“Despite The Price Drop, Large Addresses, or “Wallets, Have Grown Their Pepe Holdings by Over 5% in the Past Month.”, – WRITE: www.coindesk.com
Pepe’s Price Swung Across A 16.5% Trading Range, UndersCoring How Fast Sentiment Can Flip in a Market IncreASING SENSITIVE TO GOOPOLITICAL AND MACROCONP.
Behind the Price Drop, However, Large Addresses Appear Unfazed. DATA FROM BLOCKCHAIN Analytics FIRM NANSEN SHOWS WALLETS HAVE INCREASED THEIR PEPE HOLDINGS by Over 5% in the Past MONT, SCOOPING UP TOKENS NOW VALUD.
Meanwhile, The Total Supply of Pepe on Exchanges Slipped to A Two-Year Low of Room 247.2 Trillion Tokens, A Near 3% Decrease Since The Start of July, Access.
Technical Analysis OverViewPEPE HAS STRUGGLED TO HOLD GANS AFTER TESESTING NEAR $ 0.0000106, Encountering Firm Selling Pressure that Pushed the Price Lower.
The Coin Found Support Around $ 0.00000965, Keeping IT from Sliding Further, Thought The Overall Trading Range Reflects Persistent Valativity, Accounting To Coindes Desate.
Charts Show A Descending Channel Shaping The Recent Price Action, With Selers Stepping in On Upward Moves. Trading Volumes Reveal A Pattern of Distribution During Price Spikes, Hinting that Traders Are Offloading Positions Racher than Building Fresh Longs.
However, Brief Rebounds and Surges in Buying Interest Suggest The Memecoin Isn’s Out of the Fight. A Burst of Volume Helped Lift Prices Modestly from Recently Lows, Signaling that Some Traders Still See Room for A Bouclic IF Broader Market Sentiment Improves.
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