Pepe Coin

Pepe

<p class="is-style-lead">Pepe Coin price staged a recovery while bullish momentum signals potential gains ahead</p> 
<p>Pepe (<a href="https://crypto.news/price/pepe/" target="_blank">PEPE</a>), the third-largest meme coin, has seen a significant recovery, rising to $0.000021 on Tuesday, its highest level since Nov. 18 and marking a 260% increase from last year’s low.</p> 
<p>The surge coincides with Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) nearing the crucial $100,000 resistance level, driving a wave of fear of missing out among crypto investors as the fear and greed index climbs to 85.</p> 
<p>On-chain data reveals continued buying activity from Pepe whales. One whale reportedly moved <a href="https://etherscan.io/tx/0x890a014321dc988e73eea1772b125169e75982a8dcc11fab989c1442be246448" target="_blank" rel="nofollow">$2.3 million</a> worth of PEPE from Binance to a private wallet. Data from Llama Feed shows that whales purchased over $10 million worth of PEPE on Thursday, Nov. 21.</p> 
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   <p lang="en" dir="ltr">Someone spent 2M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDC</a> to buy 105.33B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PEPE</a> in a single transaction!<br><br>Address:<br>0xd71c6b3760cfd22e50e5514d163986552a96930b <a rel="nofollow" href="https://t.co/kDKmgptPEc" target="_blank">pic.twitter.com/kDKmgptPEc</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1859426751740625297?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 21, 2024</a>
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<p>Trading volume for PEPE has also spiked, with a 24-hour volume of over $5 billion, making it the second-most traded meme coin after Dogecoin, which recorded $10.2 billion in daily volume.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/bitcoin-mirrors-2020-bull-phase-cryptoquant-ceo-says/"> Bitcoin mirrors 2020 bull phase, CryptoQuant CEO says </a> </p> 
<h2 class="wp-block-heading" id="pepe-coin-price-could-get-supercharged">Pepe Coin price could get supercharged</h2> 
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 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2024/11/Pepe-Coin-Price.png" alt="Pepe Coin price" class="wp-image-14312681">
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  Pepe chart | Source: <a rel="" href="https://crypto.news/price/pepe/">crypto.news</a>
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<p>Pepe Coin’s chart indicates strong bullish signals that could propel the coin higher in the coming months. First, the token has formed a cup and handle pattern, with the upper side at $0.00001721, a historically bullish indicator.</p> 
<p>Second, PEPE has moved above its 50-day and 200-day Exponential Moving Averages, suggesting bulls are firmly in control.</p> 
<p>Third, a bullish engulfing candlestick pattern has emerged. This pattern, characterized by a large green candle fully covering the prior red candle, often precedes significant price breakouts.</p> 
<p>In this case, the coin will likely rise and reach this month’s high of $0.000025, which is about 23% above the current level. A break above that level will invalidate the double-top pattern and point to more gains.</p> 
<p>By measuring the distance between the cup’s upper and lower boundaries, technical projections estimate a potential price of $0.000045, representing an increase of approximately 110% from current levels. Conversely, a drop below the $0.000016 support would invalidate the bullish outlook.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/sui-network-blockchain-down-for-more-than-two-hours/"> Sui Network blockchain down for more than two hours </a> </p>

How high can Pepe Coin price climb in 2024?

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