: The Memecoin on Fire!
The infamous meme coin, PEPE, has taken the cryptocurrency world by storm, leaving investors wondering if this is a new era or just a fleeting fad. In the past month, PEPE has defied predictions and rewarded investors with a whopping 100% gain, reaching new record highs.
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PEPE's meteoric rise has seen:
- 97% of holders profit from the surge
- 56% growth in the last week
- 99% growth in the past month
- A 3.7% jump in the last 24 hours
Social media attention and financial interest have followed suit, with the coin's social volume increasing and online discussions intensifying.
However, some experts urge caution, citing technical indicators that suggest an overheated market. The Chaikin Money Flow (CMF) has fallen, while the Money Flow Index (MFI) and Relative Strength Index (RSI) are overbought, indicating a potential price correction.
Additionally, selling pressure is mounting, with investors cashing out on their gains, leading to a surge in exchange outflow and supply.
Will PEPE's bullish momentum continue, or will the memecoin's engine overhear?
Only time will tell!
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