Crypto: Pepe in danger, holders threaten the price!

The crypto market is a volatile terrain where trends can change in the blink of an eye. Currently, Pepe (PEPE) is going through a delicate period. The shift in its holders’ behavior raises concerns about its stability. With a decrease in trading volume and alarming technical signals, Pepe’s price could be in jeopardy.

Warning Signs of a Decline

The indicators don’t lie: Pepe’s Mean Dollar Invested Age (MDIA), a key indicator measuring the duration tokens remain in the same wallets, shows worrying signs.

A decline in this ratio indicates that tokens that were once inactive are now being moved. This phenomenon suggests that more and more investors might be selling, increasing the supply on the market and putting downward pressure on the price.

In parallel, Pepe’s trading volume has significantly dropped. When transaction volume decreases after a price increase, it suggests a weakening of the bullish trend.

Less investor participation could mean that Pepe’s recent rally is not supported, which foresees a potential price correction.

The Technical Battle: A Danger Zone for PEPE

Technically, Pepe is at a crucial crossroads. The price is struggling to stay above the 50-day Exponential Moving Average (EMA), a critical level that often determines the market’s direction.

The fact that Pepe fails to cross this threshold strengthens bearish prospects. Moreover, Pepe being trapped in a descending triangle, a pattern generally considered bearish, adds to the concern.

However, all is not lost. Hope remains if the whales decide to make a massive entry. Their intervention could reverse the current trend and push Pepe’s price to new heights.

The key lies in the activity of these major investors, who will have the final say on the direction Pepe will take in the coming days.

In short, Pepe’s fate is at a turning point. The behavior of holders, declining trading volumes, and critical technical levels suggest a period of turbulence. But as always in crypto, everything can change in an instant, and the whales could still save the day. Meanwhile, bitcoin returns above $63,000.