Pepe (PEPE) Soars with 29% 24-Hour Gains Amid Crypto Market Surge
Pepe (PEPE) is one of the best-performing meme coins today with 24-hour gains of 29% as the crypto market as a whole is ripping.
The token has broken through a long-dated resistance at $0.00000900 and currently sits at $0.000001062.
Trading volumes have surged by 168% for PEPE and currently sit at nearly $1.5 billion as whales have apparently been loading up on the token. This figure accounts for nearly a third of PEPE’s market cap.
As a result, the token’s market cap has expanded by more than $600 million in just a few hours.
According to an X post from Lookonchain, a single whale bought 500 billion PEPE tokens worth around $4.36 million at the time of the purchase. This resulted in a 33% increase in this whale’s PEPE exposure as the wallet now holds 2 trillion tokens.
Accumulation from whales during a rally like this indicates that the market’s ‘smart money’ believes that cryptocurrencies will keep surging in the next few months.
Other than PEPE, Solana-based meme coins like Pudgy Penguins (PENGU) and Popcat (POPCAT) have more than tripled their value in the past month as the entire category has fully reversed its December downtrend.
PEPE Breaks Above its 200-Day EMA – How High Can it Go?
Today’s strong uptick has pushed PEPE above its 200-day exponential moving average (EMA). This is a key indicator of an asset’s long-term trend. When the price is above this marker, it means that the market is on an uptrend.
Moreover, PEPE has broken through a long-dated resistance at $0.00000900.
The next bullish signal to confirm the beginning of a bull market would be a bullish ‘golden cross’ between the 21-day EMA and the 200-day EMA. The last time this happened, PEPE’s price more than doubled.
Momentum indicators have now stepped out of negative territory. The Relative Strength Index (RSI) has moved above the signal line while the MACD’s histogram posted its first positive reading in six days.
Moving forward, a cleaner breakout above the 200-day EMA would confirm a bullish outlook for this meme coin as the price action barely tagged this indicator today.
In the meantime, all PEPE-inspired crypto presales like MIND of Pepe (MIND) will benefit from the token’s sharp uptick and will attract further interest from investors.
MIND of Pepe (MIND) Combines the Power of AI with this Meme’s Virality
MIND of Pepe (MIND) kicked off its crypto presale in January and has already managed to raise $8.9 million to deploy a powerful AI agent.
The combination of advanced artificial intelligence and the Pepe the Frog meme is a recipe for success. Other AI agents like AIXBT and CGPT have managed to make progress in the AI field but none have leveraged the power of memes like MIND of Pepe is.
The agent is designed to collect valuable insights from its interactions with users and high-profile accounts and pass them on to $MIND holders to help them take advantage of the most attractive opportunities in the marketplace.
To buy $MIND, simply head to the MIND of Pepe website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to make your investment.
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