PEPE Surges 11.60% in 72 Hours: What's Driving This Bullish Momentum?

PEPE has swiftly captured the cryptocurrency market's attention, surging 11.60% in under 72 hours. This rapid growth signals strong bullish momentum, even amidst some short-term bearish indicators.

Currently priced at $0.0000116, PEPE has increased by 2.56% in the past 24 hours. The price has steadily climbed, breaking through resistance levels and forming a bullish trend line.

An increase in social volume, combined with the accumulation of stablecoins by whales, indicates heightened market interest, potentially driving further price increases.

This trend suggests that PEPE's bullish momentum could continue long-term if these on-chain conditions persist. However, a price pullback is possible, as Stochastic RSI and MACD indicators show short-term bearish pressure.

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