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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Can PEPE Rise to 0.00002 USD in the Future?
PEPE investors have restrained from selling in large quantities, creating a scenario that could support recovery after the recent price drop. Reduce Selling Pressure The decrease in PEPE's deposit activity over the past few weeks is a positive sign, indicating a decrease in selling pressure from hodlers. The lower deposit level than usual reflects a reduction in asset liquidation, creating room for stability and recovery of cryptocurrencies.
Despite PEPE's difficulties in recovering in the context of market downturn, minimizing selling activity remains an important factor supporting prices and creating opportunities for recovery. As deposits continue to decline, PEPE will have the opportunity to consolidate and recover in the coming days. NVT Ratio Impact on Macroeconomic Dynamics The macroeconomic momentum of PEPE is also influenced by the recent increase in the Network Value to Transactions ratio (NVT), an indicator reflecting the correlation between network activity and transactions. The increase in the NVT ratio can often trigger price adjustments, contributing to the slowdown in PEPE's recovery in the current pessimistic market context.
However, when the NVT ratio stabilizes and network activity improves to accommodate transaction volume, PEPE may find the necessary support to begin the recovery process. PEPE Price Prediction: Important Support Level PEPE is currently trading around $0.0000163, after failing to hold the $0.0000169 support level over the past 48 hours. This is an important support level, and maintaining it is essential for PEPE's recovery potential. If this support level holds, PEPE could target the next goal of $0.00002.
If unable to reclaim $0,000069 and flip it into support, PEPE risks dropping to $0,0000148, reducing investor confidence.
DYOR! #Write2Earn #Write&Earn $PEPE {spot}(PEPEUSDT)