Will PEPE Coin Reach New ATH This Week?
Pepe has surged in value by 6% over the past 24 hours, now hovering at $0.00001265. Its market cap has risen to $5 billion, making it the 22nd largest cryptocurrency. Trading volume has also spiked by 38% to $1.1 billion, indicating increased activity.
Pepe Price Sees Positive Shift Amid Market Optimism
Over the past week, PEPE has increased by 8%, despite remaining 26% below its all-time high of $0.00001718 from May 27, 2024. The coin has seen a 4556.42% increase year-on-year.
Growing Open Interest Indicates Strong Market Sentiment
Open interest for PEPE surged by 15% to $156 million, showing strong market optimism. The approval of the spot Ether ETF has also driven interest in PEPE.
Can Pepe Rally Over $0.00002 This Week?
Pepe’s resistance level is at $0.000013, with potential to rise to $0.000015 and $0.00002. Conversely, it could drop to a support level of $0.000012 or $0.000011.
Technical Indicators
The MACD shows a bullish crossover, and the RSI is at 60, leaning towards overbought, indicating increasing buying momentum.
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