PEPE investors were overwhelmed last week as they enjoyed massive profits, pushing the memecoin towards a critical resistance level
investors were overwhelmed last week as they enjoyed massive profits. This latest price uptick has pushed the memecoin towards a critical resistance level. Will PEPE finally manage a breakout, which could result in a 200% hike soon?PEPE bulls clearly dominated last week as the memecoin’s price surged by more than 21% in the past seven days. In fact, in the last 5% alone, the coin’s value increased by 5%.
As per our analysis of Santiment’s data, buying pressure on the coin was rising. This was evident from the rise in its supply outside of exchanges and the decline in its supply on exchanges.earlier that PEPE whales added 5.5 million USDT to Binance to acquire 535.81 billion PEPE worth $5.07 million. This reflected their confidence in the memecoin.
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