#山寨币交易 #山寨季何时到来 #本周高光时刻
Driven by a strong rebound in Ethereum, PEPE continues its bullish trend, rising 50% and leading altcoins. PEPE's market cap has risen to $5.32 billion, with daily trading volume increasing by 400% to $3.87 billion. PEPE is incredibly strong this round; as BTC trends up, PEPE rises, and with ETH firming up, PEPE surges significantly. Even if the market declines, it merely smooths out November's gains. This round is pure blood meme, community governance, fully circulated, simply perfect!
Pepe's rebound will not stop anytime soon.
Despite the 50% rise in PEPE prices over the past two days, there is still potential for further increases, and PEPE's market cap could soon reach $10 billion.
Coinglass data shows that PEPE futures open interest surged by 15.5% to $523 million, with a 24-hour liquidation volume skyrocketing to $20 million, of which short liquidations reached $13 million.
Pepe's current trading price is $0.00001091, the last observed level was on February 4, and this price has exceeded its 200-day exponential moving average (EMA), indicating that its upward trend may continue.
The recent rise in PEPE coin prices can be attributed to:
As a meme coin based on Ethereum, PEPE has broken through $2200 alongside Ethereum's $1845, reaching a new high in months. Previously, PEPE had dropped over 50% in recent months. Historically, Pepe's performance has been closely related to Ethereum's momentum. Therefore, its future price trend largely depends on whether Ethereum can maintain its upward trend.
From past trends, PEPE may be brewing a significant rise. It surged by 265% to set a new high at the end of last year, and similar upward signals are appearing now.
The current price trend has formed a bullish pattern of 'higher highs and higher lows,' and is right on the long-term support line since mid-last year. Several key indicators are also giving positive signals:
Although short-term indicators are somewhat overheated, the weekly indicators have just broken through a key position, reaching the strongest level since January.
The monthly MACD has shown a 'golden cross' buy signal, the first time this year.
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‼️ All information content in this account is for reference only and does not constitute any investment advice. If you have any questions or need assistance, please contact me.