PEPE prices: Potential for Significant Gains Amid Weakness
Despite the current weak market signals, PEPE prices have the potential to see significant gains in the near future.
Impacts of Falling PEPE Prices
The recent dip in PEPE prices has resulted in substantial supply losses, amounting to millions of dollars. Global investors have also been affected, with an overall income supply decline of 72%. This low return scenario has not been seen since early August and February 2024, indicating heavy losses for investors over the past six months.
With the recent price drop from 0.00001000 to 0.00000718, PEPE has experienced significant losses. The Global Inflows/Outflows of Money (GIOM) indicator shows that revenue losses during this period amounted to approximately 123 trillion PEPE, valued at nearly $880 million at current prices. Despite this decline, there is still potential for this supply to become profitable again.
PEPE Price Prediction: Breakout Expected
Currently trading at $0.00000718, PEPE is within a falling wedge pattern after a failed breakout attempt in July. This pattern could signal a bullish trend, with a potential breakout leading to an 80% rebound. The target price of 0.00001725, the highest for the year, could be reached if the breakout occurs successfully.
However, failing to break above the upper trendline could result in a further decline, potentially breaking the $0.00000633 support and falling to $0.00000474, negating the bullish scenario.
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