Pepe Coin (PEPE) price has experienced a noticeable increase, mirroring a broader market upswing. The PEPE is upward, supported by recent market gains. This trend underscores growing investor confidence in the asset, signaling a positive outlook for its future performance.
PEPE Coin Price Rises as Arthur Hayes Withdraws Pepe Coin
Pepe coin price has escalated by 26% over the last week. Recent market activity shows a significant uptick in interest following Arthur Hayes’ recent endorsement. According to a tweet from Lookonchain, Hayes has promoted meme cryptocurrencies, specifically naming $MOTHER, $MOG, and $PEPE.
Arthur Hayes(@CryptoHayes) is calling for #MEMEcoins $MOTHER, $MOG and $PEPE!
On-chain data shows that he withdrew 24.39B $PEPE($252.68K) from #Binance 20 minutes ago.
Address: 0x6cd66dbdfe289ab83d7311b668ada83a12447e21 pic.twitter.com/MC9ZPF2Eg4
— Lookonchain (@lookonchain) September 27, 2024
Further details reveal that Hayes withdrew 24.39B $PEPE, valued at approximately $252.68K, from Binance, a major cryptocurrency exchange, driving investor interest.
Today, the Crypto market exhibits a robust bullish trend. Bitcoin price has rallied above $65,000, a key factor propelling the upward trajectory of other digital currencies.
This rally is notably influencing the performance of various top meme coins. For instance, Dogecoin has risen by 9%, while SHIB has impressively surged by 16%. Additionally, WIF has increased by 7%. These gains are significantly boosting the prospects of PEPE, which is now poised for potential further gains as October approaches.
PEPE Coin Price Eyes 90% Gain: Will It Break Critical Resistance?
The PEPE coin price hovered at $0.00001068, making a solid surge of 17%. This recent performance marks a notable recovery from its lower trading value at $0.00008886, reaching a high of $0.00001045.
Pepe price has reached a critical resistance level of $0.000011. If it breaks this barrier, The value could climb to $0.000012. In the wake of a strong market rally, it might even escalate to $0.000015. With sustained market enthusiasm, the altcoin could potentially hit $0.00002, gaining more than 91% during the upcoming bullish trend.
The daily technical indicators for the PEPE price show a significant upward movement in recent trading sessions. The Relative Strength Index (RSI), currently at 73.82, suggests the asset is overbought territory, eyeing more gain.
PEPE Coin Price Chart| Source: TradingView
Currently, the majority, or 93.62% of PEPE holders, are ‘in the money.’ This positive market sentiment and a 100% coverage rate position the token for a potential price surge as more investors may be drawn to its profitability and growing transaction volume.
Source: IntoTheBlock
Given the current market dynamics, the token trajectory appears promising. With whales like Arthur Hayes actively participating and a significant surge in Bitcoin and other meme coins, the bullish sentiment around PEPE will likely intensify. As it approaches critical resistance levels, breaking through could catalyze further substantial gains
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