PEPE Price Surge: Is It Time to Sell? π
PEPE’s price has been on a continuous rise recently, reaching a new all-time high and leading the way for other altcoins. However, this surge may prompt investors to consider selling their holdings. Here’s what you need to know:
PEPE Investors Close to Selling π
- The Network Realized Profit/Loss indicator shows an increase in overall gains over the past month, suggesting that investors are selling their PEPE holdings to realize profits.
- Market Value to Realized Value (MVRV) Ratio indicates that profit-taking may be imminent, with PEPE’s 30-day MVRV at 38%, highlighting the potential for selling pressure.
- PEPE has historically experienced corrections at MVRV levels of 15% to 36%, which it is currently above, signaling a risk of significant profit-taking.
PEPE Price Prediction: Awaiting a Dip π
- PEPE reached a new all-time high of $0.00001430, but indicators suggest a potential decline, with a possible dip to $0.00001251 or $0.00001146.
- A fall to the 78.6% Fibonacci Retracement level could signal further selling pressure, potentially leading to a drop to the 61.8% Fib line.
- Rebounding off the 61.8% Fib line could pave the way for a recovery, similar to a previous bounce in mid-May that led to a price jump.
Hot Take: Stay Alert for Selling Pressure! π
As PEPE continues to soar, it’s crucial to monitor indicators that suggest a possible sell-off. Stay informed and prepared for potential price corrections in the near future.
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