- Despite the decline, Pepe maintained its new price range.
- The number of holders has increased significantly.
pepe [PEPE] has recently reached further highs, continuing the trend that has been maintained for the past three months. It is also one of the most traded assets on Binance. [BNB].
Therefore, Pepe may remain in his current zone for a little while longer.
Pepe is one of the most traded assets
According to data from BinancePepe was one of the most traded assets in the past 24 hours. It previously ranked 5th and was the most traded meme coin.
However, at the time of writing it had dropped to seventh place, despite a more than 16% increase in trading volume over the past 24 hours.
Bonk [BONK] has now surpassed it, ranking sixth, with trade volumes up by more than 22% over the same period.
Pepe price prediction
According to AMBCrypto’s Pepe analysis, it soared more than 20% on May 20th. This notable increase has pushed Pepe into a new price range, hitting its highest price since March.
Specifically, the price rose 24.56% from approximately $0.000009 to $0.000011, reaching an all-time high. At the time of writing, Pepe was still trading around $0.000011, down more than 2.7%.
Source: TradingView
Our analysis of Bollinger Bands shows that the Bollinger Bands are wide and volatile, suggesting that another big move could occur soon.
aAdditionally, the short moving average (yellow line) continued to act as strong support.
The relative strength index (RSI) is above 65, indicating a strong bullish trend, but the recent dip has prevented the stock from entering the overbought zone.
What comes after ATH?
Pepe recently hit an all-time high in open interest, according to Coinglass data analysis.
A chart review of AMBCrypto shows that open interest has risen to over $121 million at the time of writing, suggesting significant cash inflows.
Additionally, analysis of trading volumes at Santiment reveals a recent surge in trading volumes, with trading volumes exceeding $2.3 billion.
These indicators suggest a positive price forecast and indicate that there is sufficient volume and funding to sustain price levels at this time.
Source: Santiment
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Pepe holders increase
When we analyzed the total number of holders, we found that it has increased slightly over the past 24 hours. According to AMBCrypto’s Santiment Chart rating, the number of holders has increased by approximately 270 people.
On May 20th, the number of holders was approximately 221,540, and as of this writing, this has increased to 221,830.
Source: Santiment
