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Highlights
- Pepe Coin surged 8%, hitting a high of $0.00001127, after starting the day at $0.00001002.
- Trading volume jumped 111% to $1.37 billion in just 24 hours.
- Crypto analysts suggest PEPE is well-positioned for a breakout, especially if Bitcoin continue to lead the market.
The Pepe coin has gained attention again due to new whale buying and higher trading volume. The memecoin experienced a 8% price increase, accompanied by a steady rise in trading volume during this surge.
Pepe Coin Jumps 8% As Trading Volume Doubles
According to data from CoinMarketCap, Pepe coin has climbed by 8% in the last 24 hours. At the start of the day, PEPE started near its lower range at $0.00001002. It then climbed steadily to a high of $0.00001127. Technical analysis suggests that key resistance levels between $0.0000101 and $0.0000111 may have been breached, thereby strengthening the current upward trend.
Adding to this surge, the overall crypto market has risen by 2.85%, helping most major digital assets return to recent highs. In particular, the meme coin sector has performed well, with its total market value increasing to $64.2 billion after a gain of 7.1%, according to CoinGecko data.
This momentum aligns with Pepe coin’s trading volume jumping from 111% to $1.37 billion. This increase in activity shows that both large investors and everyday traders are getting back into the market.
Additionally, the supply of Pepe Coin on exchanges decreased, a sign that traders may be moving tokens to cold wallets, anticipating further gains rather than quick sales.
Chart Signals And Bullish Market Outlook Favor Pepe Coin
Crypto experts watching Pepe Coin see potential for more gains. In a recent post on X, crypto analyst Tony pointed out that Pepe Coin, which runs on the Base network, has a fair and clear project setup along with a reliable team. This, along with renewed interest from big investors, is encouraging loyal holders.
Notably, Bitcoin has recently reached a new all-time high of over $112,000. This increase is supported by a strong daily trading volume of around $60 billion and rising optimism about the CLARITY Act. Meme coins like PEPE usually follow Bitcoin’s trend, and this situation is no exception.
Adding to the positive backdrop, reports indicate that President Donald Trump is pushing for a major cut of 300 basis points in the Federal Reserve’s interest rates. If this happens, it could inject a large amount of cash into the markets. This situation usually helps high-risk, high-reward investments like meme coins.
While some might worry about Pepe Coin’s decline from its previous all-time highs, experienced market watchers point out that meme coins often lag behind larger cryptocurrencies before rising again at the end of bull markets. With Bitcoin and Ethereum likely to continue increasing in value, more money may move into smaller, riskier coins like Pepe Coin.
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