Pepe continued his descending trajectory, reaching a six -month minimum of $ 0.00000670. Sustainable loss of Meme Coin significantly destroyed the trust of investors, which led to the fact that even the vague holders retreated.
The expanded subsidence created a complex environment, and the feelings remained in the vast majority of bear.
Peepe Investors lose hopes
Short -term holders (STHS) entered the market over the past month. Their participation fell from 11.5%to 7%, which is a decrease by 4.5%, which reflects the growing unwillingness to interact with PEEPE at current prices.
A long descending trend did not encourage traders, since any recent investment led to losses.
As a rule, the low presence of STH can be considered as a stabilizing factor, reducing volatility. Nevertheless, this case emphasizes the growing pessimism among PEPE investors.
The absence of a new tributary and the reluctance of the holders repeatedly suggest that feelings remain fragile, which even more puts off any potential recovery.
The Macrumist Pepe remains weak, with technical indicators that signal constant bear conditions. The relative force index (RSI) remained stuck in the bear area for more than a month, which indicates further pressure of sales.
The absence of an ascending impulse suggests that restoration remains unlikely in the near future.
In addition, the deterioration of wider market conditions increased the reduction of Pepe. Without changing macroeconomic or crypto -market trends, a coin of memes can remain under pressure. Until the key levels of resistance are violated, it is expected that the bearish dominance will remain.
PEPE DOWNTREND continues
The PEPE price fell to $ 0.00000670, holding more critical support in the amount of $ 0,00,000632. Sitting at a six -month low level, a four -month trend extended on a four -month trend does not show any signs of cancellation. If the bear continues, PEPE can lose its support and sink further.
Violation of 0.00000632 US dollars will probably lead to the fact that PEPE will fall below 0.00,000600 US dollars. This can increase losses by prompting the price of the next support of $ 0.00,000587. Without severe cancellation, Pepe can continue its descending trajectory, deepening the loss of investors.
The only way to cancel this bear prospects if Pepe restores the decisive resistance of 0.00000951 US dollars as support. A successful breakthrough above this level will increase the chances of returning the MEME coin to 0.00001,000 US dollars.
However, before this may happen, Pepe must first violate $ 0.00,000718 and $ 0,00,000839, both act as key levels of resistance to restoration.
