Change in Pepe (PEPE) Holders Behavior Raises Red Flag for the Price

BE[IN]CRYPTO08-27

The decrease in Pepe's Mean Dollar Invested Age and trading volume suggests potential challenges. With PEPE's price facing resistance at the 50-day EMA, its price could drop to $0.0000077. However, ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChange in Pepe (PEPE) Holders Behavior Raises Red Flag for the Price\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-27 03:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/pepe-holders-behavior-raises-red-flag-for-price/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The decrease in Pepe's Mean Dollar Invested Age and trading volume suggests potential challenges.\nWith PEPE's price facing resistance at the 50-day EMA, its price could drop to $0.0000077.\nHowever, ...</p>\n\n<a href=\"https://beincrypto.com/pepe-holders-behavior-raises-red-flag-for-price/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4125","symbol_name":"广播","start_time":0,"source_url":"https://beincrypto.com/pepe-holders-behavior-raises-red-flag-for-price/","article_id":"2462290939","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/06/bic_pepe_frog_coins-covers_neutral-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2462290939","pubTimestamp":1724700600,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"The decrease in Pepe's Mean Dollar Invested Age and trading volume suggests potential challenges.With PEPE's price facing resistance at the 50-day EMA, its price could drop to $0.0000077.However, significant whale activity could reverse the current bearish trend and push the price higher. Although PEPE had a sluggish start this month, its price still managed a 25% increase. However, the bullish momentum around the meme coin has waned over the last 24 hours, raising questions about the sustainability of its recent rally.According to several key on-chain metrics, PEPE may struggle to maintain this momentum.A key metric suggesting this is the Mean Dollar Invested Age , which tracks the average period a cryptocurrency has been in the same wallet.However, when volume drops after a notable price increase, it suggests that the upswing may not persist.However, the price remains above the 20-day EMA . Given the recent red candlestick, there’s a risk of the price falling below this shorter-perio","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4125":"广播","MDIA":"Mediaco Holding Inc."},"translate_title":"佩佩(PEPE)持有者行为的变化引发了价格的危险信号","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDIA":1},"content_text":"The decrease in Pepe's Mean Dollar Invested Age and trading volume suggests potential challenges.\nWith PEPE's price facing resistance at the 50-day EMA, its price could drop to $0.0000077.\nHowever, significant whale activity could reverse the current bearish trend and push the price higher\n\nAlthough PEPE had a sluggish start this month, its price still managed a 25% increase. However, the bullish momentum around the meme coin has waned over the last 24 hours, raising questions about the sustainability of its recent rally.\nAccording to several key on-chain metrics, PEPE may struggle to maintain this momentum.\nPepe Investors Put More Tokens in Circulation\nA key metric suggesting this is the Mean Dollar Invested Age (MDIA), which tracks the average period a cryptocurrency has been in the same wallet. \nWhen the MDIA increases, holders keep the same tokens in the same wallet. Conversely, a decreasing MDIA indicates that previously dormant wallets are now moving back into circulation. \nRead more: 5 Best Pepe Wallets for Beginners and Experienced Users\nPEPE 90-Day Mean Dollar Invested Age. Source: Santiment \nWhile the former is a bullish sign, the latter is a bearish one. According to Santiment, PEPE’s 90-day MDIA was 42.30. At press time, it had decreased, indicating rising trading activity and a potential price drop.\nAdditionally, trading volume has declined, currently sitting at $613.26 million. Typically, rising volume alongside a rising price strengthens the uptrend.\nPEPE Trading Volume. Source: Santiment\nHowever, when volume drops after a notable price increase, it suggests that the upswing may not persist.\nPEPE Price Prediction: Critical Resistance Close\nAccording to the daily chart, PEPE’s price faces resistance around the 50-day Exponential Moving Average (EMA), shown in yellow. The EMA indicates a cryptocurrency’s trend direction. Currently, the meme coin trades slightly below this level, suggesting a potential bearish trend.\nHowever, the price remains above the 20-day EMA (blue). Given the recent red candlestick, there’s a risk of the price falling below this shorter-period indicator.\nAdditionally, the token is yet to break above the descending triangle pattern. If this continues, the frog-themed meme coin could see a price drop, with the next target near $0.0000077.\nRead more: What Are Meme Coins?\nPepe Daily Analysis. Source: TradingView \nThis outlook could change if crypto whales start accumulating the token in large volumes. In that scenario, PEPE might break above the descending triangle, potentially reaching $0.0000098.\n\n\n\n\nBest crypto platforms in Europe | August 2024\n\n\n\nYouHodler\nExplore\n\n\n\n\n\n\nWirex App\nExplore\n\n\n\n\n\n\nM2\nExplore\n\n\n\n\n\n\nCoinbase\nExplore\n\n\n\n\n\n\nBYDFi\nExplore\n\n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | August 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nWirex App\n\n\n\n\n\n\n\n\nM2\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2462290939"}