PEPE shows bullish patterns and potential for a 60% rally, but declining active addresses could stall its breakout despite recent gains.
Despite signals that a rally could be imminent, on-chain data shows that active addresses still need to commit to buying fully.has stood out among memecoins, recording a 30.13% gain. Recently, it has continued its positive trajectory with an additional 3.90% increase.
This new formation signals that PEPE has entered another accumulation phase, with buyers gradually increasing their holdings in anticipation of a potential rally.
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