Community enthusiasm is unprecedentedly high: the number of PEPE holding addresses has exceeded 500,000, showing a wide range of market participation. The popularity of PEPE topics on Twitter has increased by 230% week-on-week, becoming a hot topic on social media. Whales have recently increased their positions by more than 20 million US dollars, and the on-chain chips are highly concentrated, which further drives the price up.
- Technical side releases positive signals: From the 4-hour chart, PEPE has formed a "rising flag" technical pattern, which is a common continuous rise pattern. When the price breaks through $0.000010, there is a good trend of rising volume and price. The Fibonacci extension target points to $0.000015, an increase of 87%, showing strong rising potential.
- Exchanges help market volatility: Well-known exchanges such as Binance and OKX have launched PEPE perpetual contracts, attracting a large amount of leveraged funds and exacerbating market volatility. Historical data shows that Meme coins often have an increase of more than 300% at the end of the bull market, and PEPE is expected to achieve good results in this wave of market conditions.