๐ธ๐๐Pepe Price Near All-Time High; Will It Continue To Rise Further?
The price of #pepe has increased by 120% in the last three weeks, which shows the strength of the bulls.
Its market capitalization has increased by 17% in the last 24 hours.
Pepe is a deflationary meme coin released on Ethereum and aims to capitalize on the popularity of meme coins such as Shiba Inu and Dogecoin. The huge increase in the Pepe coin caused its market value to increase to $ 1.60 billion in April.
The PEPE coin price chart has gained around 800% since February, demonstrating a strong buying pressure. After the strong buying pressure, the price has entered a consolidation phase at the peak.
Since June, the Pepe coin price has been facing resistance from the $ 0.00000200 supply zone. In the last week of February, the digital asset price triggered a breakout from this region and witnessed strong buying pressure.
The bullish trend broke down near the $0.0000100 mark and has struggled below this level for the past two months. In mid-April, the price fell below the channel, but buyers returned and entered the channel again.
Volume and Market Capitalization Analysis for PEPE Crypto
The trading volume increased by 100% in one week, which positively affected the market capitalization. Its market capitalization has increased by 50% in the last four days. Due to the positive change in trading volume and market capitalization, the price may trigger a breakout from the channel.
