You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-see-profits-in-pepe-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors See Profits in PEPE Coin</a> 
PEPE price appears to be approaching a breakout despite a 2% drop in the last 24 hours. Looking at the charts, it seems that investors are optimistic about the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> of this meme coin.
<h2 style="text-align: justify" id="pepe-investors-see-profits">PEPE Investors See Profits</h2>
It is believed that PEPE could break out of the descending bullish wedge formation it has been moving within since mid-May. One of the biggest driving factors reflecting this possibility is not the increased participation in PEPE, but the decreased participation from a specific group of investors, short-term holders.
The dominance of <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">short-term investors</a>, defined as the group holding PEPE for less than 30 days, has dropped to only 8%. This is perhaps the lowest level seen so far and indicates significant changes in sentiment towards PEPE.
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-383654" src="https://coin-turk.com/wp-content/uploads/2024/08/pepe-1-coin-turk-com-1.png" alt="" width="492" height="120">
While the decline in the dominance of short-term investors continues to be notable, it is known that this group tends to dispose of the coins they hold. With the decrease in the number of short-term investors in the market, the selling pressure on PEPE also appears to have decreased, which may reflect a positive outlook for the <a href="https://en.coin-turk.com/dogecoin-wallet-growth-and-price-surge-expectations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a>.
The reduced impact of short-term holders on PEPE indicates that more investors are continuing to hold their PEPE for longer periods, which could create a more stable price environment.
In addition to the optimistic outlook, the Chaikin Money Flow (CMF) indicator for PEPE continues to show increasing inflows. This indicator shows a significant amount of capital entering the market, which could also help the altcoin recover.
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-383655" src="https://coin-turk.com/wp-content/uploads/2024/08/pepe-2-coin-turk-com-1.png" alt="" width="489" height="201">
Considering all these factors, the potential for a recovery in PEPE is becoming increasingly likely with the decrease in the weight of short-term investors and strong inflows.
<h2 style="text-align: justify" id="how-much-will-pepe-coin-be-worth">How Much Will PEPE Coin Be Worth?</h2>
While all these positive data indicate growth for the PEPE price, the possibility of a decline cannot be denied. The bullish outlook suggests that PEPE could see a 79% increase and reach an all-time high.
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-383656" src="https://coin-turk.com/wp-content/uploads/2024/08/pepe-3-coin-turk-com-1.png" alt="" width="489" height="206">
Before reaching its ATH, PEPE will need to turn the $0.00001146 region into support. This situation is currently seen as an obstacle to a price rally for PEPE.
On the other hand, the meme coin, which finds buyers at $0.000008386, continues to trade above the $0.00000775 supports. Depending on the break of this support level, PEPE could drop to $0.00000600 or lower.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-see-profits-in-pepe-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors See Profits in PEPE Coin</a></h5>
The post <a href="https://en.coin-turk.com/investors-see-profits-in-pepe-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors See Profits in PEPE Coin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Investors See Profits in PEPE Coin

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