Pepe (PEPE) has become one of the most successful among meme coins, attracting the interest of cryptocurrency enthusiasts and traders. The considerable jump in the price of PEPE has attracted the attention of experts and analysts who are monitoring it as it makes its way through the highly volatile cryptocurrency market.
Johnny, a cryptocurrency trader named @CryptoGodJohn, predicted a big upward move for PEPE. His analysis indicates that the meme coin is on the verge of a massive rally that could see it reach all-time highs. Johnny's strategy is to pocket more PEPE during short-term setbacks which signify a strong conviction in its long-term value. The bullish outlook is supported by technical analysis which suggests PEPE is testing an important resistance zone. If this resistance is broken, the coin could gain 20%, reaching levels last seen in mid-July.
Additionally, on-chain metrics provide further evidence of the optimistic scenario. A significant increase of over 85% in the number of daily active addresses represents increased interest and participation in the PEPE network. Additionally, if the network has made profit/loss increases, this means holders are seeing real gains, which adds to the positive sentiment around the coin.
