Pepe Coin Price Uptick: Are Meme Coins Back?
The post Pepe Coin Price Uptick: Are Meme Coins Back? appeared on BitcoinEthereumNews.com. Sentiment in the crypto market has turned bullish, with meme coin Pepe Coin (PEPE) riding the wave for nearly a 6% pump in price. Yet as PEPE sees flickers of its former glory days return, a new meme coin presale MK looms as competition. Keypoints The price of Pepe Coin (PEPE) has pumped nearly 6% in the last day to around $0.000000656. PEPE broke above its 50-day moving average, signaling a potential trend reversal after tapping support at $0.00000062. Trading volumes are up 31% in the last 24 hours, hitting $48.4 million as interest in the meme coin grows. The gains follow Fed Chair Jerome Powell’s dovish stance, creating a favorable environment for crypto with reduced expectations of aggressive rate hikes. This dovish outlook has boosted broader crypto sentiment, with Bitcoin volatility declining as well. Some see PEPE trying to reclaim its former meme coin glory amid this positive backdrop. Whales hold 49% of the supply. But technicals remain bearish, with RSI below 50 and AO in negative territory. Upside is limited unless bulls can push past resistance. A break above $0.00000080 is needed to confirm uptrend. Alternatively, a drop below $0.00000060 would signal a 7% decline. As nostalgia persists for PEPE’s heyday, a new meme coin presale MK offers big staking rewards up to 112% APY as an alternative bet. PEPE has broken its 50-day moving average as trading volumes jumped 31%, signaling a potential comeback for the beloved meme coin. Its community remains devout, with whales holding 49% of the supply. However, technicals remain bearish in the near-term unless PEPE can push past stubborn resistance around $0.00000080. For now, upside appears limited despite growing interest. Nonetheless, PEPE faithful remain hopeful this rally ignites a return to its heyday as a pillar of the meme coin sector. The positive…
The post Pepe Coin Price Uptick: Are Meme Coins Back? appeared on BitcoinEthereumNews.com.
Sentiment in the crypto market has turned bullish, with meme coin Pepe Coin (PEPE) riding the wave for nearly a 6% pump in price. Yet as PEPE sees flickers of its former glory days return, a new meme coin presale MK looms as competition. Keypoints The price of Pepe Coin (PEPE) has pumped nearly 6% in the last day to around $0.000000656. PEPE broke above its 50-day moving average, signaling a potential trend reversal after tapping support at $0.00000062. Trading volumes are up 31% in the last 24 hours, hitting $48.4 million as interest in the meme coin grows. The gains follow Fed Chair Jerome Powell’s dovish stance, creating a favorable environment for crypto with reduced expectations of aggressive rate hikes. This dovish outlook has boosted broader crypto sentiment, with Bitcoin volatility declining as well. Some see PEPE trying to reclaim its former meme coin glory amid this positive backdrop. Whales hold 49% of the supply. But technicals remain bearish, with RSI below 50 and AO in negative territory. Upside is limited unless bulls can push past resistance. A break above $0.00000080 is needed to confirm uptrend. Alternatively, a drop below $0.00000060 would signal a 7% decline. As nostalgia persists for PEPE’s heyday, a new meme coin presale MK offers big staking rewards up to 112% APY as an alternative bet. PEPE has broken its 50-day moving average as trading volumes jumped 31%, signaling a potential comeback for the beloved meme coin. Its community remains devout, with whales holding 49% of the supply. However, technicals remain bearish in the near-term unless PEPE can push past stubborn resistance around $0.00000080. For now, upside appears limited despite growing interest. Nonetheless, PEPE faithful remain hopeful this rally ignites a return to its heyday as a pillar of the meme coin sector. The positive…
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