PEPE’s upcoming rally – Are you right to be confident in the memecoin?
Release: 2024/07/26 14:04 Reading: 826
- Original author：AMBCrypto
- Original source：https://ambcrypto.com/?p=409464
79% of PEPE Holders Profitable, with Large Holders Holding 72%
Metrics indicate a potential rally for PEPE after a period of consolidation.
Bullish Momentum
PEPE recently broke out of a bullish flag pattern, suggesting an upward trend. The ascending trendline provides support for a potential rally.
High Holder Profitability
79% of PEPE holders are currently in profit, which could reduce selling pressure and encourage holding positions.
Large Holders Dominate
Large holders hold 72% of PEPE, indicating confidence in the memecoin and providing price stability.
Inflows and Outflows
Despite some outflows, inflows have dominated over the last 24 hours, providing a net positive flow of capital into PEPE.
Future Outlook
The combination of bullish momentum, high holder profitability, and large holder concentration suggests a rally may be imminent for PEPE.
If support holds and momentum builds, PEPE could test higher resistance levels in the coming days.
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