Pepe (PEPE) Reached ATH: Bulls Might Trigger Breakout Soon

Pepe (PEPE) coin price directs bullish momentum and reaches its ATH mark.
Buyers have shown their dominance and are still aiming to go higher.

The market leader, Pepe coin, witnessed a gigantic up move of over 22% intraday, is in strong bullish momentum, and has outperformed the crypto market in the past weeks. The memecoin has decisively managed its gains and is on the list of top gainers in the last 24 hrs.

Amidst the market correction, the PEPE coin has defied the bearish wave and reflected a sharp rally of over 70% this week. Notably, the memecoin has retested its all-time-high zone of around $0.00001070 and is ready for another bull run.

At press time, PEPE price traded at $0.00001068 with a sharp surge of 21.10%, reflecting intense bullish momentum overnight. It has a monthly return ratio of 111.28% and 496.90% yearly, demonstrating the bullish trend over the past few months.

The pair of PEPE/BTC is at 0.000000000173 BTC, and the market cap is $4.49 Billion. Analysts have given an overweight rating and suggest that the PEPE price may continue to outperform and ride on the bullish track.

“Roaring Kitty” Boosting PEPE price?

The newly minted token “Roaring Wolverine” witnessed an intense surge over 80% within a few hours after its release. The presence in the social media of “Roaring Kitty ” might have boosted the memecoin market.

When the Pepe coin breached the trendline hurdle of $0.000006700, sharp bullish momentum triggered the rally. Afterward, the coin managed to cross the 20-day EMA mark, and the much-awaited bull run was marked.

Still, the coin is poised for another breakout and might surge 5-8% ahead. Above its ATH, the memecoin will surely skyrocket gains and may reach the upside of $0.00001260, followed by $0.00001400 soon.

Notably, Pepe coin is riding in the uptrend in the bullish trajectory. Additionally, buyers have persisted in accumulation, and a sharp spike of over 327.67% to $2.90 Billion in the last 24 hrs was noted.

The RSI curve skyrocketed to the overbought region, and a positive crossover was noted. Similarly, the MACD indicator highlighted green bars on the histogram depicting the outperformance of the Pepe coin.

Surge in Price Volatility

Following the price-up move, the volatility curve represents massive fluctuation and has risen over 34.38% to 0.074. This movement symbolizes the investor speculation and demand for the memecoin.
Source: Santiment

Similarly, the weighted sentiment data stayed above the midline at the 0.27 mark, representing a positive outlook.