Story Highlights

• Pepe memecoin reaches a new all-time high (ATH) of $0.00002524.
• Pepe price surges by 172% within 11 days.
• Positive MACD indicator with rising green histogram suggests increased buying pressure.

Pepe Price Analysis

Amidst the bullish sentiment in the memecoin market, Pepe has led the surge this week. However, a 6.92% correction in the past 24 hours has taken place. The meme category is currently valued at $112.89 billion, with a trading volume of $45.52 billion.

Pepe Breakout Rally

Pepe has recorded 9 out of 11 green candles on the daily chart this month. It achieved an ATH of $0.00002524 on November 14th, marking a 2X return in the past seven days.

Technical Indicators

The Simple Moving Average (SMA) indicates support for the Pepe price chart. The Moving Average Convergence Divergence (MACD) indicator shows a steady rise in the green histogram, suggesting continued dominance in the memecoin rally.

Price Targets

Maintaining support above $0.0000220 could lead Pepe towards its resistance level of $0.0000260. Further bullish momentum may drive it to its target price of $0.000030.

Downside Potential

Weakening bullish sentiment could result in a decline to $0.0000180. Failure to regain momentum here could lead to a further drop to $0.0000140.

Conclusion

The Pepe memecoin remains closely monitored by investors. Its volatility makes it a risky investment, but its recent surge has attracted significant interest. Stay updated on the latest crypto news to stay informed about the potential of this memecoin.

FAQs

• How much is one Pepe coin worth? Currently $0.00002121.
• Will Pepe price crash again? Memecoins are highly volatile, making future price predictions difficult.
• Is Pepe coin worth buying? Investors are advised to exercise caution, considering the high risk associated with memecoin investments.