📢 Attention!
This memecoin has been one of the highest-performing assets in its category over the last month, with gains of 56.4%.
Pepe is a favorite among traders, according to the open interest of futures contracts linked to the token. CoinGlass data shows that open interest reached a record of $694 million at the end of May as the PEPE rally intensified.
The price has not yet reached the levels it attained in January of this year, when it was trading at $0.000020 at a time when the open interest was $555 million.
This could favor a bullish price prediction for Pepe and could result in higher gains, as there seems to be enough purchasing power to continue pushing the token to higher levels.
However, looking at the price action, the local peak of PEPE seems to have been reached as the meme coin broke its support trendline in recent days and is now retesting that same area from below.
