The popular pepe of Memecoin with frog theme increased 10% in 24 hours to reach $ 0.00001049, fed by technical signals that could point to more rise in the midst of a broader increase in the Memecoin market.
The Token rose from $ 0.00000949 to $ 0.00001049, reaching a peak of $ 0.00001077 in the first operations before returning on the reduction slightly.
A key technical pattern, a golden cross, where the short -term mobile average rises above the long -term average, has been formed in the Pepe table, hinting at a sustained bullish impulse.
A golden cross is widely monitored in commercial circles because it suggests that recent purchasing pressure could be transferred to a long -term demonstration.
The negotiation volume shot significantly during the rally, reaching 13.7 billion tokens in a single hour as the price began to lift, and 7.7 billion later, underlining the intensity of the rally.
Meanwhile, the broader Memecoin sector, according to the Coindesk Memecoin index (CDMEME), increased 11.4% in the last 24 hours.
Despite a setback of the maximums, Pepe has established a strong support level about $ 0.0000101, according to the technical analysis data model of Coindesk Research. Fibonacci extension levels suggest that the price could push towards $ 0.0000110 if the rally remains.
The cryptocurrency has surpassed the wider cryptocurrency market in the last 24 hours, as measured by the Coindesk 20 (CD20) index, which increased 5.92% in the same period.
