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Pep Holders, a community that supported broadly followed MEMECOIN based on EthereumThey saw an extension of their bear trajectory with another 6% decline today. The cryptocurrency with the theme of the frog is now experiencing losses in all time frames.
Last week it fell by 10.38%and intensified its monthly decline to 35%and year -on -year losses to 25.7%.
It means no Pep The investor who bought in 2025 is currently profitable.
46% of PEPE holders remain profitable through 25% YTD Bloodbath
Despite this decline, PEPE maintains its position as The third largest memecoin according to market capitalization For more than $ 3.9 billion, only Shiba Inu ($ 6.7 billion) and Dogecoin ($ 24.1 billion).
However, holders of PEP, commonly referred to as “PEPE Army”, seem to be steadfast in their commitment to memecoin.
Inotheblock data It reveals that 37% of PEPE holders have not been a single token in the last year, while 57% of the wallets contain 1 to 12 million PEPE tokens sitting in the storage.
In addition, PEPE whales check 75% of the token supply, with 46% of all holders remain profitable despite the current market conditions.
Krypto Investor JamesonXBT recently revealed that he had maintained his position of $ PEP for more than two years and expressed the certainty that his patience would be significantly rewarded.
Other merchant identified the bull pattern of the chart Designing potential 25% profit in one candle, similar to previous events with comparable formations.
Elon Musk’s 60m-View Pepe Meme Ignites Army’s Reversal Hope
Tesla CEO and billionaire Elon Musk, who is said to hold PEP, shared a meme with the theme of Pepe, who has accumulated more than 60 million views.
This development increased confidence between the PEPE army, who Link similar to MUSK profile image change In December, it was preceded by a massive assembly of the market ceiling of over $ 10 billion.
New York Post contributes to dynamics Published a Guide to Purchase for PEPEIt emphasizes its potential as long -term investment opportunities.
Bitcoin Investor and OKX EXCHANGE KEY SESTRATING ALSO observed that PEPE shows graph patterns Like two years ago, setting a bold goal of 800% of the move from current price levels.
The volume of trading also seems to be recovered for PEPE, with Coinglass data showing a transaction worth over $ 2.4 billion In the last 24 hours, which is an increase in 5.4% in this period.
The degree of financing in the derivative markets remained positive for three consecutive days, suggesting that traders may be in the nearby period of long positions on PEP.
Is PEPE’S RSI on 30.85 signaling the final surchanted reflection?
The PEPE/USDT daily chart shows that the token is currently trading around $ 0.00000929, which is 5.8% per day.
The price action is consolidated just above the key accumulation zone between $ 0.00000830 and $ 0.00000872, which was identified as a level of support during previous consolidation periods.
This series historically generated bull twists, as shown in mid -March and early May. RSI reads 30.85, approaching the surchanted area, suggesting that bear dynamics can decrease and potential reflection may develop.
This outlook is supported by a visible bull projection trajectory that curls up from the current levels and focuses on the potential repetition of the region $ 0.000000,000 if support is maintained.
Despite the previous bear signals from the RSI indicator, if the buyers regain control from this demand zone, PEP could initiate recovery towards the middle class resistance near $ 0.000000, with another potential up to a high value of $ 0.00002836.
However, a schedule below $ 0.00000830 would not move this scenario and revealed a lower support of around $ 0.00000525.
Contribution PEPE decreased by 35% this month, but 37% of the holders did not sell in a year – diamond hands or dead wallet? He appeared for the first time Cryptonews.
