Pepe Coin’s Golden Cross: Is It The New Crypto Goldmine?

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Well, well, well… look who’s back on the rise! Pepe coin (PEPE) has been on a winning streak, climbing up for four straight days like it’s got something to prove! 😏 Apparently, “smart money” investors are buying the dip like it’s a Black Friday sale! Oh, and by the way, Ethereum decided to break through that $2,600 resistance like it was a wet paper bag. 💥

Let’s break it down: Pepe went from a puny $0.000011 last week to a dazzling $0.00001285. Not bad, right? And guess what? The 24-hour trading volume shot up by a whopping 40% to $1.05 billion! I mean, if that doesn’t scream “cha-ching!” I don’t know what does. 💸

What’s the reason for this? Well, the crypto market crash got tired and decided to take a break, allowing some green to sneak back in. Bitcoin (BTC) went up from $103,000 to $105,400, and Ethereum (ETH) decided to flex its muscles and hit $2,650. Not too shabby for a couple of overachievers!

But here’s the kicker—Pepe is basically glued to Ethereum’s price movements like a puppy to its owner. Why? Because it’s the second-biggest meme coin in its little ecosystem after the legendary Shiba Inu (SHIB). Remember last November when it crashed by 81%? Yeah, that was when Ethereum went from $4,000 to $1,300. It’s a rough world out there!

So, why the sudden boost? Well, on-chain data is showing that both smart money and retail investors are throwing their cash at Pepe like it’s the hottest thing since sliced bread. The number of PEPE holders has jumped to a cool 446,000, up from just 366,000 in January. Talk about a fanbase upgrade! 🥳

But wait, there’s more! Nansen data reveals that smart money has been hoarding Pepe coins like they’re the last batch of toilet paper in a pandemic. The tokens held by smart investors have surged by 150% in the past 30 days to 642 billion coins. Meanwhile, the whale-sized holders have increased their stash by 4%, reaching a total of 10.06 trillion coins. Clearly, these whales are expecting some big gains ahead. 🐋

But wait, there’s still more good news. The supply of Pepe coins on exchanges has been steadily dropping like your favorite snack when no one’s looking. It’s down to 104.85 trillion from a hefty 160 trillion at the start of the year. A decreasing supply means one thing: investors are hoarding, not selling. So, get ready for some serious FOMO! 😱

Pepe Price Technical Analysis

So, what does the chart say? Well, according to the daily chart, Pepe’s been making a comeback since it hit $0.000005815 in April. It’s now sitting at $0.00001260 and has formed something called a “golden cross.” No, not a treasure map, but a technical chart pattern that usually signals a long-term bullish trend. So, if the price breaks above the resistance at $0.00001615 (the May high), we could be looking at a 123% increase to $0.00002830. But hey, if it falls below $0.000010, all bets are off. 🙅‍♂️

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2025-06-03 17:30