PEPE Cryptocurrency Surges 10% in One Week Amid Memecoin Interest
PEPE, a meme-inspired cryptocurrency, rose over 4% in the last 24 hours and nearly 10% for the week. Key points include:
- The CoinDesk Memecoin Index increased by more than 11% in the past week.
- PEPE's price moved from $0.00001013 to $0.00001074, with resistance near $0.00001082.
- Trading volume exceeded 5.89 trillion PEPE tokens, doubling the 24-hour average.
- A pattern of higher lows indicates consistent buying at elevated levels.
- During the rally, PEPE reached a peak of $0.00001081, establishing a support level around $0.00001017.
- Liquidity remained strong, particularly around the $0.00001069 mark.
This activity reflects sustained demand and potential accumulation by investors.