Pepe Coin, after a month of downtrend and week-long consolidation with intermittent spikes, is showing signs of a potential rebound.
Indicators and Volume Growth
TD Sequential indicator shows buy signals on the weekly chart for Pepe Coin. Market cap rose by 2% to $4.12 billion, and trading volume surged by 21.67%.
Analysts' Analysis and Forecasts
CryptoELITES analysts indicate that $PEPE continues to move within an ascending channel, with support found at the 0.786 Fibonacci level, forecasting an 8X price increase.
Pepe is about to make a big move very soon!@CryptoELlTES
Centralization and Its Impact
37% of Pepe Coin's supply is held by the top 10 wallets, with the largest holder owning 13%, indicating centralization and potential market influence.
Pepe Coin may be on the brink of significant growth, but potential centralization raises concerns about market manipulation.
