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🎉🎉PEPE’s Bullish Streak Rebounds, Technical Indicators Signal Possible Reversal🎉🎉

🔶Pepe (PEPE) has been bullish the previous week, with prices ranging between an intra-week high of $0.00000654 and a low of $0.00000976. This upward trend may be due to increased investor interest and optimism in the cryptocurrency market, which follows a Bitcoin bull run that has achieved new all-time highs multiple times in the last week.

However, in the previous 24 hours, PEPE bears have had the upper hand, with the price falling to a low of $0.00000761, testing support levels. This price correction could be due to short-term traders taking profits or a transient market downturn, but overall, PEPE is still rising, with weekly and monthly gains of 16% and 795%, respectively, as per CoinStats.

PEPE/USD 24-hour price chart (source: CoinStats)

Concurrently, with Bitcoin’s recent all-time high of $73,000 set today, bulls in the PEPE market have nullified the bearish rise of earlier in the day. At press time, PEPE was trading at $0.00000913, up 11% from its previous low, demonstrating strong purchasing pressure and investor confidence in the token’s potential for growth. PEPE’s market capitalization and 24-hour trading volume increased 12.55% and 22.40%, respectively, to $3.91 billion and $1.58 billion.

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