PEPE hits new high: will $0.0000191 be the next milestone?

Followin' the public account: Lazy King Squirrel Pepe Coin (PEPE) has gained significant attention in the past week. The token price has surged over 8%, showing strong momentum. With increasing trading volume, many are wondering if this uptrend will continue into the final days of the year. Will PEPE reach $0.0000191 next? Let's dive into the key factors that may impact its future. To learn more about the crypto world and get the latest news, feel free to join my group; QQ: 3786051908 or follow the public account: Lazy King Squirrel, where we have a professional community that provides daily market analysis and recommendations for promising potential coins. Why is PEPE gaining attention? The strong buying pressure has driven the recent surge in PEPE. On December 29th, the buying volume reached 78, a number close to 100, indicating robust demand, which typically leads to price increases. Meanwhile, PEPE's market capitalization has also been growing, currently exceeding $7.88 billion. This makes PEPE the 24th largest cryptocurrency by market cap. The strong trading volume and rising demand suggest greater growth potential. Santiment's data also provides positive signals. The network growth has rebounded after a brief decline, indicating more new addresses are being created. Additionally, the MVRV ratio has increased, suggesting the market capitalization is growing faster than the actual value. This is a good indicator of a healthy market condition. Can PEPE maintain its bullish momentum? Over the past week, the token supply held by whales has increased, confirming their confidence in the token's future. Despite these positive trends, there are also signs of caution. The MA Cross indicator shows a slight bearish trend. The 21-day moving average (MA) is above the 9-day MA, which may signal potential challenges ahead. However, with the sustained buying pressure and network activity, PEPE may easily reach $0.0000191. Nevertheless, if the trend reverses, PEPE could face a price correction, potentially dropping to $0.0000181. Traders should closely monitor the key levels to look for signs of a shift. Currently, PEPE's recent rally has been strong. Under the right conditions, the $0.0000191 target seems achievable. However, market volatility may impact the token's performance.