Will PEPE prices surge again?
PEPE is currently trading above key moving averages, showing an upward trend. According to the Fibonacci retracement tool, the price found support at 23.6%. If the price remains above this level, it may continue its upward trend.
PEPE has performed well throughout the year, with a return of 1034.62% from the beginning of the year to date, 833.54% in the past six months, 116.59% in the past three months, and an increase of 76.86% in the last month, showing extremely strong bullish momentum.
As of this writing, PEPE is trading at $0.0000147, up 1.10% intraday. Its market capitalization reached $6.2 billion with a 24-hour trading volume of $1.43 billion. In addition, its volume/market value ratio is 23.20%, indicating good liquidity. Its fully diluted market capitalization is $6.16 billion.
Despite its recent 20% pullback from its all-time high, PEPE is still showing bullish signs. The price is currently trading above key moving averages and is holding support at the 23.6% Fibonacci retracement level.
Social indicators have declined, which may be related to the recent price drop, indicating that increased social media activity may have a positive impact on prices.
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