$PEPE Coin Soars to New All-Time High Amid Market Optimism:
Pepe Coin (PEPE) has seen a significant rise recently, reaching new all-time highs. On June 25, 2024, the coin's price was $0.00001358, reflecting an intraday rise of over 22%, with a monthly return of 130.29% and an annual increase of 890.27%This surge is driven by strong market confidence and speculation about the possible approval of a spot Ether ETF in the U.S., which has positively influenced the entire memecoin market
Technical indicators show a bullish trend, with PEPE surpassing the $0.000015 resistance level and potentially aiming for targets of $0.00003 and $0.00005 if the momentum continues. The market's enthusiasm is further evidenced by a significant increase in trading volume and open interest in PEPE futures contracts, suggesting growing investor confidence
However, there are also signs of potential profit-taking, as indicated by the drop in weighted sentiment and a high MVRV ratio, which could lead to a market correction. Despite this, the overall sentiment remains bullish, with predictions suggesting further growth in the near term.
