- PEPE nears its all-time high, only 19% away from surpassing it.
- PEPE’s value increased by 26.96% over the past week.
- Bitcoin’s rise to $64,000 boosts overall crypto market, aiding PEPE’s surge.
PEPE
A week prior, the token’s value had plummeted to a low of $0.000006051, but it has since surged to its present value of $0.0000088859, marking a 5.76% increase over the past 24 hours and a 26.96% rise over the past week, according to data from CoinMarketCap (CMC). Additionally, there have been transactions totaling $850.34 million, and the market capitalization now stands at $3.72 billion, reflecting a 5.05% growth.
Positive Trend
With Bitcoin’s remarkable ascent past the $64,000 mark, the entire crypto market is experiencing a similar upward trend. Bitcoin has seen a significant jump this week and is currently priced at $64,260. Consequently, the aggregate market value globally has seen a 1.10% uptick, now estimated at $2.37 trillion.
The overall bullish market trend has contributed to the recent surge in PEPE’s price, but other factors are also at play. These factors are expected to support PEPE in achieving a new all-time high (ATH) in the foreseeable future.
Technical analysis suggests a notable uptick in PEPE purchases. Data from the moving averages suggest that PEPE is currently positioned in a strong buying zone. Furthermore, the Moving Average Convergence Divergence (MACD) indicator also points to a buying zone for the coin.
The increasing buying pressure in the market is continuously driving up PEPE’s price. The token’s 18 days of positive price movement out of the last 30 are further proof of the bullish sentiment among PEPE investors.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
