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PEPE: 2 key factors point to a potential rally ahead


  • Balena pepper activity jumped 73% to $ 141.81 million in 24 hours.
  • Liquidity clusters and increasing interest of interest open to a potential price refund.

Pepper [PEPE] Bales became more active, with chain edge data showing a massive 73% surge in large transactions to $ 141.8 over the last 24 hours.

This big spike in great transactions come to the moment when the price of the memein is tried a critical Flag area of ​​support.

Generally, such trends indicate a potential activity of continuing or reversion can be hit the tables towards the latest.

Source: IntheBlock

The timing of this whale accumulation is key. As the widest market sparks mixed signals, the critical critical pipe critics they appear to be firmly.

Support level gave a strong rejection, as evident from 4% daily in the press time.

Open interest adds the case sent in the change

Another strong bullish sign is the sudden shot in the opening interest of pepper. The metric reflects the total number of active future contracts and is often a proxy for the market feeling.

In the case of pepper, the increvenitor and investors in the investors are positioned by moving movement for a valuable movement, especially of increased paging transients.

So, the convergence of string of string and technical position is not something to be easily ignored.

Source: Coinglass

Liquidity clusters support bulish bias bias

Positive liquidity data adds the feelings stuffed pepper.

The writings of the membership concentrate liquidations of the highest-suggestion levels of the short positions taken on the levee could squeeze if the price is breaking over.

In the further tempes, the cultles tend to act as magnets, tirans the prices towards them as the markets hunts the liquity.

Source: Coinglass

All of them together, a positive whale accumulation, and a include in opening, the denies of interest open to an invisorejietary potential for pepper.

A straight refund from here could spark a powerful movement in height is especially if the feeling keeps in trend higher.



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