The post Pepe Rally Sight Holder Count New High appeared on BitcoinEthereumNews.com.

PEPE Price Analysis: The Pepe coin price surged to an all-time high following renewed interest in the Ethereum ecosystem. It later retracted but is now poised for a rebound. Pepe’s total supply of tokens increased by 1.77 trillion in three months. The total holder count for PEPE tokens is at an all-time high of around 218,000. Pepe may surge 59% if $0.000011 support holds, pushing it to an $8 billion market cap. PEPE Price Analysis: Pepe’s price hit an all-time high on May 27, 2024, but has been retracing since then.  Nevertheless, investors remain hopeful for a rebound, as the price chart suggests a bullish outlook.  On Monday, during European business hours, PEPE traded around $0.0001264, marking a 2.9% increase over the past 24 hours, despite a 13.5% decrease over the past 7 days. PEPE price is trending above the 50-day and 200-day simple moving averages (SMA), albeit too close to the former.  Previously, the asset’s price broke out of an ascending triangle and reached an all-time high of around $0.00001725. Following this victory, bulls relaxed as bears took over the wheel, driving the price downward to the 0.5 Fibonacci retracement level. The price barely touched this level (orange) before immediately bouncing back up, an indicator of strong bullish action in the markets.  On a wider scale, the correction may be an expected textbook breakout and retest playing out for the ascending triangle.  The 0.5 Fib retracement level coincides with the top of the ascending triangle perfectly, indicating that bulls may be waiting around this area to buy back in. A bounce from this level may propel PEPE price to a new all-time high of around $0.00001981. Resistance may be encountered around $0.000014 and $0.000017 on the journey to this point.  On the flip side, there is a robust support…

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Filed under: News - @ June 11, 2024 2:16 am