Pepe Coin Price Analysis: Traders Eye 18% Gains as Daily Profit Ratio Soars
Release: 2024/08/23 14:49 Reading: 666
Pepe Coin's price has experienced a surge over the past 7 days, nearing the end of a potential breakout pattern. The breakout direction depends on market factors, but currently, traders seem poised to drive the market upwards. PEPE's price has risen 3.3% in the last 24 hours, trading at $0.00000812.
Traders Profit from PEPE Surge
Santiment's analysis of PEPE's daily transaction volume shows a profit-to-loss ratio of 3.10, the highest this year. This indicates that most PEPE transactions have resulted in profit. Despite the increase in total profitable PEPE tokens, 31.85% of holders remain "out of the money" (where the current price is lower than their average entry price).
Whale Activity and Market Outlook
Santiment data reveals a decline in whale activity from August 20-23, suggesting large holders are observing the market. This assessment is supported by the negative large holder netflow metric on IntoTheBlock on August 23.
Meanwhile, futures traders have stepped in, as Coinalyze data shows a 7.84% increase in open interest (OI) alongside PEPE's price rise. This indicates the opening of Long positions, potentially leading to a bullish breakout.
Pepe Coin Price Analysis
PEPE's price is in a symmetrical triangle pattern, indicating market indecision and a potential breakout. The price has a slightly higher chance of breaking upwards, facing resistance at 0.00000959 and further resistance at 0.00001000 and 0.00001200.
Bullish indicators like the Chaikin Money Flow and Coppock Curve support a potential breakout. A daily candle close above 0.00001000 with increased volume would confirm the breakout, targeting 0.00001200 and higher.
If bears prevail, support lies at 0.00000807, below which the bullish thesis would be invalidated, leading to a potential bearish move.
Recent news
More>- 5 Best Crypto Presale Coins for 2025 [Updated List for 2025] 11-29
- Ethereum Meme Coin Watch: CatSlap +20%, Pepe +7% as ETH Outperforms Bitcoin 11-29
- Whales Dumping Pepe Coin As Prices Correct, Time To Sell? 11-29
- Binance Launches ‘PayDay’ Global Crypto Shopping Event with $200K Crypto Cashback 11-29
- Ethereum price up 15%—here are the meme coins to watch this altcoin season 11-29
- Dogen (DOGEN): Experts Predict 25,000% Returns – Outshining DOGE and SHIB in 2025! 11-29
- How Dogecoin Overtook Porsche in Market Cap, Hitting $54.7 Billion Milestone 11-29
- Is PEPE Price Breakout Imminent? Analyst Predicts It’s About to Go Crazy—Here’s Why! 11-29
- Next Bonk? Dogen on Track for 15,000% Gains by 2025 – Don’t Miss the Rocket! 11-28
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com