Journalist
Posted:
- Pepe returned to its price levels in November 2024, now negotiating at $ 0.00,0009235.
- A new portfolio has just opened a position of 250 billion pepe worth $ 2.31 million in the historic level.
The entire market continues to see a prolonged correction, but even faced the most difficult period compared to other cryptocurrencies. Pepe (Pepe) was no exception to this drop.
The PEPE price has returned to its price levels in November 2024, now negotiating around $ 0.00,000,890 after a extended sale compared to its December summits nearly $ 0.00002800.
PEPE currently oscillates just above the critical liquidity zone between 0.00000780 and 0.00000840 $.
It was an area which had previously acted as a launch for a gathering of 238% in November 2024, pushing PEPE at $ 0.00001839.
If history is repeated, this area could provide another high level of support, offering a long potential opportunity. This would be largely possible if the price sweeps the liquidity, resting below the sale at $ 0.00,0006.
Source: tradingView
A solid rebound in this liquidity zone could trigger another movement towards liquidity on the side buy at rest at $ 0.00002,200, with another increase potential for $ 0.00002800.
However, non-compliance with $ 0.00,000,600 could lead to another leg down, targeting deeper liquidity pockets almost $ 0.00,000,531 and potentially even lower.
Prices less than the liquidity of the sale could confirm the reversal before going for a long time. On the other hand, a liquidity scan on the side buy almost $ 0.00001785 could report an ideal outing for profits.
How could Pepe whales determine the next decision?
After this price drop, a new portfolio has just acquired 249.975 billion PEPE, worth $ 2.31 million, at $ 0.00,000,924. This major purchase could indicate an accumulation of intelligent money, signaling a potential reversal.
If buyers consider this as a purchase of intelligent skips and decide to intervene, Pepe could maintain above the aforementioned crucial levels, which led to a movement upwards up to $ 0.000010,5050.
However, if it is only a mid -range entry without monitoring, the price can decrease more to 0.00000880 and less or consolidate between $ 0.00,000,900 and $ 0.00000,950.
The next movement will be crucial to determine whether it is a background or a configuration for more inconvenience.
Source: Eyeonchain
A more in -depth analysis confirmed the strong correlation between the accumulation of whales and the PEPE price movements, as noted by the analyst Max on X (formerly Twitter).
When the report of tokens held by whales to those held by retail Trends upwards indicates an increase in whale assets. This suggests that the price of Pepe could follow. Conversely, when the whales unload at retail, the price decreases.
Currently, whales accumulate aggressively, while retail investors are sold, suggesting a potential for bullish progress.
Historically, this diagram precedes prices overvoltages, making the Pepe accumulation area an accumulation area. If this trend continues, Pepe could see a short -term rise.
