The popular pepe of cryptocurrencies inspired by meme increased more than 4% in the last 24 hours to negotiate almost 10% during the past week.
The increase occurs in the middle of a renewed interest in memes tokens, with the Coindesk memecoin index (CDMEME) increasing more than 11% during the past week, exceeding the 1.4% movement of Bitcoin. For 24 hours, the Memecoin sector has increased by 2.5%, compared to 0.2%BTC.
Pepe recovered from $ 0.00001013 to $ 0.00001074, establishing a new short -term resistance about $ 0.00001082, according to the Coindensk Research technical analysis data model. Commercial activity increased significantly, with more than 5.89 billion pepe tokens changing hands during the rally peak, more than double the average of 24 hours.
The price action shows a stable pattern of higher minimums, a sign that buyers are constantly intervening at increasingly high levels. This type of structure is often interpreted as a sign of accumulation by more compromised investors.
During the most active phase of the movement, the Token also touched $ 0.00001081 before settling slightly lower. That fast peaks drew a new resistance line, while a firm support level arose around $ 0.00001017.
These price limits, tested several times, help shape the expectations of merchants about where the currency could go below.
The rally was marked by a strong liquidity and sustained demand. The activity increased around several reestimations of the mark of $ 0.00001069, a level that remained every time, reinforcing its strength.
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