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The Pepe (PEPE) coin has recently flashed a buy signal on its weekly chart using the TD Sequential indicator, which indicates a potential trend reversal. Nonetheless, the crypto asset has been locked in a lengthy downtrend. PEPE is trading at $0.00000985 (Feb 14, 2025), down 1.21% in the last 24 hours.
The current price action portrays PEPE in consolidation around $0.00000985, with decent resistance levels above at $0.00001395 and $0.00002108. The buy signal from the TD Sequential suggests potential reversal, but breaking these resistance zones is essential for any continuation upwards. If not, the current downtrend may continue.On top of that, the Relative Strength Index (RSI) is at 35.56, which signals that PEPE is nearing oversold levels, blurring the recovery prospects even further.
Declining Transactions Signal Weak Market Interest, Hindering Recovery
Only 782 transactions were logged on February 13, 2025, tiny compared to all-time highs, and transaction volumes have continued to decline. Such a decline reflects lesser participation from traders and investors, which might stall short-term growth. A lower engagement is a sign of lower market interest, thus hindering the asset from breaking through. The four-hour chart shows that the current bearish trend will not reverse without a boost in transaction activity. For any recovery potentials and signs of life from participating, a steady uptick in volume is needed.
Indication of Loosening Market Interest?
The number of transactions has been falling as well. As of February 13, 2025, just 782 transactions had been recorded—a far cry from previous peak levels. Such a decline shows decreased interest from traders and investors, suggesting that short-term growth may be stunted. We crave enough positive action to not block a meaningful recovery, as in the wall ahead.
As seen from the four-hour chart, the transaction volume indicates that the asset should witness a massive number of transactions to break its current bearish state, which could bring those who have not engaged with the asset back, possibly to have a buy position, which will drive the price in a bullish direction.
Is the Confidence of Big Holders in PEPE Waning?
Large holders, also labeled as ‘whales,’ have been seen as hesitant about PEPE‘s future. Net flows from these major investors have been highly volatile, reflecting indecisiveness. Holdings among large investors have been cut by 35.93% over the last 7 days, and the 30-day change is up 67.75% on the books. Yet, the 90-day change shows a significant decrease of 57.86%, indicating a cautious long-term view. This reluctance displayed by large holders could impede PEPE’s capacity to uphold any bullish movement and further propagate the downtrend in such a demanding market.
The Uncertainty of PEPEs Trajectory
All in all, even though the TD Sequential indicator gives a bullish signal, the overall trend is still down for PEPE, while activity on the chainside, in terms of active addresses and transaction volume, are declining. PEPE, despite having been seeing an upward trend since mid-September, remains at risk for the near future due to RSI signaling approaching oversold conditions and significant holders adopting a more defensive posture. Over the next few days, filters will be set for PEPE to cross these obstacles and turn around on a sustained basis.
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FAQs
1. Which memecoin is falling in value?
Big investors are dumping, taming demand. Declining user activity and poor trading volume also make it difficult for the coin to bounce back.
2. Will this token recover soon?
That hinges on breaking resistance levels and greater trading activity. If demand from users increases, the price may level off or rise.
3. Is there a reason for small investors to worry?
Yes, the fall in transactions and whale disposals implies uncertainty. Using the meta’s resistances and market factors is essential prior to investing.
4. What signs are there that a reversal of the trend is underway?
The TD Sequential buy signal signals potential reversal, but the talk of resistance levels and dropping engagement leads to doubt as to whether any uptick can be sustained.
Glossary of Key Terms
TD Sequential Indicator: A technical analysis indicator that identifies potential trend reversals and buying/selling opportunities in an asset’s price movement
Resistance levels: These represent specific price points where selling pressure tends to outweigh buying interest, making it more difficult for an asset to push higher without any substantial momentum.
Relative Strength Index (RSI): A momentum indicator that measures the velocity and the changes of price movements, indicating whether an asset is overbought or oversold.
Whales: Individuals with a large amount of cryptocurrency in their possession or hands, enabling them to move the prices with their buying and selling of huge amounts.
Daily Active Addresses: the number of unique addresses on the blockchain conducting any transactions in a day, often used as a measure of user engagement and market activity.
Market Downtrend: Period of sustained decline of an asset where the price keeps going down, usually due to negative whale sentiment, weak demand, or major investors selling off their holdings.
Memecoin: A cryptocurrency based on internet memes that often has a lot of community support but is usually much more volatile and speculative than other kinds of digital assets.
