Summary
TLDR: PEPE price has increased by 506% in the last ten days, reaching an all-time high of $0.00000820. Whales and retail investors have been accumulating the coin, but short-term holders may lead to increased selling pressure. The Mean Coin Age indicator suggests a potential decline in price, but bullish indicators like ADX and MACD signal ongoing strength. If the price can hold above $0.00000800, it could rally further towards $0.00001000.
Key Points
1. PEPE price has surged by 506% in the last ten days, reaching a new all-time high of $0.00000820, thanks to accumulation by whales and retail investors.
2. Despite the price increase, there is a possibility of a decline as investors are actively moving their holdings around, with 37% of the circulating supply held by short-term holders.
3. The Mean Coin Age indicator suggests a potential sell-off, but indicators like ADX and MACD signal steady bullishness, with the possibility of a further price increase if PEPE can flip key resistance levels into support.