Basheer_Algundubi
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Price Analysis of Coin #PEPE : Support and Resistance
General Trend
The price #PEPEUSDT experienced a sharp correction after a strong upward wave in early November, with the reversal starting from levels close to 0.00000670. The selling actions by whales, notably the complete liquidation of a portfolio that held $46 million of PEPE at its peak, exerted significant pressure on the price. This pressure was confirmed with the transfer of the whale's last balance to Kwandain on November 13, which formed a negative signal for speculators.
Key Technical Levels
Nearby Resistance:
0.00000500 – An important psychological level that has been tested several times as previous support.
0.00000520 – Dynamic resistance at the previous average of the upward movement.
Strong Resistance:
- 0.00000580 to 0.00000600 – A previous accumulation area that typically sees strong resistance when approached.
- Current and Target Support:
- 0.00000470 – The current level represents important support and has withstood some pressure recently.
- If this level breaks, the price may head towards 0.00000450 as the next target.
Market Sentiment Reading
Traders are concerned about the continued pressure #الحيتان , but the large trading volume during the correction indicates a potential entry of new buyers at lower levels. The coin still maintains strong social interest, which may support any recovery attempts.
The information above has been researched and summarized through personal effort and does not constitute investment advice.
$PEPE
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General Trend
The price #PEPEUSDT experienced a sharp correction after a strong upward wave in early November, with the reversal starting from levels close to 0.00000670. The selling actions by whales, notably the complete liquidation of a portfolio that held $46 million of PEPE at its peak, exerted significant pressure on the price. This pressure was confirmed with the transfer of the whale's last balance to Kwandain on November 13, which formed a negative signal for speculators.
Key Technical Levels
Nearby Resistance:
0.00000500 – An important psychological level that has been tested several times as previous support.
0.00000520 – Dynamic resistance at the previous average of the upward movement.
Strong Resistance:
- 0.00000580 to 0.00000600 – A previous accumulation area that typically sees strong resistance when approached.
- Current and Target Support:
- 0.00000470 – The current level represents important support and has withstood some pressure recently.
- If this level breaks, the price may head towards 0.00000450 as the next target.
Market Sentiment Reading
Traders are concerned about the continued pressure #الحيتان , but the large trading volume during the correction indicates a potential entry of new buyers at lower levels. The coin still maintains strong social interest, which may support any recovery attempts.
The information above has been researched and summarized through personal effort and does not constitute investment advice.
$PEPE
{alpha}()
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PEPE
0.0₅395
+0.25%
BTC
87,447.17
-0.30%