Market update - $PEPE has the best MEME coin strength in this pump.
$PEPE has had the healthiest & strongest MEME coin pump because;
- $PEPE has the least open interest build up.
- $PEPE has the strongest spot volume bid (CVD).
- $PEPE has achieved the joint strongest price performance in this pump whilst $SHIB has had a less healthy move.
CVD - $PEPE has the best CVD out of any MEME coin (extremely bullish). The Cumulative Volume Delta (CVD) displays the cumulative volume changes based on the volume traded by sell aggressors versus buy aggressors. By looking at $PEPE's CVD we can see that it has the most aggressive spot buying out of any MEME coin. This is extremely positive to see.
Open interest - $PEPE's open interest is relative modest compared to other MEME coins. This is very healthy and implies stronger spot buying in the last week (healthy for bulls)
Price increases - $PEPE has had some of the strongest price growth in the MEME coin category. However, with the above two charts in mind we can conclude that its price growth was more healthy and sustainable compared to other coins. This is bullish for further price growth.
Opinion - $PEPE is the best MEME to focus on over the coming months. Buying dips and having a long bias is the clear play.
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