1. PEPE's price has witnessed significant buying momentum and is expected to continue its outperformance.
2. The memecoin has gained traction and has relatively outperformed in the crypto market.

The popular memecoin Pepe (PEPE) has been in the spotlight in the crypto market, significantly outperforming amidst the ups and downs in recent weeks.
The Pepe token (PEPE) has been in a strong upward momentum and is eyeing the All-Time-High (ATH) mark to recapture soon.
The Pepe token has traded in a bullish bias, sustaining gains above the key moving averages. A rounding bottom formation has also been observed, indicating a breakout is on the verge, which might trigger soon.
At press time, the Pepe token (PEPE) price traded at $0.00000873 with an intraday gain of 3.10%, reflecting bullishness on the charts. It has a monthly return ratio of 22.30% and 522.38% yearly, implying a long-term bullish outlook.
The pair of PEPE/BTC is at 0.000008489 BTC, and the market cap is $3.67 Billion. Analysts are bullish and suggest that the PEPE price may break its high mark and reach new heights soon.
Price Action Signifies Outperformance: What's Next for PEPE?
The PEPE token sails in a bullish trend and is delivering higher high and higher low sequences, providing evidence of an uptrend. With the bullish trend, buyers have enjoyed rallying the token price and are eyeing reaching its ATH.

PEPE 的價格出現了強勁的買盤勢頭，預計將繼續保持優異的表現。市場的焦點，在加密貨幣市場中表現明顯優於其他貨幣。處於看漲傾向，維持在上方的漲幅關鍵移動平均線。還觀察到了圓底形成，表明即將突破，可能很快就會觸發。月殖利率為22.30%，年殖利率為522.38%，長期看漲。分析師看漲，並認為PEPE 價格可能會突破高位並很快達到新高。高的低點序列，提供了證據的上升趨勢。隨著看漲趨勢，買家享受了代幣價格上漲的樂趣，並希望達到最高高峰。

Source: TradingView
Amidst the relative underperformance of most altcoins, the PEPE token has witnessed consistent bullish momentum and rallied over 80% last month. The intraday trading volume surged over 12.90% to $1.12 Billion.
The MVRV Ratio (Market Value To Realised Value) of the PEPE token remains in the midst, indicating that the token has not made a top and has much more room to grow.
The Momentum Indicator (Relative Strength Index) RSI curve stayed in the overbought zone and formed a positive divergence on the charts. Furthermore, the MACD indicator showed a bullish crossover and displayed green bars on the histogram.
Per the GIOM indicator, more than 82% of in-the-money holders are in profit, and only around 18% are looking to secure gains, signifying a bullish trend.

資料來源：TradingView 在大多數山寨幣表現相對不佳的情況下，PEPE 代幣見證了持續的看漲勢頭，上個月上漲了 80% 以上。盤中交易量飆升超過 12.90%，達到 11.2 億美元。指數）RSI 曲線處於超買區域，並在圖表上形成正背離。此外，MACD 指標呈現看漲交叉，並在長條圖上顯示綠色條。 根據 GIOM 指標，超過 82% 的實值持有者獲利，只有約 18% 的人尋求獲利，這表明看漲趨勢。

Source: IntoTheBlock
Following the price surge, buyers have persisted in adding fresh long positions and looked confident in stretching the rally. Conversely, sellers have stayed on the backfoot and looked trapped.
Futures Data Shows Long Buildup Activity

資料來源：IntoTheBlock 價格飆升後，買家堅持增加新的多頭頭寸，並對擴大漲勢充滿信心。相反，賣家卻處於不利地位，看起來陷入了困境。

Source: coinglass
The immediate support levels for the Pepe token (PEPE) are $0.000008300 and $0.000008200, whereas the key upside hurdle is around $0.000008600, followed by $0.000008800
Conclusion
The Pepe token (PEPE) price has persisted in exploding gains and trades on a bullish trajectory. Additionally, the token is expected to register a breakout soon and might breach its ATH mark ahead.
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.

資料來源：coinglass Pepe 代幣（PEPE）的直接支撐位為 0.000008300 美元和 0.000008200 美元，而關鍵的上行障礙約為 0.000008600 美元，其次是 0.000008800 美元。此外，該代幣預計很快就會突破，並可能提前突破其 ATH 標誌。