Pepe Price Prediction as Huge $900M Influx Sparks PEPE Rally – Is This the End of the Sell-Off?
Today, the PEPE price has experienced a notable rally, contributing to an average 7.45% increase in meme coin values amidst signs of a broader market resurgence.
Over the past 24 hours, PEPE has surged by 10.64%, reaching $0.000012, as the wider market also displays signs of growth.
PEPE has posted a weekly gain of 8.38% despite losses from major cryptos like Bitcoin (BTC) and Ethereum (ETH) , which have retraced.
Notably, PEPE’s 24-hour trading volume has surged 54.73% to $906.71M, also hinting towards a trend reversal.
With renewed positive price action, it seems that PEPE is gearing up for further upside.
Most notably, PEPE’s 30-day moving average (yellow) is trending upwards and converging towards the 200-day moving average (blue). This indicates strong short-term momentum, hinting at a potential shift to an uptrend.
This shift would be confirmed if the 30-day moving average decisively crosses above the 200-day moving average. Such a crossover would facilitate further upside as short-term momentum outperforms the wider downtrend.
In support of this outlook, the PEPE price has rebounded successfully from the $0.00001155 support level (red), indicating strong conviction in the resurgence and signaling the potential continuation of an uptrend.
Additionally, PEPE’s relative strength index (RSI) (purple) has risen from 30 to 70 over the past 24 hours, showing that buying pressure has overwhelmed selling pressure.
Given that PEPE has no real fundamentals of its own, it often rides wider market waves. Most significantly, traders are moving towards meme coins as they continue to outperform other leading cryptocurrencies .
This prominence arises as the meme coin craze has permeated deeper into celebrity culture, with
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