PEPE Rockets 300% in March: Is It Time to Buy or Wait? Pepe [PEPE], the meme coin sensation, has been on a wild ride lately, with its value soaring to new heights. But is it a good time to jump on the bandwagon?
Taking a closer look at the charts, Pepe's price has skyrocketed by an impressive
300% since the start of March. The recent surge even pushed it up by
32% in a single day!
However, caution might be warranted as Pepe finds itself in the
overbought zone, with the Relative Strength Index (RSI) nearing
90. Is this a sign of an impending correction?
Trading volume has been off the charts too, consistently surpassing
$2 billion and peaking at over
$4 billion. It's clear that interest in Pepe is not slowing down.
With over
84,000 active addresses, the highest in nearly a year, it seems like everyone wants a piece of this meme coin action. But will the trend continue?
Profitability is another factor to consider. Currently, every single PEPE holder is sitting pretty as
100% of the supply is in profit. That's quite a rare sight!
The last time we saw such widespread profitability was back in May 2023. So, are we due for a cool-off period or could there still be room for growth?
While past performance is no guarantee of future results, it's worth keeping an eye on Pepe's MVRV ratio, which stands at an impressive
118% at press time.
In this volatile market, timing is everything. So, before diving into the world of meme coins, take a moment to assess the risks and rewards.
To buy or wait? The choice is yours!
