After the rise, what will happen to PEPE next? 🐳
When the cryptocurrency market turned bullish, Pepe (PEPE) caught investors off guard as it achieved explosive growth in the past 24 hours.
Meanwhile, the buying pressure on memecoin began to rise, indicating that its bullish price trend will continue further. Data shows that the price of memecoin has increased by more than 28% in the past 24 hours alone.
Currently, PEPE is trading at $0.00001237 with a market capitalization of more than $5.2 billion, making it the 22nd largest cryptocurrency.
According to the data, nearly 80% of PEPE investors are profitable again due to the recent price increase.
The double-digit price increase has investors hopeful about the possibility of PEPE entering the top 20 list, as the market capitalization difference between memecoin and the 20th largest cryptocurrency is just over $200 million.
According to the chart, if the price continues to rise, then the possibility of PEPE entering the top 20 list is high. More importantly, MACD showed a bullish crossover.
In addition, its relative strength index (RSI) and Chaikin money flow (CMF) both rose, indicating that memecoin may continue its bull rally.
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