After receiving support from Arthur Hayes, PEPE coin's price surged significantly, with technical indicators and current market trends suggesting the potential for further gains.

PEPE Coin's Growth Following Arthur Hayes' Endorsement

#Pepe Coin (PEPE) experienced a notable increase, reflecting positive developments in the cryptocurrency market. This growth is linked to rising investor confidence, creating a favorable outlook for the asset's future performance.

 Arthur Hayes Invests in Pepe Coin, Boosting Its Value

Over the past week, PEPE's price has climbed by 26%. This rise comes from increased interest following public backing from Arthur Hayes, which surfaced on social media. In a tweet from Lookonchain, Hayes promoted several meme cryptocurrencies, including $MOTHER, $MOG, and $PEPE, #Fatty .

 Additionally, it was revealed that Hayes withdrew 24.39 billion PEPE, worth approximately $252.68k, from Binance, further sparking investor interest in the coin.

 Bullish Market and Growth of Other Cryptocurrencies

The current bullish trend in the cryptocurrency market, including Bitcoin's rise to $65k, is a key driver behind the growth of other digital assets. Meme coins like Dogecoin have risen by 9%, SHIB by 16%, and WIF by 7%. This development creates strong prospects for further gains in PEPE, especially as October approaches.

 Can PEPE Achieve a 90% Gain?

PEPE's price has risen to $0.00001068, marking a 17% increase. This growth comes after recovering from a lower level of $0.00008886 and reaching a high of $0.00001045.

 PEPE now faces a critical resistance level at $0.000011. If it breaks through this barrier, the price could climb to $0.000012 and potentially even to $0.000015. If market enthusiasm continues, the altcoin could even reach $0.00002, representing a gain of over 91%.

 Technical Indicators and Future Outlook

Daily technical indicators point to strong upward movement in PEPE's price. The Relative Strength Index (RSI) is currently at 73.82, indicating the asset is in overbought territory but may still achieve further gains.

PEPE Coin Price Chart|( Source: TradingView )

 Currently, 93.62% of PEPE holders are "in the money." This optimism, along with growing transaction volumes, is attracting more investors, potentially driving the price higher.

( Source: IntoTheBlock )

 Given the current market momentum and the active participation of major players like Arthur Hayes, the bullish sentiment around PEPE is likely to continue. If the coin breaks through key resistance levels, it could see further significant gains in the coming weeks.

 Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“