Pepper
One of the most important parts, has difficulty having interest in investors, down 4.7% in the last 24 hours to 0.000009499, according to the Technical Analysis model of Coindesk Research.
As for the wider sector of the same, the Memecoin Coindesk index is down 3.87% during the last 24 -hour period.
The sharp drop in the token marks a continuation of its recent downward trend, which was marked by intense volatility and a strong intraday sale.
Formerly a darling with a viral momentum and even a brief sign of Elon Musk on April 9, Pepe has since slipped into the influence of the market while attention returns to Bitcoin. Musk had briefly adopted a profile photo on the theme of Pepe that day, a decision that sent waves through the currency space. However, the threshing media has largely disappeared.
This slowdown is part of a broader change in cryptographic markets, where Bitcoin domination has now exceeded 65%, a level that we do not see in two years. The trend suggests that the growing preference of investors for BTC compared to smaller altcoins, especially during periods of uncertainty and drop -down risk. This change is treated acutely by high beta active ingredients like Pepe.
Despite brief price rebounds, Pepe remains under pressure, facing resistance nearly $ 0.00001013. Its inability to maintain gatherings reflects a wider rotation far from the coins, and its future performance can depend on whether the feeling of the market returns to the risky assets or remains anchored in names of great capitalization.
Strengths of technical analysis
- PEPE-USD exchanged in a 16.1%range, from 0.00001017 to $ 0.00000940 between June 25 09:00 and June 26, 08:00 UTC.
- Strong resistance was formed at $ 0.00001013 during the large sale between June 25 2 p.m. and 4:00 p.m. UTC.
- A short -term support area developed at 0.00000946 to $ 0.00,000,950, where the price has rebounded several times on a moderate volume throughout June 25 and at the beginning of June 26.
- During the last 60 minutes of the analysis window, from June 26, 07:07 to 08:06 UTC, Price went from 0.00000959 to $ 0.00000,955.
- A peak of 91.9 Billions of units at 07:17 UTC on June 26 coincided with a brief rally of 3.1%.
- Prices dropped by 0.9% in the last minutes before the end, reflecting the profit taking in the short term.
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