🎉🚀Hold on to your hats, BTC enthusiasts! Meme coins are soaring, with PEPE leading the pack to a new all-time high of $0.00001096! This rally comes hot on the heels of GameStop stock trader Keith Gill, aka “Roaring Kitty,” making a comeback on his social media platform, X, after a three-year break.
📈PEPE's price has blasted past the $0.000010 mark for the first time since March 15, marking a 22% increase in the past 24 hours. The coin's trading volume has also surged by a whopping 290.5% to $2.14 billion, and its market capitalization has risen to $4.35 billion, making it the 28th largest cryptocurrency by market value. 🎉
🔍Data from TradingView shows that PEPE's recent rally was supported by a rebound off the ascending trendline, which has been in place since mid-April. The price surge has pushed PEPE above a critical resistance level. However, a dip below the ascending trendline could lead to a retracement towards the demand zone.
🎮Roaring Kitty's return has sparked a meme coin rally, with Solana-based GameStop memecoin (GME) surging over 350% and AMC token witnessing an over 900% increase. Even established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have seen modest gains.
📈Stocks associated with Gill and other meme-related companies also rallied, with GameStop's pre-market trading experiencing a 44% climb, and AMC Entertainment Holdings seeing a 12% increase in pre-market trading.
So, buckle up, BTC lovers! The meme coin rally is in full swing! 🎉🚀