Arbi Pepe narxPEPE

Pepe’s breakout from the descending symmetrical triangle, coupled with improving on-chain metrics and bullish technical indicators, positions it for a potential rally. If the token can surpass the $0.00002187 resistance, it could pave the way for a move toward $0.000030. Therefore, Pepe seems primed for upward momentum, provided market conditions remain supportive in the near term.$PEPE

Daily active addresses were recorded at 5,143, reflecting moderate but steady participation from users. This stability indicates that a committed user base is actively engaging with Pepe, even during periods of price consolidation. If the token’s price continues to rise, a surge in daily active addresses could add further validation to the breakout potential. Therefore, increased user activity in the coming days will be critical in sustaining upward momentum.$PEPE

Pepe’s price action (PA) reflected a strong recovery as the token consolidated near critical resistance at $0.00002187. Breaking above this level could confirm a bullish breakout, setting the stage for a potential rally toward $0.000030, the next significant resistance. Additionally, the symmetrical triangle breakout highlighted reduced selling pressure and growing buyer interest. However, failure to surpass $0.00002187 could lead to another consolidation phase, testing support levels at $0.00001682.$PEPE

Pepe’s breakout targets $0.00002187 resistance, with bullish patterns signaling potential upward momentum. Technical indicators and liquidation data highlight strong bullish sentiment, supporting a possible rally. Pepe [PEPE] has emerged from a descending symmetrical triangle, a technical pattern often associated with breakout potential in crypto markets. Trading at $0.00002102, down by 1.18% at press time, the token was showing signs of strength despite minor retracements. The question now is whether Pepe can sustain its upward momentum and rally to new heights in the coming days.$PEPE

PEPE poised for a breakout: Can the memecoin rally to new highs? Pepe [PEPE] has emerged from a descending symmetrical triangle, a technical pattern often associated with breakout potential in crypto markets. Trading at $0.00002102, down by 1.18% at press time, the token was showing signs of strength despite minor retracements. The question now is whether Pepe can sustain its upward momentum and rally to new heights in the coming days. PEPE’s price action shows potential Pepe’s price action (PA) reflected a strong recovery as the token consolidated near critical resistance at $0.00002187. Breaking above this level could confirm a bullish breakout, setting the stage for a potential rally toward $0.000030, the next significant resistance. Additionally, the symmetrical triangle breakout highlighted reduced selling pressure and growing buyer interest. However, failure to surpass $0.00002187 could lead to another consolidation phase, testing support levels at $0.00001682. Active Currencies 16438 Market Cap $3,642,406,425,400.50 Bitcoin Share 53.20% 24h Market Cap Change $-1.92  Home > Altcoin > PEPE poised for a breakout: Can the memecoin rally to new highs? ALTCOIN PEPE poised for a breakout: Can the memecoin rally to new highs? 3min Read Pepe has emerged from a symmetrical triangle, aiming to sustain its breakout momentum. Posted: January 5, 2025 By: Erastus Chami Edited By: Saman Waris Pepe’s breakout targets $0.00002187 resistance, with bullish patterns signaling potential upward momentum. Technical indicators and liquidation data highlight strong bullish sentiment, supporting a possible rally. Pepe [PEPE] has emerged from a descending symmetrical triangle, a technical pattern often associated with breakout potential in crypto markets. Trading at $0.00002102, down by 1.18% at press time, the token was showing signs of strength despite minor retracements. The question now is whether Pepe can sustain its upward momentum and rally to new heights in the coming days. PEPE’s price action shows potential Pepe’s price action (PA) reflected a strong recovery as the token consolidated near critical resistance at $0.00002187. Breaking above this level could confirm a bullish breakout, setting the stage for a potential rally toward $0.000030, the next significant resistance. Additionally, the symmetrical triangle breakout highlighted reduced selling pressure and growing buyer interest. However, failure to surpass $0.00002187 could lead to another consolidation phase, testing support levels at $0.00001682. Source: TradingView NVT ratio points to growing market confidence The network value to transaction (NVT) ratio has risen from 48 to 60.62, indicating increasing on-chain activity relative to the token’s market valuation. This suggested renewed investor confidence as transactional activity supported the price recovery. A higher NVT ratio often reflects sustained interest in the asset, which could bolster bullish sentiment. However, for the price to move higher, the ratio must remain consistent with rising transaction volumes. PEPE daily active addresses show steady engagement Daily active addresses were recorded at 5,143, reflecting moderate but steady participation from users. This stability indicates that a committed user base is actively engaging with Pepe, even during periods of price consolidation. If the token’s price continues to rise, a surge in daily active addresses could add further validation to the breakout potential. Therefore, increased user activity in the coming days will be critical in sustaining upward momentum. Technical indicators support bullish momentum Pepe’s technical indicators suggested a turning point in market dynamics. The relative strength index (RSI) stood at 54.51, indicating moderate bullish momentum and leaving room for further upward movement without overbought conditions. Besides, the directional movement index (DMI) revealed that the +DI was at 21.7, -DI was at 13, and the average directional index (ADX) was at 22. These figures suggested a strengthening trend, with buyers gaining control over the market. However, for the rally to materialize, ADX must continue rising to confirm trend strength. Liquidation data signals bullish sentiment Liquidation data showed $269.41K in short positions wiped out compared to $35.47K in longs, reflecting growing confidence in an upward move. This bullish bias among traders provides additional support for a potential breakout. However, continued buying pressure will be necessary to sustain these gains and prevent a price pullback. Conclusion: PEPE is ready to test new highs Pepe’s breakout from the descending symmetrical triangle, coupled with improving on-chain metrics and bullish technical indicators, positions it for a potential rally. If the token can surpass the $0.00002187 resistance, it could pave the way for a move toward $0.000030. Therefore, Pepe seems primed for upward momentum, provided market conditions remain supportive in the near term. Take a Survey: Chance to Win $500 USDT Previous: Is VeChain’s bull run here? Key data suggests… Next: Breaking down Cardano whales’ 40 million move and impact on ADA Share SHARETWEET Read the Next Article Home > Cardano > Breaking down Cardano whales’ 40 million move and impact on ADA CARDANO Breaking down Cardano whales' 40 million move and impact on ADA 2min Read Over the past two days, Cardano whales have purchased over 40 million ADA tokens Posted: January 5, 2025> Gladys Makena ADA has surged by 23.8% over the past week. Cardano whales have bought 40 million ADA tokens in 48 hours. Since hitting a low of $0.878, Cardano [ADA] has experienced a strong upswing to $1.119 hiking by 23.80% on weekly charts. Since then, the altcoin has made a slight retrace on daily charts. In fact, as of this writing, Cardano was trading at $1.106. This marked a 1.23% increase over the past day. The recent price pump has left analysts talking over what factors driving it. According to popular crypto analysts Ali Martinez, one factor driving ADA prices is increased buying pressure. Cardano whales purchase 40 million tokens In his analysis, Martinez observed that Cardano whales have been on a buying spree. As such, whales have bought over 40 million ADA tokens over the past 48 hours. Source: X When whales turn to purchasing an asset, it reflects bullish sentiment and their confidence in the market. Notably, this demand for ADA is not an isolated case among whales only, but also retail traders are actively buying. Therefore, other market participants have been actively buying the altcoin since New Year’s Eve. This is evidenced by the sudden upsurge in the Relative Strength Index (RSI) which has spiked from 39 to 62. When the RSI rises with that margin, it indicates strong buying pressure, implying buyers are dominating the market. What ADA charts suggest With increased buying activity from both whales and retailers, it shows ADA is well positioned for further gains. According to AMBCrypto’s analysis, Cardano is seeing a strong upward momentum build amidst heightened demand. Source: Santiment We can see increased demand through Cardano’s rising scarcity. This is evidenced by the rising Stock to flow ratio, which has risen to 133.7. When SFR rises, it implies that ADA is becoming scarce, with demand outpacing supply. Often, a higher demand helps drive prices up. Source: Coinglass Additionally, this demand for the altcoin is especially dominant for long positions. As per the long/short ratio, 54% of traders are taking long positions. When longs dominate the market, it means most traders are bullish and expect prices to increase. Source: Santiment Finally, Cardano’s MVRV Ratio has settled at 1.1 implying low selling pressure. With MVRV at 1.1, it suggests that profit-taking pressure is relatively low. At this level, the price has room to grow before it reaches overbought levels. Simply put, amidst increased activity from both whales and retail traders, ADA’s momentum to the upside is growing. With positive sentiment, Cardano is well positioned for more gains. Read Cardano’s [ADA] Price Prediction 2025–2026 Therefore, if buyers continue to dominate the market, ADA could reclaim $1.2 where it has faced multiple rejections and a breakout from here will push the altcoin to $1.5. Conversely, if a market correction arises, the altcoin will dip to $0.89. Previous: PEPE poised for a breakout: Can the memecoin $ADA