- PEPE has seen a significant increase in price during the past few days.
- As the social media volume and sentiment grew, so did the popularity of this token.
Pepe [PEPE] Over the last month, the market for memecoins became extremely competitive. In the last couple of days, however, things have changed in PEPE’s favor.
PEPE rises
PEPE has seen a 40% increase in price just this week. PEPE traded at $0.00001385.
In the past one month, PEPE’s price has been exhibiting multiple higher highs as well as higher lows. This is indicative of an upward trend. During this time, the price of PEPE advanced past every resistance level and was heading towards its previous all-time highest of $0.00001535.
Then it will have risen by 9.77%. next In a few days it may be able surpass its all-time record.
However, the CMF (Chaikin money Flow) for PEPE had fallen. The money flow into PEPE had decreased significantly.
RSI for PEPE also began to decline, indicating a waning of the bullish sentiment around PEPE.
Price could return to $0.00001149 to $0.00000898 in future if bearish pressure starts to increase on PEPE.
Memecoins’ popularity on social media is a major factor in determining their price.
AMBCrypto analysed Santiment’s data, and discovered that PEPE’s social volume had risen dramatically. This indicated that PEPE has grown in popularity over the past couple of days.
The weighted sentiment around PEPE was also significantly higher, which meant that there were more positive than negative comments.
The memecoin’s price may continue to increase if the popularity of PEPE increases.
The new addresses are now available
PEPE saw an increase in the velocity of its trading, which indicated that PEPE’s frequency had increased.
Nevertheless, PEPE’s network has grown less.
Is your portfolio green? Look at the PEPE Profit Calculator
PEPE’s network has experienced a significant decline in the number of users.
PEPE’s recent rally might be affected negatively if it continues to lose new addresses.
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Source: ambcrypto.com