Pepe Rallies 75% Hitting New ATH As AltSeason Takes Charge
Release: 2024/11/14 20:24 Reading: 490
PEPE Memecoin Surges by 75%
The memecoin PEPE has experienced a remarkable 75% surge in value over the past 24 hours, reaching a new all-time high.
Market Momentum
The cryptocurrency market is approaching a $3 trillion market capitalization, driven by Bitcoin's upward trajectory and favorable regulatory developments in the United States. This bull run has also benefited the Altseason, where alternative cryptocurrencies have witnessed price breakouts.
PEPE's Rally
Within the memecoin sector, PEPE has been a standout performer. It recently breached the $0.00002 resistance level and surged to a new ATH of $0.00002524. At the time of writing, PEPE is trading at $0.00002256.
Whale Activity
PEPE has also attracted attention from whales. Recently, an address (0x2da) sold 500 billion PEPE with a profit of over $45 million. Other whales have previously exhibited buying activity, as indicated by an overbought RSI of 88.77.
Weekly Price Action
In the past week, PEPE has climbed by 118.20%, rallying from $0.00001034 to its current levels. Technical indicators, such as the Chaikin Money Flow (0.37), suggest an ongoing bullish trend.
Volatility
Despite this upward momentum, PEPE's price has also exhibited increased volatility with significant price fluctuations. Its Relative Volatility Index (92.49) indicates high market volatility.
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