news 
Title: PEPE Surges Past 463K Holders: Is a Rally Underway?
PEPE has made a significant breakthrough, with the token’s holder count surpassing the 463,000 mark. This remarkable growth in user adoption is accompanied by an array of positive technical and on-chain metrics, leading many to question whether we are witnessing the start of a new rally.
On the charts, PEPE has formed a bullish cup-and-handle pattern, which, if confirmed, could lead to further price appreciation. The Directional Movement Index (DMI) also indicates strong buyer dominance, as the +DI sits at 35.3, significantly above the -DI’s 12.7 value. Furthermore, the ADX is currently at 23.0, suggesting that this trend still has room to strengthen.
The rise in holders can be seen as a sign of renewed retail enthusiasm, which often precedes speculative rallies and heightened volatility. It is essential to note that PEPE’s price action currently rests around $0.00001252, with the token having gained 1.68% over the past day.
It is crucial for traders to monitor further confirmation signs, such as rising volume and sustained growth in the number of holders. If these signals materialize, it could bolster the case for a breakout above $0.00001580.
Source: ambcrypto.com
