PEPE, the popular meme coin that hit an all-time high (ATH) earlier this year, has struggled to maintain momentum. Its price remains stagnant, with short-term holders dominating the market.
However, the upcoming Binance.US listing on December 5 may provide a much-needed boost, offering liquidity and attracting new investors.
Short-Term Holders Dominate PEPE Supply
Short-term holders currently account for over 48% of PEPE’s supply. These investors, who typically sell within a month, create a volatile market. However, Binance.US listing could absorb this selling pressure by introducing fresh trading volume. This boost in liquidity may stabilize prices and attract a mix of retail and institutional investors.
Chaikin Money Flow Signals Challenges
PEPE’s Chaikin Money Flow (CMF), a metric that tracks money inflows and outflows, has shown a declining trend. Recent outflows suggest existing holders are either liquidating positions or not reinvesting. Without fresh capital, this trend could limit PEPE’s recovery.
The Binance.US listing offers a potential turnaround. Increased trading activity could counteract the outflows, enabling PEPE to regain upward momentum and potentially reclaim its ATH.
PEPE Price Prediction: Can It Hit a New ATH?
PEPE has been trading within a tight range of $0.00002334 to $0.00001793 for three weeks. To reach a new ATH, it must break out of this consolidation phase.
- Current ATH: $0.00002597 (20% above the current price of $0.00002158).
- Bullish Outlook: The Binance.US listing could drive prices beyond this level, sparking investor confidence.
- Bearish Scenario: If the coin fails to break the range, it risks a drop to $0.00001489, challenging the bullish narrative.
