Crypto analyst demands record price

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

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

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

A beacon in the bear market

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

A productive month

Last month was a good time to be a PEPE holder. The price is up a cool 20%, currently sitting at $0.058. Daily trading volume also paints a promising picture, coming in at a whopping $755 million. This indicates healthy market activity and adds fuel to the bullish fire.

Diving whales: a sign of things to come?

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

PEPE is currently trading at $0.000008. Chart: TradingView

The analyst intervenes

The well-known crypto analyst Crypto Tony joins the bullish chorus. He predicts a new high for the meme coin, citing the meme coin’s recent price action and its inherent strength.

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

Featured image from Reddit, chart from TradingView

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