Pepe Price Soars on Major Exchange Listings

The Pepe token (PEPE) has experienced a parabolic surge, climbing 46% in the past 24 hours to trade at $0.00001864 as of 10 a.m. EST. This rally was fueled by a 26% increase in trading volume, bringing it to $10.7 billion.

Coinbase and Robinhood Drive Price Spike

The PEPE price surge was catalyzed by news that it would be added to the roadmap for listings on the leading US crypto exchange, Coinbase. Coinbase announced the listing just an hour after Robinhood revealed that it would also support the popular meme coin. Robinhood additionally relisted several other prominent cryptocurrencies, including Solana (SOL), Cardano (ADA), and Ripple (XRP).

Technical Analysis Signals Bullish Trend

PEPE/USD has recently broken out of a bearish channel, indicating a bullish momentum. The orange support zone between $0.0000058 and $0.0000065 has provided critical support for price action.

Technical indicators further support the bullish trend, with the 50-day moving average trading above the price at $0.00001103 and the 200-day moving average at $0.00001005. The MACD indicator shows a bullish crossover, while the RSI suggests overbought conditions.

Pepe Unchained Presale Gains Traction

Amid the Pepe price surge, its rival, Pepe Unchained (PEPU), has garnered significant attention. Its presale has raised over $28 million, attracting whale investors. Analyst Austin Hilton predicts a strong performance for PEPU upon its launch.

Potential for Further Growth

The Pepe price breakout and bullish technical indicators point towards a potential target of $0.000020 or higher. However, the overbought RSI indicates a possible short-term pullback or consolidation before the next upward movement.

Conclusion

The listing of Pepe on Coinbase and Robinhood has fueled a substantial price increase for the token. Pepe Unchained's successful presale further adds to the positive sentiment. However, it's important to note the potential for profit-taking or consolidation before the next phase of growth.