Despite Crypto Market Slump, PEPE Price Surges by 35% – Find Out Why

Welcome to Extreme Investor Network, where we provide you with unique insights and analysis on the stock market, trading, and all things Wall Street. Today, we’re diving into the world of PEPE and taking a closer look at how on-chain trends can impact price movements.

According to data from IntoTheBlock, the number of long-term investors holding PEPE surpassed short-term traders in early May, leading to a major bullish catalyst that sent prices soaring to new all-time highs on May 27. As of the end of May, there were 58,240 long-term investor addresses holding PEPE.

What’s interesting is that despite a month-long market dip in June, the number of long-term investor addresses has actually increased by 4,320, while 15,350 short-term holders have exited their positions. This demonstrates the resilience of PEPE long-term investors and their confidence in the asset’s potential.

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The exit of short-term holders has also helped reduce selling pressure on PEPE, setting the stage for a 35.8% price recovery between June 24 and June 26. Looking ahead, technical indicators suggest that PEPE could break out above $0.000015 in the coming days.

With smaller resistance clusters in the way, PEPE faces a clear path towards this price point. The on-chain trends and investor behavior analyzed above point towards a potential uptick in price, driven by the confidence of long-term investors.

At Extreme Investor Network, we’ll continue to monitor these developments and provide you with the latest insights to help you navigate the ever-changing world of trading and investing. Stay tuned for more updates and analysis to help you make informed decisions in the stock market.

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