With the general upward trend in the market, PEPE increased by 7.75% in the last 24 hours, increasing its price to $ 0.000013.
This sudden increase follows the PEPE token's impressive monthly rise of 27.8%. However, it gave back some of these gains, experiencing an 11% decline on a weekly basis.
The long-term potential of PEPE, which has achieved a significant return of 1,339.30% over the past year, surpassing major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), is welcomed by investors.
The 24-hour trading volume for this memecoin reached $1.41 billion, up 10% in the last 24 hours. This increase in trading volume indicates that selling pressure has decreased and indicates the potential for further price recovery.
Pepe Trend Reverses – What's Happening?
PEPE seems to have returned to its uptrend, with a 10% recovery in recent hours.
Over the last 36 hours, the price has followed a yellow trend line and this line has acted as support, indicating a potential trend reversal.
This positive development is also supported by the relative strength index (RSI). The increase in RSI from 25 to 65 in the last 24 hours indicates that the selling pressure has decreased and there may be a change towards an upward trend. This type of RSI movement can be an important signal for investors looking to evaluate buying opportunities.
Additionally, the 30-day moving average (orange) is trending upwards towards the downward 200-day moving average (blue), indicating that PEPE's short-term momentum may temporarily suppress the overall downtrend. If it can successfully break above the 200-day moving average level, this can be considered a sign that the bullish trend is confirmed.
Although PEPE is a meme coin with no unique fundamentals, it continues to make waves by being sensitive to movements in the overall crypto market.
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