Pepe Coin (PEPE) has recently shown significant market activity, showing a 30% increase over the past week, indicating a growing interest in the meme coin sector. Pepe Coin is currently trading at around $0.0000119, with a significant 24-hour trading volume of $924,150,120, although it has seen a slight decline of 1.73% in the last day. This move comes amid a broader positive trend in the crypto market, with Bitcoin rising over 11% to surpass the $64,000 mark, setting a bullish backdrop for meme coins like PEPE.
Since July 5, Pepe Coin has been trading in a range of $0.0000090 to $0.00001257, consolidating its gains and giving way to further upside movement. This consolidation pattern has formed an ascending triangle, which is usually a bullish indicator in technical analysis, suggesting that Pepe Coin could see additional gains if it breaks out of this pattern. The live price of Pepe Coin, updated in real-time, is $0.000012 with a trading volume of $1,168,293,397 over the past 24 hours, indicating a 5.90% increase.
Compared to other meme coins
Pepe Coin has shown remarkable resilience and growth in the competitive meme coin market, seeing a remarkable 470% increase over the past year. This performance stands in stark contrast to other popular meme coins like Shiba Inu, which saw a 115% increase in the same period.
Despite Pepe Coin’s price dropping to $0.0000095 compared to Shiba Inu’s $0.000017, its significant gains highlight its potential and growing appeal among investors drawn to meme-based digital assets. As market dynamics evolve, Pepe Coin remains an important player, reflecting the quirky yet serious investment nature of meme-based cryptocurrencies.
The RSI is at 57.88 indicating moderate buying pressure on PEPE while it has not yet entered the overbought zone which means there is still more room to go before a potential pullback. A rising RSI means that people are confident in their investment decisions as well as the heavy buying pressure is pushing PEPE prices higher.
Moreover, the MACD is showing a buying momentum building behind PEPE as evidenced by its line crossing above the signal line which is considered a bullish crossover; provided that other market conditions remain favorable, this current uptrend may continue.
PEPE Coin Market Overview From Cryptocurrency Experts
For example, according to Charlie, a veteran crypto analyst, Pepe Coin ($PEPE) has seen significant bullish momentum within the overall crypto rally. He sees an ascending triangle pattern with resistance holding at $0.0000126000 with increasing lows supporting the idea that there is some upside potential in this meme token. This pattern, coupled with increased buying pressure at lower support levels, indicates strong bullish sentiment in this market.