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The new month recorded the market participants to turn the surrender to accumulation and bring the new bull PEPE Price Outlook How the level of volume of peaks invisible since the beginning of June.
The volume of transactions in the last 24 hours has pushed over $ 1.4 billion The same corner to 15% profit for the beginning of July and seems to be driven more than purely retail flows
Whales are the main contributors to this accumulation and, according to the last month, increase their shares by more than 5% to $ 7.95 billion, according to Nansen data.
Intelligent money usually moves in front of the market and records interest in the Moon to appear as a potential point of conversion, as PEPE remains 60% below its high number of 2024.
The total PEPE offer on the stock exchanges also dropped to the lowest level in more than two years and dropped to 246.82 trillion – 2.66% drop since the beginning of July.
Less tokens on stock exchanges usually signal a shift towards placing because investors are shifting holding into self -confidence.
PEPE Analysis: Is it the beginning of pressure to $ 1?
At the beginning of July, Pepe pushed the increase to test critical support to 0.00001035 USD-converted barrier to confirm the escape of the six-month cup and handle.
After completion of the ABC correction phase, the potential Elliott wave structure is in mid -June as a probable local bottom and prefers the bull continuation in a wider pattern trend.
The momentum indicators tell a similar story: buying pressure returns.
For the first time, RSI kept a permanent upstrend from the beginning of the descending handle, which forms the handle, now sitting just below the neutral line to 49, when the buyer enters back.
MACD also flashes bull signals. While the daily chart has already confirmed the Golden Cross, the three -day time frame could soon follow, suggesting a potential longer -term uptrend.
More so, MacD on the way to crossing the signal line in a potential golden cross. Although it has already been created on a 1 -day chart, the three -day timeframe shows a longer -term uptrend.
If the price of PEPE is definitely closed above $ 0.00001035, the formula projects the technical target in accordance with 1.618 Fibonacci levels to $ 0.0000002160 – 117% of the current level profit.
A sought -after target of $ 1 is likely to depend on permanently long -term growth powered by increased adoption and deflationary measures such as token burns, due to the current MEME Coin market ceiling.
However, if it fails, PEPE risks a false escape and continuing its current descending race.
Other key support of 0.0000079 $ – balanced with the end of the previous Elliott wave structure – usually signals a deeper correction.
This story under the radar could shape another bull market winner
The last bull running collapsed when the FTX was now exposed to abuse of customer resources-relation on further bull running will emphasize security and self-harm.
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Contribution PEPE PRICE PREPARATION – Whales accumulate rapidly because the volume explodes around $ 1.4 B: Is it still in PEPE $ 1? He appeared for the first time Cryptonews.
