Posted 3/10/2024, 6:00:00 PM
Pepe Meme Coin Skyrockets 800% with $3B Valuation, Sparking Debate on Sustainability of Rally
- PEPE grew 800% in the last month, now topping a $3B market cap behind only DOGE and SHIB
- PEPE gained over 25,000 new holders in 2 weeks, now totaling 175,000 holders, showing growing trust and investor interest
- 86% of PEPE holders are currently profitable, but some may sell to take profits which could negatively impact price
- PEPE could continue breaking new all-time highs if it surpasses resistance at $0.0000089, potentially reaching $0.00001
- Indicators like EMA cross and moving averages show bullish signals, but failure to hold support at $0.0000069 could see a 55% price correction