CandleFocus PEPE Potential 60% Price Increase Could Be Cut Short By This Signal
2024-09-24
Author: Content Editor
The price of Pepe (PEPE) has increased by 10.87% in the past seven days, but a notable signal suggests that a sell-off or profit-taking may occur. On-chain analysis shows a significant increase in realized gains, indicating that investors are cashing out and potentially putting downward pressure on the price. Additionally, the Coins Holding Time metric has decreased, suggesting selling pressure. Technical indicators, such as the Ichimoku Cloud and the Balance of Power, also indicate a possible pullback in the price. However, if the realized gains decrease, there may be room for price appreciation in the short term.
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