Are PEPE Bulls Gearing Up for a Bigger Rally?
Release: 2024/11/11 22:49 Reading: 966
Bullish Surge for PEPE
PEPE's upward momentum persists, registering a notable 3.42% surge in the past 24 hours. This upswing is accompanied by a substantial 223% increase in its daily trading volume.
While the overall cryptocurrency market has experienced a modest 1.70% gain, meme coins like DOGE and Shiba Inu have witnessed significant rallies. In this bullish sentiment, PEPE has emerged as a standout performer.
PEPE's Price Performance
After a 3.42% surge, PEPE has broken through previous resistance levels, trading within the $0.00001284 range in the morning hours. It reached a high of $0.00001309, pushing the meme coin past key junctures.
At the time of writing, PEPE is trading at $0.00001205 with a trading volume of $5.07 billion. According to data from CoinGlass, approximately $7.11 million in PEPE was liquidated during this period.
Technical Analysis
PEPE's weekly price chart indicates a gain of over 48%, with the asset initially trading at $0.000008257. However, the price has steadily risen to its current level.
The four-hour price chart suggests the likelihood of an upside correction. PEPE's bullish momentum could potentially lead to a break above its current price range. A retest is possible, with the meme coin targeting the $0.00001310 range.
Alternatively, a collapse in PEPE's uptrend could result in a decline towards a low of $0.00001124. Such a development would reflect the inability of the meme coin to sustain its bullish momentum, potentially resulting in a prolonged downtrend.
Technical indicators, including MACD and CMF, indicate positive momentum for PEPE. The MACD line is positioned above the signal line, suggesting a potential bull run. The CMF indicator at 0.11 indicates increased money flow.
While PEPE's daily RSI suggests a possible entry into overbought territory (65.20), the short-term 9-day MA remains above the long-term 21-day MA on the daily timeframe.
Conclusion
PEPE's bullish momentum continues to gain traction. Its technical indicators and positive market sentiment suggest potential for further upside movement. However, investors should exercise caution and remain aware of potential corrections or downtrends.
Recent news
More>- How high can Pepe Coin price climb in 2024? 11-21
- Should You Buy Bonk Now or Invest in New Low Cap Meme Coins 11-21
- Floki burn rate rises as expert predicts a 92% surge 11-21
- Top Tokens on the Rise: 3 Cryptos That Could Enter the Top 10 Market Cap Soon! 11-21
- New Meme Coin Pepeto Launches Presale – Next Pepe Clone to Watch? 11-21
- Is It Too Late To Buy FLOKI? Floki Price Soars 13% And This Might Be The Next Crypto To Explode 11-21
- AI Pepe Boss Solana Memecoin to Explode 19,000% Before Exchange Listing, As SHIB and Dogecoin Lag 11-21
- AI Pepe Boss (AIPEPE) Solana Memecoin to Explode 19,000% Before Exchange Listing, As SHIB and Dogecoin Lag 11-21
- Which meme coins will explode? Top coins & new launches 2024-2025 11-21
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com