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 的价格出现了强劲的买盘势头，预计将继续保持优异的表现。memecoin 已经获得了关注，并且在加密货币市场中的表现相对优于其他货币。流行的 memecoin Pepe (PEPE) 一直是加密货币市场的焦点，在加密货币市场中表现明显优于其他货币。近几周来，Pepe 代币（PEPE）一直处于强劲的上涨势头，并有望很快夺回历史高点（ATH）。Pepe 代币交易处于看涨倾向，维持在上方的涨幅关键移动平均线。还观察到了圆底形成，表明即将突破，可能很快就会触发。 截至发稿时，Pepe 代币 (PEPE) 价格交易于 0.00000873 美元，盘中涨幅为 3.10%，反映出图表上的看涨情绪。月收益率为22.30%，年收益率为522.38%，长期看涨。 PEPE/BTC 价格为 0.000008489 BTC，市值为 36.7 亿美元。分析师看涨，并认为 PEPE 价格可能会突破高位并很快达到新高。价格走势表明表现出色：PEPE 的下一步是什么？PEPE 代币在看涨趋势中航行，并提供了更高的高点和更高的低点序列，提供了证据的上升趋势。随着看涨趋势，买家享受了代币价格上涨的乐趣，并希望达到最高峰值。

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.

资料来源：TradingView 在大多数山寨币表现相对不佳的情况下，PEPE 代币见证了持续的看涨势头，上个月上涨了 80% 以上。盘中交易量飙升超过 12.90%，达到 11.2 亿美元。PEPE 代币的 MVRV 比率（市值与实现价值）保持在中间，表明该代币尚未见顶，还有更大的增长空间。指标（相对强度指数）RSI 曲线处于超买区域，并在图表上形成正背离。此外，MACD 指标呈现看涨交叉，并在柱状图上显示绿色条。根据 GIOM 指标，超过 82% 的实值持有者获利，只有约 18% 的人寻求获利，这表明看涨趋势。

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

资料来源：IntoTheBlock 价格飙升后，买家坚持增加新的多头头寸，并对扩大涨势充满信心。相反，卖家却处于不利地位，看上去陷入了困境。期货数据显示长期建仓活动

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.

资料来源：coinglass Pepe 代币（PEPE）的直接支撑位为 0.000008300 美元和 0.000008200 美元，而关键的上行障碍约为 0.000008600 美元，其次是 0.000008800 美元。此外，该代币预计很快就会突破，并可能提前突破其 ATH 标志。 免责声明 作者或本文中指定的任何其他人发表的观点和意见仅供参考，不构成金融、投资或其他建议。