The meme coin market is experiencing significant interest, with a 24% increase in capitalization over the past month. This has particularly influenced PEPE, a popular meme coin.
PEPE's price has risen by 4% in the past week, currently trading at $0.0000092. Its daily active address (DAA) divergence has risen to 35.16%, indicating growing accumulation and a healthy network activity supporting price movements.
The Mean Coin Age of PEPE has also increased, suggesting that investors are holding the coin longer, reflecting confidence in its future value. This metric saw a 2% rise recently.
With sustained accumulation over distribution patterns among PEPE holders, the meme coin is eyeing the resistance level of $0.000010 if the bullish momentum continues.
However, should buying pressure wane, PEPE's price might fall to $0.0000083, indicating a potential drop back from recent gains.
