Pepe Coin declined by more than 26% in the last four days and is now testing a crucial support floor
PEPE Coin Investors Stay Stable
Despite a recent 26% plunge, the PEPE coin prognosis looks to be improving, buoyed by investor optimism. This feeling is reflected in the transfer of tokens from short-term to mid-term holders, showing a stronger commitment to hanging onto their assets for potential future benefits.
Currently, 36 trillion PEPE coins, worth more than $232 million, have moved from the hands of short-term investors—who generally hold for fewer than 30 days—to mid-term holders, who keep their assets for one month to a year.
This large move demonstrates increased investor confidence in the meme coin’s potential.
The confidence is not restricted to retail investors only. Crypto whales have also demonstrated their bullishness, collecting roughly 4 trillion PEPE, or $26 million, in the previous day.
This collective investor backing serves as a powerful buffer against additional falls.
PEPE Price: All-Time Highs?
Currently trading at $0.000000001979, Pepe is perched barely above the critical $0.00000633 support line. This is a border that has stayed tight for the last month.
Pepe is poised for a possible comeback, bolstered by investor optimism and good signs from the Ichimoku cloud, which suggests a bullish trend when positioned below the candles.
This scenario has the potential to boost Pepe’s price over $0.00000826 and perhaps to an all-time high of $0.00001000.
If Pepe breaks through its present support, it may initiate a corrective phase, challenging the bullish view and perhaps driving the price down to the next support level at $0.00000474.
