#PEPE
🚀🚀🚀 $PEPE Rising: Can Holders Expect Huge Profits Amid Today's Increasing Unexpected Social Buzz?
Last week, the price of PEPE rose 40%. At press time, PEPE was trading at US$0.00001449, with drops in band 3, breaking its line. Many expected a 25% devaluation, but with recent buying movements by a whale. $PEPE reacted and reached its incredible 0.00001530 in a few hours.
Over the past month, the PEPE price has shown several higher highs and higher lows, indicative of an uptrend.
PEPE price broke through all resistance levels during this period and was aiming to reach the previously achieved all-time high of $0.00001579.
If it manages to rise 9.77% in the next few days, it could surpass the previous all-time high.
PEPE's CMF (Chaikin Money Flow), however, plummeted. This indicated that the money flowing into PEPE has decreased significantly.
Furthermore, PEPE's RSI (Relative Strength Index) has also started to decline, implying that the bullish momentum around PEPE has started to subside.
If the downward pressure on PEPE starts to increase, the price could return to trading between the levels of US$0.00001559 and US$0.00001649 soon.
A large part of the price trajectory of any memecoin is determined by its popularity on social media platforms.
AMBCrypto's analysis of Santiment data revealed that social volume around PEPE has increased, indicating that PEPE's popularity has grown materially in recent days.
Furthermore, the weighted sentiment towards PEPE also increased significantly, implying that the number of positive comments surrounding PEPE exceeded the negative ones.
If PEPE's popularity continues to increase, memecoin may be able to sustain its current price momentum in the future.