The meme coin PEPE, which represents the famous frog 🐸, has seen unprecedented activity in the crypto market 💰, reflecting bullish movements 📈 that could be an indication of regained confidence 🚀. Over $1.14 billion worth of PEPE 🔄 has been traded in the last 24 hours, showing a significant increase in investor interest in the asset 📉.
PEPE price evolution 💹
According to data from CoinMarketCap 💻, the PEPE market saw a significant jump in trading volume of 19.74% 📊 to $11 billion 💵. This increase reflects the movements of investors and traders who are taking new positions 💼 in anticipation of a possible market recovery 🔄.
PEPE price analysis at the moment 🔍
As of writing ✍️, PEPE is trading at $0.00002549 💲, reflecting a 2.15% increase 📈 in its value, as the coin continues to face challenges in maintaining price stability ⚖️. Earlier, the price reached $0.00002748 before witnessing some volatility ⚡ due to market volatility 🌪️. However, PEPE managed to find a support level at $0.0000185 🔒, where it is trading around this level despite the price changes 🔄.
This development is a significant improvement in PEPE’s performance 📈, especially after it dropped to its lowest level over the past week at $0.00001455 🥲. The coin appeared to be regaining its strength 💪 as it began a correction process, indicating a possible return to higher levels if the current momentum continues ⚡.
Is PEPE experiencing a major rebound? 🚀
Analysts point out that for PEPE to return to levels close to $0.00002760 💵, which it reached in mid-December 🗓️, community support must remain strong 💬. It is well known that communities supporting meme coins play a crucial role in driving price action 🔥.
For example, Elon Musk 🧑💼, who is known for his passion for memes 😂, recently created a buzz around PEPE when he posted a meme on the X platform 📱, refocusing attention on the coin. Whale activity 🐋 could also help determine the market direction, increasing the chances of a return to PEPE’s earlier price levels ⏳.