PEPE is heading to A New All Time High
PEPE reached another high a few days ago and doesn't seem to be going to stop there.
Growing optimism is pushing the coin to new heights.
Large holders are accumulating PEPE
According to data from analytics platform Santiment, large wallet holders are actively accumulating PEPE after a long period of selling. In the past two weeks, they have purchased 2 trillion coins worth more than $25 million. If the whales remain positive, the price of the memcoin will rush towards ATH.
In addition, nearly 30 trillion PEPEs bought at prices ranging from $0.00001300 to $0.00001800 are currently on the verge of profitability. In order for these coins to move into the green zone, the altcoin must reach a new peak.
PEPE price forecast: a new record is just around the corner
At the time of writing, PEPE is trading at $0.00001525, having rebounded from $0.00001369. To renew the all-time high, the memcoin must overcome the $0.00001725 level and reaffirm it as support.
If this does not happen, the chances of a new ATH will be lost. In this case, the asset price may test the $0.00001369 support again. Failure to hold this level will negate the bullish scenario, sending the memcoin to $0.00001200
