$PEPE
🚨 Historical Trend Defining PEPE Growth Outlook 🚨
Whale accumulations in the market is often a sign of a likely rally ahead. This expectation aligns with the PEPE price history as shown on Cryptorank.
The monthly returns show May is the best month for the token since its inception. Unlike every other month in the year, the PEPE price has not recorded any selloff in May since 2023. The Dogecoin challenger has an average growth rate of 82.3% for the month and is on track to beat this historical record with its 40.4% surge Month-to-Date (MTD).
In an earlier PEPE coin analysis, the targeted ATH this week as short sellers were caught in liquidations. This outlook remains at play as the analyst projects a likely shift for the memecoin moving forward.
Meanwhile, other meme coins like Dogecoin and Shiba Inu are also facing similar drawdowns. However, each token capitalizing on unique ecosystem trends, a potential breakout rally might be recorded soon.
