Since its launch, Pepe Coin has shown great strength and has kept investors on their toes with its continued rise. Despite a cooling crypto market, the craze behind Pepe Coin was not over yet, as it gained 75% overnight and reached a new ATH of 0.0000024066.
The latest price surge in Pepe Cin is due to its listing on various crypto exchanges. As soon as Pepe Coin was listed on major crypto exchanges, trading activity increased. With Pepe listed on multiple exchanges, newcomers have hopped on the train with hopes of huge returns.
Initially, it appeared that the price was dropping slowly as early investors began to book profits. However, buying pressure persisted, and the price found support around 0.0000001. Once sellers were out of fuel, the price again started to pump.
NEW ATH Soon or Pepe to the Moon
Taking a look at the chart, we can observe that Pepe is in a constant uptrend and will continue to rise until a major event occurs. Pepe has maintained its upward trajectory without showing signs of a reversal pattern, as the price has typically moved sideways after periods of growth. This has allowed it to accumulate new investors without having a price drop.
Right now, Pepe Coin is trading at 00000196 with a market cap of $826,125,298, according to the data from Coingecko. The 14-day RSI SMA has reversed from a value of 31, indicating a price correction and a potential retest of the all-time high.
The bullish sentiment and craze behind the meme coin suggest that it can easily surpass the market cap of $1 billion soon.
Furthermore, some exchanges listed Pepe Coin on their option markets. Pepe Coin’s listing on the options market prompted some traders to short the coin, but bullish sentiment prevailed, and these shorts were ultimately liquidated.
Also Read: From Meme to Money: The Rise of Pepe Coin and its Future Price Prediction
