The price of Pepe continued its recovery this week, jumping for four cultural days between whale accumulation and an atherium rebound.
Summary
- The price of Pepe coin has jumped back in the last four days.
- Data shows where and smart money investors are accumulating.
- Technical suggestions are that more reverse is in the near period.
Those who are buying Pepe tokens
Peppe (Pepe) token rose on Saturday, August to $ 0.000012. 9, its highest level sin is 28 July and 135% above the lowest point this year.
Nansen data suggests that the recent dip has been vested to buy a dip in which her Hurdings are jumping at highst points in more than a year.
Whales 8.95 trillion tokens, 12% monthly jump. In the last 12 months, their waves are increased by 30%, an indication that they expect to keep it.
Smart Money Investors have also promoted their peppe holdings. They now have 643 billion tokens, there has been a big increase in 258 billion in May this year. Smart money investors have a reputation to execute profitable trades.
More data shows that Peep’s demand is growing in the futures market. Its futures have jumped in open interest in the last seven connective days, which has reached $ 720 million at the highest level this month.
Increasing open interest has been combined with a longer period of positive money rate. A positive funding rate is an indication that market participants hope that the future price will be more than one.
A potential catalyst for Pepe is that the Ethereum (Eth) value is vertical and it is reaching close to its all -time high. Ath jumped from American investors to $ 4,100 as a dictand.
It is common for meme coins in a series for Rali when the main token is an experience an increase. For example, tokens like Dogwifat (WIF) and Bonk (Bonk)
PayPe Price Technical Analysis
The Daily Timeframe Chart suggests that the price of Pepe coin has been in a strange uptrend in the past. It was reduced from $ 0.000005078 to $ 0.00001200.
Pepe stays above the ascending trendline, which adds the lowest swing sinew march this year. It has also created an unacceptable triangle pattern, which often leads to a strong breakout.
Paype has jumped 23.6% Fibonacci Retressing Level and 50-Day Moving Average. Therefore, this will continue to grow as bulls targets 38.2% of the retracement level at $ 0.000014, followed by a year-by-year of $ 0.00001625.