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- 1 PEPE coin experienced a bullish dominance in recent sessions.
- 2 The meme coin ignited a new wave of hope among the cryptocurrency enthusiasts.
PEPE coin demonstrated a remarkable surge of 140% this week. Its market cap has soared to a remarkable $1.12 Billion, which the analysts expect will touch the $1.8 Billion mark.
Pepe coin is a cryptocurrency inspired by the Pepe the Frog meme, which became famous in the crypto space after its launch in May 2023. It has a total supply of 420.69 Trillion PEPE tokens, and none of them are locked or burned, making Pepe coin a distinctive and appealing option in the meme coin market.
PEPE’s recent 140%+ spike and its rise to a market cap of over $1 Billion demonstrate the increasing power of meme coins in the cryptocurrency scene.
PEPE Price Technical Analysis On Daily Technical Chart
Over the week, PEPE crypto experienced an approximately 140%+ spike. Over the month, it inclined over 152.05%. Over the past three months, the increase was about 153.61%, while the incline extends to around 233.43% over the last six months. Furthermore, the crypto’s performance throughout the year has been outstanding, with a year-to-date jump of approximately 107.30%.
At press time, the PEPE crypto price was $0.00000268257, with an intraday gain of 0.93%, showing bullishness on the charts. Moreover, the trading volume is $1.39 Billion. The market cap is $1.2 Billion.
TradingView indicator summary shows that out of 25 indicators, 2 are on the sell side, 8 are on the neutral side and 15 are on the buy side. Essentially, the summary is dominated by buying signals. At the time of publishing, PEPE crypto (USD: Pepe) was trading above the 50 and 200-Day SMAs (Simple moving averages), which are supporting the price trend.
Summary
PEPE (USD: Pepe) technical oscillators and indicators support the bullish trend. The MACD, RSI, and EMA are highlighting positive indications and suggest that the bullish trend may resume in the Pepe crypto price. Moreover PEPE crypto can go high if it gets the desired support from buyers.
Technical Levels
Support Levels: $0.00000168608
Resistance Levels: $0.00000300000
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
