Highlights
Pepe, an Ethereum-based meme coin, has experienced notable activity in the past day. Pepe price has shown signs of significant market movement over the past week, trading in an ascending trend, indicating a potential bullish breakout.
As of the reporting time, PEPE price hovered at $0.00001211 during the European trading session, making a slight surge of 3%. The trading volume for Pepe has also risen sharply by 32% in the last 24 hours, reaching $1 billion.
According to CoinMarketCap data, Pepe’s current market capitalization is approximately $5 billion, ranking it #22 among all cryptocurrencies. The circulating supply of Pepe is entirely out, with 420 million PEPE tokens in circulation, mirroring the total supply cap.
Over the past week, Pepe price has seen a significant rise in value, with an increase of 42.%. The meme coin has been trading in a relatively bullish trend, showing strong upward momentum that reflects a growing interest among investors.
The meme coin has been trading in a notably bullish pattern, particularly evident in its rapid ascent on the charts from July 16th to July 19th. Pepe has traded between $0.00001175 and $0.00001299 in the past day, reflecting a fluctuating yet positive trend. This movement marks a notable recovery, although it is still below its all-time high of $0.00001718, reached on May 27, 2024.
Binance has recently announced a special promotion for its Pepe (PEPE) Simple Earn Flexible Products. During this limited-time event, subscribers to these products can gain an additional bonus Annual Percentage Rate (APR) of 8%.
This is in addition to the regular Real-Time APR that users normally receive. This unique offer will enhance returns to those investing in PEPE through Binance’s flexible product options.
Pepe coin is currently showing signs of a bullish market trend. If this momentum continues, it may reach a resistance level of $0.000013, signaling a possible market turnaround.
Stabilizing at this point could further boost its value to around $0.000015 by the end of the month. A stronger bullish influence could push it past the $0.000005 mark.
Conversely, if bearish trends persist, the cryptocurrency could decline to a support level of $0.000012. If negative trends continue, a further dip to $0.000011 is possible. With ongoing market adjustments, Pepe’s price might fall to $0.00001, suggesting an oversold condition.
The daily technical indicators for the PEPE highlight significant trading activities. The Moving Average Convergence Divergence (MACD) exhibits a slight convergence towards the signal line, suggesting a potential reversal.
The Relative Strength Index (RSI) is at 57, indicating a relatively neutral position. This level suggests the asset is neither overbought nor oversold, providing strong momentum.
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