The PEPE/USDT trading pair has been experiencing notable volatility, as reflected in its recent performance. As of December 26, 2024, the price stands at $0.00001739, showing a 6.76% decline over the past 24 hours. Despite this drop, the 90-day performance reveals a significant 82.95% increase, and its one-year performance boasts an impressive 1,206.77% growth.
This surge indicates continued interest from the memecoin community, bolstered by a large volume of trading activity, with 14.09 trillion PEPE tokens exchanged in the past day. However, the short-term momentum, as shown by moving averages (e.g., MA5 and MA10), suggests cautious trading amid potential market corrections.
Heading into December 31, PEPE’s outlook will likely depend on community-driven sentiment and broader market trends. If PEPE manages to sustain its upward trajectory seen in the longer term, it could close the year positively. Conversely, further corrections may occur if bearish pressure persists. Investors should remain vigilant, leveraging technical indicators and market developments to make informed decisions.
