PEPE hits new all-time high on growing holder base!
Despite the resistance in the supply area, PEPE is still struggling to maintain its bullish momentum. One can't help but ask, can PEPE's upward trend continue and can its number of unique holders break through the 264,000 mark?
In the context of the current meme market with a total market value of US$48.024 billion and an overall decline of 7.72%, PEPE, as the third largest meme cryptocurrency, also suffered a small correction of 5% in 48 hours. But don't panic, PEPE is as steady as an old dog on the daily chart, holding on to key support levels, as if accumulating strength to charge again. In the long run, PEPE's potential to break through the all-time high cannot be ignored.
Look at this PEPE, although the upward trend has temporarily rested, the bull market fire has not been completely extinguished. Since 2024, PEPE has been on a roll, with an increase of 839%, although the current price is still about 30% away from its historical peak of $0.00001718. However, it has recently encountered a small setback when it hit the $0.000013 supply zone, but the support level of $0.0000113 is as stable as a mountain, and the price trend seems to be playing the "head and shoulders" trick, which has attracted much discussion in the market.
Take a look at the price of PEPE again. It is currently standing firmly at $0.00001188, down 2.64% on the day, but this falling candle line seems to be saying: "Hey, the bull market is coming back!"
The situation on the 4-hour chart is even more eye-catching. The price low refuses to fall, forming a morning star pattern, which joins hands with the previous upward trend to draw a bullish pennant pattern, indicating that upward momentum is accumulating.
What is even more exciting is that the number of PEPE holders has exceeded the 264,000 mark, reaching 264,032. This growth is not just a number, but also a full confidence and expectation for this frog-themed meme coin. Of course, if PEPE's price is to take a big leap, it depends on the movements of those whale-level investors.
Can PEPE break through the siege in one go? Judging from the potential bull market signals on the 4-hour chart, PEPE is likely to surge in the next few hours. As the window of opportunity for the rising cycle gradually opens, a breakthrough rally may lead PEPE to a new high, with the target directly pointing to $0.00001846, which is the Fibonacci 161.80% extension level.Let's wait and see how PEPE will stage this counterattack!
