- The Pepe crypto price has jumped by 55% in the past 2 days.
- The trading volume has surged by 90% in the last 24 hours.
Since the beginning of 2024, the Pepe price has witnessed an enormous growth of 1375%. From the last week of February, the bulls lifted the digital asset price and displayed a directional move of 800% in three weeks. At the level of $0.0000100, some investors preferred to book profit, which led to a correction phase.
Pepe coin price formed a small base near the $0.00000500 mark in mid-April and gained bullish momentum. From mid-April, the PEPE coin price has risen by forming higher highs and higher lows.
MACD has continuously generated green histograms. The Signal line is over the Zero line. The Pepe crypto price traded over the key moving average at the time of writing. The technical indicators are favoring strong bullish momentum at press time.
Huge Transection of Pepe Coin
Based on the source on Twitter, an institutional investment firm called Block Tower Capital bought 202B $PEPE worth $2.22 Million via Cumberland 6 days ago.
BlockTower Capital transferred 202B $PEPE($2.8M) to #Cumberland for sale 2 hours ago after the $PEPE price broke through $0.000014.
BlockTower Capital bought the 202B $PEPE($2.22M) via #Cumberland 6 days ago.
Making $578K in 6 days, with an ROI of 26%. pic.twitter.com/zyntQBRmre
— Lookonchain (@lookonchain) May 22, 2024
Further, on May 22, Block Tower Capital booked profit after a bullish momentum in the PEPE coin. Block Tower Capital made $578K in just 6 days with an ROI of 26%.
Pump in Social Dominance Detected
In the past 4 days, engagement on social media like X, Instagram, and Telegram has increased, affecting the price positively. Suppose the awareness on social media increases; the buyers may dominate further.
Pepe Coin Price Technical Analysis Over 1-D Timeframe
At press time, the Pepe price tarded at $0.0000136, losing around 1.59% in an intraday session. The market capitalization is $5.72 Billion, which has increased by 21% in the past 24 hours. The trading volume is $4.44 Billion, and according to the trading volume, Pepe crypto ranks 6th in the cryptocurrency market.
Track all markets on TradingView
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The Pepe coin price has been bullish for the past few months. Currently, the digital asset price is at an all-time high. Suppose the PEPE coin price keeps increasing and the trading volume supports the bullish momentum; a massive surge in the price can be seen.
Few wallets have preferred to book profit at the top. Suppose the Pepe crypto price falls and engulfs the previous candlestick at the time of writing; sellers may become confident.
Conclusion
The Pepe crypto has been experiencing significant growth, with bullish momentum and increased trading volume. It has displayed an excellent buying momentum of 1375% since 2024. The price is near an all-time high, and the trading volume has also increased. AThePEPE crypto ranks 6th in the cryptocurrency market. In terms of its trading volume
Technical Levels
Resistance: $0.0000140 & $0.0000200
Support: $0.00000900 & $0.00000500
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
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