{"id":142704,"date":"2023-09-01T19:08:43","date_gmt":"2023-09-01T13:38:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=142704"},"modified":"2023-09-01T19:08:43","modified_gmt":"2023-09-01T13:38:43","slug":"pepe-bleeds-can-late-sellers-still-benefit-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pepe-bleeds-can-late-sellers-still-benefit-crypto-news\/","title":{"rendered":"PEPE bleeds: Can late sellers still benefit? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i><span style=\"font-weight: 400\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">PEPE posted week-on-week double-digit losses since 15 August.<\/span><\/em><\/li>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">Open Interest rates spiked as demand improved at $0.00000084.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/PEPE\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Pepe [PEPE]<\/span><\/a><span style=\"font-weight: 400\"> has seen week-on-week double-digit losses. Between 14-20 August, the memecoin shed around 18% and was down 20% between 21-27 August. Bulls attempted to defend the $0.00000084 support at press time, but late sellers could land an opening.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">Is your portfolio green? Check out the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/pepe-profit-calculator\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">PEPE Profit Calculator<\/span><\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">Interestingly, PEPE decoupled from <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Bitcoin [BTC]<\/span><\/a><span style=\"font-weight: 400\"> between 10-14 August and followed other contrarians like <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/SHIB\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Shiba Inu [SHIB]<\/span><\/a>. <span style=\"font-weight: 400\">PEPE posted over 25% gains against BTC\u2019s over 3% losses over the same period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But the bearish pressure from mid-August caught up with the memecoin, tipping sellers to reap big.\u00a0\u00a0<\/span><\/p>\n<h4>Can late sellers enjoy some action?<\/h4>\n<div id=\"attachment_338446\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPEUSDT_2023-08-25_14-39-39.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-338446\" class=\"size-full wp-image-338446\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPEUSDT_2023-08-25_14-39-39.png\" alt=\"PEPE price analysis\" width=\"1950\" height=\"1109\" \/><\/a><\/p>\n<p id=\"caption-attachment-338446\" class=\"wp-caption-text\">Source: PEPE\/USDT on TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">The breaker block and resistance zone, near $0.00000136, initiated the price reversal in mid-August. The breach of the next support level of $0.00000105 emboldened sellers to seek more ground beyond the $0.00000084.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But the bulls appeared determined to defend the $0.00000084 level as of publication time. If so, PEPE could push forward but falter at the daily bearish order block (OB) of $0.00000104 \u2013 $0.00000113 (red).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The bearish OB also aligned with the previously cracked $0.00000105 support. So, the area is a bearish zone and could set PEPE to a price reversal. Such a move could offer late sellers re-entry positions at $0.00000105, with a take-profit target at $0.00000084.<\/span><\/p>\n<p><span style=\"font-weight: 400\">An H4 candlestick session close above the daily bearish OB ($0.00000113) will invalidate the short set-up.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The RSI and CMF were negative but registered upticks, demonstrating signs of a possible short-term reversal to the upside.\u00a0<\/span><\/p>\n<h4>Are near-term bulls out to play?<\/h4>\n<div id=\"attachment_338447\" style=\"width: 1788px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPE-CVD-OI.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-338447\" class=\"size-full wp-image-338447\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"1778\" height=\"1007\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPE-CVD-OI.png 1778w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPE-CVD-OI-300x170.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPE-CVD-OI-1024x580.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPE-CVD-OI-768x435.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPE-CVD-OI-1536x870.png 1536w\" data-lazy-sizes=\"(max-width: 1778px) 100vw, 1778px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPE-CVD-OI.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-338447\" class=\"size-full wp-image-338447\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PEPE-CVD-OI.png\" alt=\"\" width=\"1778\" height=\"1007\" \/><\/a><\/p>\n<p id=\"caption-attachment-338447\" class=\"wp-caption-text\">Source: Coinalyze<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">According to Coinalyze, the CVD (Cumulative Volume Delta) spiked on 25 August, reinforcing bulls\u2019 fight for market control as they sought to defend the $0.00000084 level.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">How much are <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-pepe-to-usd\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">1,10,100 PEPEs worth today<\/span><\/a><span style=\"font-weight: 400\">?\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">The above bulls\u2019 efforts were marked by a jump in Open Interest (OI) rates from $10 million to around $20 million \u2013 double the increase within hours. That\u2019s a massive demand for PEPE in the derivatives market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The short-term bullish bias in the futures market could fuel PEPE to grace the daily bearish OB. Traders should track BTC movement before shorting the memecoin.<\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion. PEPE posted week-on-week double-digit losses since 15 August. Open Interest rates spiked as demand improved at $0.00000084.\u00a0 Pepe [PEPE] has seen week-on-week double-digit losses. Between 14-20 August, the memecoin shed around 18% and was [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":142705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-142704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=142704"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142704\/revisions"}],"predecessor-version":[{"id":146552,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/142704\/revisions\/146552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/142705"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=142704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=142704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=142704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}