- In the last 1 year, PEPE gave huge returns of 630% to its investors.
- The fear and greed index of the PEPE coin was at 29, which indicated fear among the investors.
The PEPE coin price was highly volatile, resulting in a volatility of 15.33%. This could lead to uncertain future spikes in the coin’s price. Also, the crypto sentiment had become bearish, as per the analysts.
PEPE coin’s market cap traded flat over the last 24 hours, resulting in a market cap value of $3.386B. This further made it the 25th largest cryptocurrency in the global crypto market.
Additionally, there was a decline of 44% in the crypto’s traded volume. This resulted in a traded value of $1.159 Billion in the last 24 hours from press time.
It was followed by a huge liquidity of 34.32%, making buying and selling the coin in different market conditions easier.
The coin’s circulating supply was 420.689 Trillion as of writing, which was 100% of the maximum and total supply. This further resulted in a fully diluted market similar to its spot market cap.
PEPE coin also had a strong market presence, as its market cap dominance was 0.17%. PEPE had a total of 269K holders, and 45.5% of the total supply was held by the top 10 holders.
The coin’s number of holders has consistently advanced over time. Also, the largest crypto holder alone held 22.1% of the total supply, resulting in 92.975T PEPE.
PEPE Coin Derivatives Data Analysis
Almost equal amounts of longs and shorts were liquidated in the coin price over the last 24 hours. This showed a sign of volatility in the PEPE coin’s price.
The value of derivatives traded volume has declined over the last few days. In the previous 24 hours, a decline of 52% was recorded. This resulted in a traded value of $996.96 Million and represented a decline of traders in the coin derivatives.
Following this, the open interest in crypto also declined by 21%, representing a decline in the number of open positions.
PEPE Coin Technical Analysis
The PEPE price witnessed profit booking over the last few days. It declined by 55% in the last two and a half months. This showed that the sellers dominated the coin’s price.
Additionally, the declining behavior of the coin price led to a falling wedge pattern on the daily chart. The crypto price further declined below the same pattern, followed by a strong bearish candle formation.
PEPE Coin Technical Indicators Overview
The 50-day and 200-day EMAs traded in a golden cross, while the 20-day and the 50-day EMAs formed a death cross. This exhibited a bearish trend in price in the short term, and it declined below the 200-day EMA.
PEPE/USD Chart by TradingView
The MACD indicator showed a strong sell signal on the chart as the MACD and the signal line declined in a negative trajectory.
The RSI also hit the oversold zone and traded at a level of 36 at the time of writing. It also declined below the 14-day SMA and was sustained on a negative trajectory.
The PEPE coin price might take support at the levels of $0.000001090 and $0.00000401. This was followed by the resistances of $0.00001310 and $0.0000170.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
