PEPE course loss of 35% in October: Despite declining developments, 37% of the owners remain optimistic in the long term, while the RSI is in an oversold area with 30.85-Elon Musk's viral meme causes a sensation.
PEPE course loss of 35% in October: Despite declining developments, 37% of the owners remain optimistic in the long term, while the RSI is in an oversold area with 30.85-Elon Musk's viral meme causes a sensation.
market analysis: Pepe lists 35% decline - majority of the owners remains calm
In the current month, the cryptocurrency market has observed a striking decline in the PEPE token, which recorded a loss of 35%. This has taken care of this, but the data show that 37% of the owners have not sold their pepe tokens for over a year. This behavior indicates a long -term stopping strategy that can often be observed in times of the market decline.
A look at the relative strength index (RSI) shows that the value of Pepe has currently reached the 30.85 mark, which indicates oversized conditions. A low RSI value can signal that an asset may be undervalued and a trend reversal could be imminent.
The decline of Pepe coincides with the viral spread of a memes of Elon Musk that once again aroused interest in cryptocurrency. Such social media interactions can have a significant impact on the market, which is why the community remains aware.
In summary, it can be said that despite the considerable decline in the price of PEPE, a significant number of investors record on their stocks. This could indicate the trust in the future development of cryptocurrency, while market analysts observe the situation closely.