PEPE Coin, currently priced at US$0.00001260, up 18% in the last 24 hours, shows potentially profitable signs once again after weeks of decline.

Recently, the price surpassed an important resistance level of $0.000012, indicating possible changes in its appreciation trajectory. This inference is reinforced by the positive resurgence of Chaikin Money Flow (CMF), which now sits above zero, a clear indication that buying pressure is intensifying significantly.

CMF analysis, a metric that assesses the flow of capital over a defined period, suggests an increase in buyer activity. A CMF above zero is interpreted as buying volume greater than selling volume, a sign of optimism among traders and investors in the cryptocurrency space.

Furthermore, an interesting dynamic is observed in the distribution of PEPE tokens. A notable movement of transfer of these tokens to medium-term holders’ wallets was identified. Approximately 7% of the supply that was in the hands of short-term investors is now classified as medium-term, indicating an increasing commitment from holders to the coin.

When it comes to technical analysis and market sentiment, experienced observers have pointed to encouraging trends. Bluntz, a renowned cryptocurrency analyst, commented that PEPE experienced “a nice 5-wave rise and ABC back”, suggesting a possible continuation of the uptrend. At the same time, ChartMonkey revealed that the coin managed to escape a descending channel in shorter analysis periods, signaling the end of a correction and the beginning of a new bullish phase.

Additionally, Davie Satoshi highlighted that PEPE is currently testing the upper boundary of its price channel. “We are seeing signs that it could break out soon, starting another upward phase in the altcoin and meme coin rally,” he explained.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.

Source: https://portalcripto.com.br/pepe-coin-supera-resistencia-e-registra-alta-de-mais-de-18-hoje/



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