With its current growth rate, PEPE is just 19% away from reaching its highest value to date. The moving average data suggests that PEPE is in a strong buying zone.
PEPE has been on a thrilling ride, steadily climbing towards a new all-time high. Just under two months ago, the price of PEPE reached its peak at $0.00001074. At its current pace, it is only 19% away from reaching that milestone.
Source:
CoinMarketCap
After hitting a low of $0.000006051 a week ago, the token’s value has skyrocketed to its current price of $0.0000088859. This represents a 5.76% increase in the last 24 hours and a 26.96% increase in the last 7 days, according to data from CMC. Furthermore, there have been transactions worth $850.34 million, and the market cap has increased by 5.05% to $3.72 billion.
The bullish momentum of Bitcoin, which is currently trading above $64,000, has had a ripple effect on the entire cryptocurrency market. As a result, the total value of all markets worldwide has risen by 1.10% to $2.37 trillion.
While the overall market trend has contributed to PEPE’s recent price surge, there are other factors at play as well. These factors are expected to support PEPE in achieving its new all-time high in the long run.
According to technical analysis, there has been a significant increase in the purchase of PEPE. The moving average data suggests that PEPE is in a strong buying zone. Additionally, the MACD level indicates that the coin is in a favorable buying zone.
The rising price of PEPE can be attributed to the growing purchasing pressure in the market. The fact that the token has been in the green for 18 out of the last 30 days is further evidence of optimism among PEPE investors.
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