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Could PEPE rally after weeks of silence?

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PEPE News

Cryptocurrencies

PEPE is down nearly 1% on Tuesday, as key on-chain metrics indicate the meme coin could be set for a rally after weeks of relative sideways movement.

has struggled to see any significant price move after reaching an all-time high in May. Increased adoption rate and low MVRV ratio indicate a bullish run may be on the horizon. A single

is down over 34% from its May 27 all-time high of $0.000017. In the past month, it has struggled to establish a clear price trend, having a mix of several short-term upward and downward movements. According to data from IntoTheBlock, 's transaction volume has also been declining for more than a week. It reached $56.23 million on June 29 before recovering slightly to $81.29 million on Monday. Low volume often indicates exhaustion from bulls and bears. This is also evident in

has been relatively quiet, its new adoption rate has increased significantly in the past few days, reaching 58.49% on Monday — its highest level in the past year. In addition, Price, MVRV & DAA . According to Whale Alerts, someone moved 1.1 trillion

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