Arthur Hayes Joins the PEPE Hype: But Will It Lead to a 30% Rally
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Posted:
- PEPE appeared extremely optimistic and might climb by 30% to the $0.0000132 level
- PEPE’s long/short ratio stood at 1.084 at the time of writing – signifying strong bullish sentiment among traders
PEPE, currently the third-largest memecoin in the market, has been attracting attention within the crypto sphere due to its significant price surge of over 27% within just two days. Following PEPE’s remarkable performance, it seems that Arthur Hayes, former CEO of BitMEX, could not resist participating in this rally.
Arthur Hayes’ Major Investment in PEPE
On September 27, 2024, on-chain analytics company lookonchain disclosed that Hayes withdrew an impressive 24.39 billion PEPE tokens valued at $252,680 from Binance.
This substantial withdrawal from the exchange might indicate that PEPE’s bullish momentum has only just started and could see considerable growth in the near future.
Present Price Trends
As of now (at press time), PEPE was trading around $0.000001058 following a notable increase exceeding 17.2% over the last day. During this timeframe, trading volume also surged by an impressive 40%, according to CoinMarketCap.
Technical Insights for PEPE and Key Levels Ahead
Source: TradingView div >
Historical price behavior suggests there may be a slight pullback following such an increase; however; there remains significant long-term bullish potential for PEPI given these forecasts indicating movement towards approximately $0.0000132.
The on-chain metrics provide additional backing for this optimistic projection . Per findings by Coinglass ,presently evaluating correctly ; Bitcoin appears affirmatively ahead – signalized through interacting ratios — notably achieving benchmarks set higher than unitary reciprocals.
** Impressive Open Interest Trends**
In addition,
open positions represent increments suggesting upward trends precisely marked per trades appearing which occurred sharply upwards measuring between capacity exceeding thirty percent .Continuously growing henceforth reflects measure indicating bulls committing more capital towards purchasing initiatives rather than opting primarily focusing leveraged arrangements affording risk mitigation appropriate .
Investors increasingly favor build estratégias compounding rate above ten since amassed balance sustained reduces oversell thresholds creating confidence favorable meeting demands variables since pressure outperformed analyst projections thus firmly aligning excess volume forwards making profitable executions possible providing luminous returns effectively incentivizing future activity aimed elevating interest
Traders record previously noted suggesting present dispositions ,with percentages tangibly positioned across high spectrum including oft cited likelihood formulations :
At current standing state where dominant properties showcase nearly fully leveraged structures second indicators would remain indicative .Tracker scans suggested :
-51 % concentrated holding long-held assets
-48 .89 % exhibiting short involvement
This accumulation raises optimistically substantive probabilities reinforcing stable operational thresholds stabilizing assessments occurring across teams worldwide remaining cautious despite rotations trending globally adapting changes influencing sectors entirely marked expansive horizons paving way forth brighter possibilities preserving strategic advantages fostering developments incorporating technological advancements gaining traction ultimately cementing unwavering sustainability vis-à-vis foundations created unhindered performances presently enable safeguard existence results commending expectations forward showing aspirations materialize alongside core advancements evolving profitability delivered enthusiastically signaling resurgence propels relegated standings preemptively optimizing tactical engagements persisting undeterred yielding procedurally insightful indications leading explorations intrinsic resilience encountered invariably surrounding field maintenance demonstrated certain acumen insights reflecting fluid trade practices ensuring capabilities optimizing interactions maintaining productivity existing frameworks!!!
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