🔸 Pepe reaches another ATH

The chart illustrates a notable pattern, where each new all-time high (ATH) was quickly followed by the formation of another ATH almost in the subsequent trading session.

Using the price range tool, it was evident that PEPE had risen over 33% between May 21 and the time of this publication.

At the time of writing, it was trading up over 1% at around $0.000015, marking another ATH.

Furthermore, the Relative Strength Index (RSI) indicated a strong uptrend, with a reading of over 75, indicating both bullish momentum and overbought conditions. There was also a recent increase in demand.

🔸 Pepe portal and volume increase

From May 15 to press time, the number of Pepe holders has increased by more than 12,000.

However, at the time of writing, this figure had risen to over 230,000, indicating a significant increase in demand for memecoin as more traders entered the market.

Furthermore, its trading volume indicated increased activity in recent days. Volume has consistently exceeded $2 billion, with a peak of over $4 billion seen on May 22.

At the time of going to press, the volume amounted to more than $1.5 billion. With such a high trading volume, Pepe could soon reach another all-time high (ATH).

🔸 Interest in Pepe is growing

Pepe's open interest revealed a recent upward trend. According to Coinglass, it had risen to almost $160 million at the time of writing.

The recent peak exceeded $163.5 million, marking the highest level in its history. This increase in open interest indicated a significant cash inflow into memecoin at this time.

2942176577#PEPE

Pepe will overpass Shib this week and Bonk next month..on track to dethrone Shiba in 2025.