PEPE has once again proved why it is one of the most famous meme coins as the coin continues to surge for days and aims at new all-time highs. Less than two months ago, PEPE price reached an ATH record of $0.00001074. And with the current surge, it is only 19% away from achieving this goal.
In the past 24 hours, the coin has surged by 2.24% and 23.64% in just one week. Not only that, its market cap of $3.64B has also risen by 2.74% and the trading volume is $720.79M.
The overall market performance has pushed up the value of PEPE, but some other factors have also contributed to the current price surge. Ultimately, it will also help PEPE achieve a new ATH.
The Bullish Nature of PEPE Technical analysis shows a surge in buying for PEPE. According to the moving average data, PEPE is in a strong buy zone. The MACD level also indicates a buy zone for the coin. As the market buying pressure increases, the PEPE price keeps rising.
The coin is above the 200-day moving average (SMA), indicating continued positive price momentum. The coin has been green for 18 of the past 30 days, which is another sign of bullish sentiment among PEPE holders.
Moreover, PEPE holders have increased over the past month. On April 7, around 199,268 holders were present, but as of today’s data, the number of present holders is over 251,308.
Coinbase had announced the listing of 1000PEPE-PERP on the network in early April. But after several delays, the listing was completed in late April, which created positive sentiment for the meme coin.
It is fully operational on the Coinbase International exchange and Coinbase Advanced. More importantly, it offers a variety of market orders, limit orders, stop orders, and stop-limit orders.
PEPE price continues with the same trend and has surged relatively close to the ATH value. Many investors believe that PEPE may create a new ATH record in the coming days due to the current bullish indicators. PEPE is already one of the most profitable cryptocurrencies as its profits were the highest in the last year.
