- PEPE soars with a 795% monthly gain, outpacing market trends.
- Bitcoin’s all-time high at $73K fuels PEPE’s 11% rebound from its daily low.
- Technical indicators hint at PEPE’s potential reversal, with RSI overbought.
Pepe (PEPE) has been bullish the previous week, with prices ranging between an intra-week high of $0.00000654 and a low of $0.00000976. This upward trend may be due to increased investor interest and optimism in the cryptocurrency market, which follows a Bitcoin bull run that has achieved new all-time highs multiple times in the last week.
However, in the previous 24 hours, PEPE bears have had the upper hand, with the price falling to a low of $0.00000761, testing support levels. This price correction could be due to short-term traders taking profits or a transient market downturn, but overall, PEPE is still rising, with weekly and monthly gains of 16% and 795%, respectively, as per CoinStats.
PEPE/USD 24-hour price chart (source: CoinStats)
Concurrently, with Bitcoin’s recent all-time high of $73,000 set today, bulls in the PEPE market have nullified the bearish rise of earlier in the day. At press time, PEPE was trading at $0.00000913, up 1…
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