Pepe Coin’s Wild Ride: Will It Bounce Back?

by

🤣 “Pepe Coin’s Wild Ride: Will It Bounce Back? 🎢”

Pepe Coin’s Wild Ride: Will It Bounce Back?

It’s been a bit of a bumpy ride for Pepe Coin, old chap. A month-long downtrend and a week-long consolidation with the occasional spike – it’s been a bit of a rollercoaster, if you ask me. 🎠

But fear not, dear reader! Ali Martinez, a chap who knows his technicals, has spotted a buy signal on the weekly chart. It seems the TD Sequential indicator is flashing a green light, saying “Come on in, the water’s fine!” 🌊

“$PEPE is showing signs of a potential rebound as the TD Sequential indicator flashes a buy signal on the weekly chart.” – Ali (@ali_charts) February 12, 2025

And it’s not just Ali, old bean. PEPE’s market capitalization has risen by a whoppin’ 2% to $4.12 billion in the last 24 hours, indicating that investors are getting back in the pool. 🏊‍♂️ The 24-hour trading volume has surged by 21.67%, reaching $975.99 million, suggesting that traders are ready to jump in. 🎉

Other analysts are also chiming in with their two pence. CryptoELITES has shared a chart showing that PEPE’s price is moving within an ascending channel, following a parabolic trajectory. After a recent pullback, it appears to have found support at the 0.786 Fibonacci retracement level, priced at 0.00008392 USDT. This suggests that the possibility of continued upward momentum is looking rather promising. 📈

Pepe is about to make a big move very soon!

Short-term target: 8X$Pepe #Pepe #Memecoin

— @CryptoELlTES (@CryptooELITES) February 11, 2025

But, of course, there’s a catch, old chap. 37% of the total supply is currently being controlled by the top 10 wallets, according to Etherscan. The largest wallet alone holds 13% of the supply. This means that a small group of holders has rather a lot of influence over the token’s market. 🤝

Read More

2025-02-13 15:54