{"id":425223,"date":"2024-09-19T23:30:15","date_gmt":"2024-09-19T18:00:15","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=425223"},"modified":"2024-09-19T18:07:33","modified_gmt":"2024-09-19T12:37:33","slug":"pepe-eyes-breakout-as-adoption-and-whale-activity-rises","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/pepe-eyes-breakout-as-adoption-and-whale-activity-rises\/","title":{"rendered":"PEPE eyes breakout as adoption and whale activity rises"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">PEPE&#8217;s stable adoption and rising whale activity hint at a potential breakout above key resistance.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Net inflows and growing active addresses reflect increased interest as PEPE approaches a pivotal moment.<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/pepe-coin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pepe [PEPE]<\/span><\/a><span style=\"font-weight: 400;\"> has gained momentum with a 10.53% price increase in the last 24 hours, bringing its price to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">$0.057915<\/span><\/a><span style=\"font-weight: 400;\"> at the time of writing. The 24-hour trading volume reached $1,650,306,160, reflecting renewed interest among traders and investors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the past week, PEPE has seen an 8.06% rise, pushing its market cap to $3,313,864,395 with a circulating supply of 420 trillion tokens.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price action remains characterized by lower highs and lower lows, highlighting a prolonged bearish trend since its peak. However, a potential breakout could change the momentum.<\/span><\/p>\n<h2><b>Key resistance and support levels to watch<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">PEPE\u2019s price has been contained within a descending channel, with a well-defined resistance at $0.00000820. This level is significant as it represents the upper boundary of the channel, marking the first hurdle for bulls.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A breakout above this resistance could signal a shift in momentum and open the door for a rally towards the next target of $0.00001330, a level that has acted as a significant resistance zone in the past.<\/span><\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PEPE.png\"><img decoding=\"async\" class=\"aligncenter wp-image-425230 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PEPE.png\" alt=\"\" width=\"2048\" height=\"989\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PEPE.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PEPE-300x145.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PEPE-1024x495.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PEPE-768x371.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PEPE-1536x742.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/PEPE-1200x579.png 1200w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Source: TradingView<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the downside, support at $0.00000470 is critical. This support aligns with a previous consolidation area, suggesting strong buying interest around this level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Should the price fail to break the $0.00000820 resistance, it may continue its downward trend, potentially retesting the lower support near $0.00000470.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) is currently at 53.09, indicating neutral momentum. This reading shows that PEPE is not in overbought or oversold conditions, leaving room for movement in either direction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The lack of a strong momentum signal from the RSI suggests that the market is in a state of indecision, awaiting a clear breakout or breakdown.<\/span><\/p>\n<h2><b>PEPE gains momentum as adoption stabilizes<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recent <\/span><a href=\"https:\/\/www.coinglass.com\/currencies\/PEPE\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> also indicates fluctuating net flows, with recent net inflows of $4.40 million on September 19, suggesting increased buying pressure. Despite these inflows, the price remains relatively stable, reflecting market caution.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.24.png\"><img decoding=\"async\" class=\"aligncenter wp-image-425228 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.24.png\" alt=\"\" width=\"2560\" height=\"702\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.24.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.24-300x82.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.24-1024x281.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.24-768x211.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.24-1536x421.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.24-2048x562.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.24-1200x329.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Source: Coinglass<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The gradual increase in new and active addresses <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/PEPE\/deep-dive?group=network&amp;chart=addressStats\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">indicates<\/span><\/a><span style=\"font-weight: 400;\"> growing participation, with 602 new addresses and 2,000 active addresses recorded on September 18.<\/span><\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.06.png\"><img decoding=\"async\" class=\"aligncenter wp-image-425229 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.06.png\" alt=\"\" width=\"2366\" height=\"882\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.06.png 2366w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.06-300x112.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.06-1024x382.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.06-768x286.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.06-1536x573.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.06-2048x763.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/Screenshot-2024-09-19-at-14.53.06-1200x447.png 1200w\" sizes=\"(max-width: 2366px) 100vw, 2366px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Source: IntoTheBlock<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to a <\/span><a href=\"https:\/\/ambcrypto.com\/pepe-set-for-breakout-what-traders-should-keep-an-eye-on\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">recent report<\/span><\/a><span style=\"font-weight: 400;\"> by AMBCrypto, PEPE&#8217;s adoption rate is showing a stable trend, reflecting continued engagement without signs of decline. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This steady rate suggests that more traders are getting involved with PEPE, although the pace of adoption may not be as rapid as some enthusiasts might expect.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Pepe Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Nevertheless, a constant adoption rate is generally seen as a bullish sign, indicating ongoing interest and participation in the PEPE market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, key indicators such as whale activity, and this stable adoption rate contribute to a growing bullish outlook as the market approaches Q4 2024.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PEPE nears breakout with stable adoption and rising whale activity\u2014Is the meme coin rally back?<\/p>\n","protected":false},"author":95,"featured_media":425252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,6390,4,20],"tags":[6427],"class_list":["post-425223","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-pepe-coin-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PEPE Eyes Breakout as Adoption Stabilizes and Whale Activity Grows<\/title>\n<meta name=\"description\" content=\"PEPE price nears key resistance with stable adoption rates and rising whale activity driving bullish sentiment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" 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