🐸🚀🚀 Price of $PEPE close to the historical maximum; Will it continue to rise further?
The#pepeprice has increased by 120% in the last three weeks, which shows the strength of the bulls.
Its market capitalization has increased by 17% in the last 24 hours.
Pepe is a deflationary meme coin launched on Ethereum and aims to capitalize on the popularity of meme coins like Shiba Inu and Dogecoin.
The Pepe coin's huge rise saw its market value increase to $1.60 billion in April.
The PEPE coin price chart has gained around 800% since February, demonstrating strong buying pressure.
After strong buying pressure, the price entered a consolidation phase at the peak.
Since June, Pepe coin price has faced resistance from the $0.00000200 supply zone.
In the last week of February, the price of digital assets triggered a breakout in this region and witnessed strong buying pressure.
The uptrend broke near the $0.0000100 mark and has been struggling below that level for the past two months.
In mid-April, the price fell below the channel, but buyers came back and re-entered the channel.
Volume and market capitalization analysis for PEPE Crypto.
Trading volume increased by 100% in one week, which positively affected market capitalization.
Its market capitalization has increased by 50% in the last four days.
Due to the positive change in trading volume and market capitalization, the price may trigger a channel breakout.