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Pepe (PEPE) Soars Over 10% as Bulls Nullify Bearish Rally, Is a Breakout Looming?

Published 03/21/2024, 12:08 AM
Updated 03/21/2024, 12:15 AM
Pepe (PEPE) Soars Over 10% as Bulls Nullify Bearish Rally, Is a Breakout Looming?
ETH/USD
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  • PEPE rebounds with a 12.63% surge, attracting 29K new users in 20 days.
  • PEPE’s trading volume jumps 25.46%, signalling strong investor interest.
  • Technicals hint at PEPE’s potential breakout with a bullish MACD crossover.

After a bearish rally in the last week seized the Pepe market, bullish momentum has resurfaced. In the previous 24 hours, Pepe (PEPE) has experienced a notable recovery, showcasing resilience in a fluctuating market environment. At press time, Pepe’s price stands at $0.000007107, marking a 12.63% increase from the intra-day low of $0.00000626.

Concurrently, PEPE’s 24-hour trading volume increased by 25.46% to $1,560,879,626, reflecting the increasing investor interest in the bull rally potential.

PEPE/USD 24-hour price chart (source: CoinStats)

Pepe’s Turnaround

The Pepe token has managed to claw back from recent losses, indicating a strong rebound in investor sentiment. This resurgence comes amidst a broader market correction that saw many digital assets facing downward pressure. The current CoinMarketCap ranking for Pepe is 40, reflecting a live market cap of $2,985,876,436, up 11.40%. This recovery suggests renewed confidence amon…

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