Why PEPE's Price Surge Could Extend Beyond All-Time Highs
PEPE Gained More Than 25,000 Holders
The recent spike in PEPE holder base by over 25,000 within two weeks speaks volumes about the growing trust in the currency. This influx of new investors serves as a solid foundation for sustained upward price pressure.
Holders
PEPE had roughly 150,000 holders on February 6. On March 8, its number of holders had jumped to 175,000. A token that large amassing a 16% growth in holders in less than 2 weeks is impressive. The last time PEPE attracted so many holders in a short span of time, its price doubled in 15 days.
PEPE Profitable Holders Are Worth Watching
Currently, the proportion of PEPE holders making a profit stands impressively at 86%, equating to roughly 160,000 addresses. Just five days earlier, this figure was slightly higher at 91%. Such a dip is expected and normal, given the influx of new holders diving into the market amidst the coin's bullish momentum.
PEPE EMA Cross Brings A Bullish Signal
The potential for PEPE's price to continue its upward journey is highly anticipated. Should PEPE successfully surpass the resistance level of $0.0000089, it is poised to embark on a fresh bullish trajectory, potentially reaching the landmark price of $0.00001 in the near future. Achieving this price would mark a historic moment for PEPE, as it would be the first occasion it has attained a price featuring four zeros. If PEPE fails to hold above the support level of $0.0000069, there's a possibility of it descending to $0.000004. This would represent a significant downturn, equating to a 55% correction from its current position.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.