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PEPE Price Jumping High; Sharp Surge In Trading Volume

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PEPE coin grabbed everyone’s attention as the price surged by almost 119.25% and 913.76% in just 3 months. Analysts are looking positively at the coin giving higher targets.

PEPE Is Quite Popular Among Investors

PEPE social metrics are on the upsurge Showcasing the discussion of the memecoin in the crypto media.

The social dominance and price charts had stabilized until February 2024. Nevertheless, there was a significant shift in price, and engagement on social media platforms such as Telegram, X, and Instagram has risen since February 2024. These developments resulted in Pepe crypto reaching its highest price ever.

Pepe has shown significant buying pressure this month, with a 58% increase in price so far. Since March, Pepe has struggled to surpass the key resistance level of $0.00000900.

However, it recently broke through this resistance level, accompanied by a 280% increase in trading volume. In terms of trading volume, PEPE crypto holds the 7th position in the cryptocurrency market.

The asset’s price has been on the rise since mid-April, forming higher highs and higher lows. On May 13, 2024, the PEPE price reached an all-time high of $0.00001119.

PEPE Performance On The Technical Charts 

PEPE by writer12_gsm on TradingView.com

Pepe’s value has been on an upward trend since February 2024 and has increased by approximately 1000%. The technical chart suggests that the PEPE cryptocurrency price has initiated a breakout.

Currently, Pepe crypto is trading at $0.00001088, marking a 9.68% increase in the last 24 hours. Its market capitalization stands at $4.25 Billion, with a 24-hour trading volume of $2.15 Billion.

If buyers express interest and the price remains above the significant resistance level, the price could continue to rise for the long term and reach new all-time highs. Conversely, if the asset price fails to maintain the all-time high and trading volume decreases, the price could drop below the $0.0000900. 

If the price remains below the significant resistance level, many investors might opt to take profits, potentially leading to a bearish trend. The sudden surge of in trading volume could attract buyers following this breakout.

Based on the technical indicators, the Pepe crypto price is trading above the key moving average, signaling bullish trends. The RSI has quickly risen from lower levels to oversold zone.

Summary

PEPE coin has surged 119.25% in a month, reaching an all-time high and holding the 7th position in the crypto market. The trading volume and social media engagement have also increased. The current price is $0.00001088, with a market cap of $4.25 Billion and a 24-hour volume of $2.15 Billion. If the price stays above the significant resistance level, it could continue to rise for the long term.

Disclaimer

It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.

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