterns
Price data from coinkecko He tells the pep, the pep, famous popular Currently almost below For the high time of 67.3% of $ 0.00002803, which reached December 9, 2024. Especially in 24 hours Wide down In the crypto market.
Crypto analyst on social media platform X Highlighted a recurring pattern In the history of the price of pepes, it does not have to experience a stretch of about 64% of approximately 64% after each local peak before it is stability and garling. This trend is repeated several times at the weekly handful timeframe, strengthening a uniform cycle of sharp improvement and recovery.
Between the first Large between March and April 2024, when the property decreased by 63.75% after the property reached the high level of month. Improvements, while serious, to allow the pepper, at the end, the same scenario revealed the same scenario between May and July 2024, when coins its current best best best Pushing the best best faster.
As noted by analytor, this period has been proposed by 50 emma indicators after reaching a new high high high. At the time of writing, PEP is now trading around this EMA, and above it is important to avoid its ability to maintain its position. If the price keeps at this level, it may be Indicate the beginning of a recoveryWhile a strong breakdown below will start the pressure to sell more.
What is next for the price?
Overall cryptorative market cap Has declared by About 10% in the last 24 hours, contributing to Papi around the surroundings. This comprehensive market decline increases the risk of dispute with the breakdown of the average coin with 50 weeks falling at the end of the average (EMA). The latest weekly candle already shows signals of slipping below the level of this critical support, and if it is situated while selling the special pressure.
At the time of writing, the pep is trading on $ 0.0000099279, while 50-week IMight sits around 0.000011 points. It shows that the coin has already dropped before the support level. However, the situation is not completely poor. Given loud volatility in the last 24 hours, a quick market recovery can be transferred from customs as well as rewarding and Return to Retending Tip At $ 0.00001313.
Chart from Friendship Images, Tradingv Vis.com from medium
