Will meme be wrapped back or fall on?

Pepe, the third largest meme in the Cript, in the last two weeks he waved in the last two weeks as a recent potential momentum.

Pepe (Pepe) held at a key level of support from $ 0.00,000, from 65% of its December of High December.

The decline erased almost 6 billion dollars from their market capital, which fell from $ 10 billion to $ 4.1 billion. This mirror is wider meme coin Mucket, how most tokens collapsed over the past two months.

Pepe’s sale coincided with a sharp drop of futures open interest, signaling reduced investor demand. The open interest has dropped with over $ 556 million in January to $ 258 million today. This metric tracks all unfulfilled orders and set the option to market futures, offering insight into market feelings.

On the positive side, many Pepe owners seem to hold their positions. Data from Coincarp It shows that the number of Pepe owners climbed to 404,100, more than 384,000 in the past month.

PEP technical technical prices send mixed signals

The daily shows that the price of Pepe drew from 0.00002828 dollars in December to $ 0.00,000. He recently formed a death cross sample as 50-day and 200-day weighted average average average, historical bear signal in technical analysis.

Consolidation in progress suggests that PEP can form a flag bear pattern, which characterizes a sharp drop, and then the period of the lateral movement. This form often signals further flakes.

Adding bear Outlook, Pepe fell under 61.8% of the Fibonacci level of retragul to 0.000011, indicating that the bears remain in control. These technical forms suggest a potential drop in 0.0000058 USD, the lowest level of swings recorded in August last year.

However, there is also a case for a beech turnaround. Pepe formed the fall pattern of wedge, with its trendy converging, often a precursor of burglary. If this scenario is played, Pepe could recover $ 0.000025, 150% win from your current level.