Crypto analyst calls for record price

The cryptocurrency market may be feeling the chills of a recent downturn, but one coin is defying the freeze: Pepe Coin.

While altcoins shiver in the shadow of Bitcoin’s (BTC) recent 5% drop, PEPE is strutting its stuff with a sizable increase over the past month and a daily rise of nearly 6%.

This bullish behavior has analysts like Crypto Tony excitedly croaking about a potential all-time high (ATH) for the meme coin.

A beacon in the bear market

Unlike its altcoin brethren which collapsed during the recent market crisis, the meme coin has remained firm. This resilience suggests an underlying strength that could attract new investors and build investor confidence.

A productive month

Last month was a good time to be a PEPE holder. The price jumped 20%, currently sitting at $0.058. The daily trading volume also paints a promising picture, reaching a remarkable $755 million. This indicates healthy market activity and fuels the bullish fire.

Whales Diving: A Sign of Things to Come?

An example of this would be the large withdrawal from Binance by the address 0xa145, which totaled 350 billion tokens, or just over $3 million. This action reinforces positive sentiment by signaling the possibility of profitable swing trading opportunities.

PEPE is currently trading at $0.000008. Chart: TradingView

An analyst intervenes

Prominent crypto analyst Crypto Tony adds to the bullish chorus. He predicts a new high for the meme coin, citing recent price action and the inherent strength of the meme coin.

See more

This optimistic outlook from a respected voice in the crypto world is sure to catch the attention of investors looking for the next big winner.

Featured image from Reddit, chart from TradingView

Fuente