PEPE Surges 12% to $0.00002123 Amid Bullish Momentum
PEPE, the third-largest meme coin, is trading at $0.00002123 after a 12.63% surge in the last 24 hours. Its daily trading volume has risen by 36.16%, signaling growing interest. Bitcoin’s rally to a record $99.3K has provided a lift to altcoins like PEPE, driving significant price gains.
The meme coin is now only 15.15% shy of its all-time high (ATH), with analysts predicting a potential breakout rally if bullish momentum persists. PEPE opened the trading session at $0.00001891, climbed past resistance levels, and reached a daily high of $0.0000216. Its market cap currently stands at $9 billion, with a trading volume of $5.39 billion in the past 24 hours.
Weekly Performance and Technical Indicators
Over the past week, PEPE has gained 10.59%, climbing from $0.00001935 to a weekly peak of $0.00002388. Technical analysis suggests that the coin is maintaining positive momentum. The Moving Average Convergence Divergence (MACD) line indicates a potential bullish trend, while the Chaikin Money Flow (CMF) at -0.03 suggests slightly reduced money inflow.
The Relative Strength Index (RSI) is at 59.18, reflecting neutral market sentiment, while the 9-day moving average is positioned above the 21-day moving average, signaling short-term bullish momentum.
Price Outlook: Is PEPE Headed for a New ATH?
If the current trend continues, PEPE could test its new resistance level at $0.00002597. A breakout above this level may trigger a rally toward a new ATH. Conversely, if momentum weakens, the coin could retest support at $0.00001648. Sustained selling pressure at this level could push prices lower.
With bullish momentum, growing trading volume, and positive technical signals, PEPE remains a key coin to watch as it eyes a potential breakout.
