CandleFocus
PEPE Price Records New All-Time High Amid Threat Of Profit-Taking
2024-12-09
Author: Content Editor
The altcoin PEPE has recently reached a new all-time high (ATH) of $0.00002754 and has maintained its bullish momentum. The altcoin's price has stayed close to its ATH, supported by investor optimism. However, approximately 38% of active addresses are currently in profit, suggesting the potential for sell pressure as investors look to capitalize on their gains. Despite this, PEPE has strong inflows and increased buying interest, as indicated by the Chaikin Money Flow (CMF) spiking above the neutral line. PEPE is expected to hold above the support level of $0.00002334, which could enable it to continue its upward trajectory and attract more investor interest. However, if it fails to hold this support level, the altcoin could decline and lose its bullish momentum.
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