Is PEPE Set to Break Its ATH with Growing Bullish Momentum?

PEPE Surges Amid Altcoin Rally

PEPE is currently trading at $0.00002112, marking a 6.60% gain over the past 24 hours. This surge coincides with a 2.40% increase in the global crypto market cap.

The meme coin has witnessed a significant surge in trading volume, reaching $3.05 billion on a day with $1.60 million worth of liquidations. Over the past 30 days, PEPE has secured an impressive 120% gain.

Technical Analysis

PEPE's technical analysis indicates a moderate bullish sentiment. The MACD line lies above the signal line, suggesting potential for further gains. The CMF indicator at 0.08 points to a positive money flow, which could translate to increased demand.

The four-hour price chart shows a positive trend that could propel PEPE to new highs. However, a potential downside momentum could arise if the current momentum slows.

The daily RSI is currently at 63.43, indicating a neutral market sentiment. The short-term 9-day moving average remains above the long-term 21-day moving average, providing technical support.