Pepe Coin, a trending cryptocurrency, is exhibiting strong bullish signals driven by increasing investor activity, skyrocketing trading volume, and positive on-chain metrics. Technical analysis reveals a cup-and-handle pattern, suggesting a potential breakout and sustained rally.
Positive metrics like rising address activity and Open Interest strengthen Pepe’s bullish outlook . a trending cryptocurrency, has caught the market’s attention with its promising price action and increasing investor activity.Moreover, its trading volume has sky-rocketed by 120.60%, reaching $2.75 billion, signaling growing market confidence.
With such strong momentum, the question arises: can Pepe maintain this trajectory and ignite a significant bullish rally in the coming days?The chart revealed a textbook cup-and-handle pattern, which is often regarded as a precursor to bullish breakouts. The pattern is supported by a strong retest of the critical demand zone, confirming buyers’ dominance at this level. Furthermore, the token is consolidating just below its projected target level near $0.00003, indicating potential for a breakout. If Pepe manages to reach this target, it could trigger a sustained rally, making it an attractive prospect for both short-term traders and long-term holders.Source: TradingViewThe on-chain metrics reinforce its bullish narrative, as address activity has shown a consistent increase. Over the past week, new addresses grew by 1.06%, while active addresses climbed by 1.73%.This steady growth highlights an influx of new users, which often correlates with increased demand and upward price pressure. Therefore, the address activity suggests that Pepe’s ecosystem is expanding, adding to its bullish case.Transaction data shows notable engagement across the network, particularly among smaller investors. Transactions valued under $1 rose by 5.38%, demonstrating growing interest from retail participants. However, larger transactions above $10,000 have declined, which could suggest a cautious approach among institutional players. Despite this, the rising volume of retail transactions underscores heightened activity on the network, which often precedes significant price move
Pepe Coin Cryptocurrency Bullish Outlook Technical Analysis On-Chain Metrics
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