Memecoins Rally: Pepe Coin Surge By 11%, Is a Zero About to Vanish?

Memecoin Surge: Pepe Coin Spikes 11%, On the Verge of Dropping a Zero

Memecoins have defied the recent market downtrend, posting significant gains in the last 24 hours. While major cryptocurrencies like Bitcoin struggle at monthly lows, memecoins are thriving.

Pepe Coin (PEPE) Leads the Charge

Pepe coin (PEPE) has surged 15% over the past week, with an impressive 11% jump in the last 24 hours. Currently trading around $0.00001185, PEPE has broken out of a period of stagnation.

Eliminating Another Zero

Crypto analyst Decilizer predicts further gains for PEPE if Bitcoin maintains its bullish momentum. Decilizer suggests that PEPE could shed a zero from its current price, echoing a previous 11x profit surge.

Technical Analysis

PEPE's technicals support the bullish outlook. The coin has crossed its 50-day simple moving average (SMA), a bullish signal. Moreover, its 24-hour trading volume has spiked 105%, indicating increased investor interest. The RSI is trending upwards, crossing its moving average, suggesting potential for further gains.

Other Memecoins Surge

Pepe isn't the only memecoin showing resilience. Other popular meme coins have also posted impressive gains:

• Dogwifhat (WIF): 23% increase
• Popcat (POPCAT): 50% surge
• Mog Coin (MOG): 39% price jump

These gains highlight the ongoing trend of memecoins outperforming the broader crypto market.