PEPE Goes Parabolic — Is a $1 Moonshot Now in Sight?
The Pepe price rose 19% in 24 hours to $0.00001320 while the cryptocurrency market gained 1% today.
Bitcoin struck a fresh all-time high of $118,887 today and might break more milestones before the day closes. Most big alts have followed.
This rise has helped PEPE and most major alts, with the meme currency returning 35% in a week and 42.5% in two weeks.
With its trading volume soaring over 10x overnight, further gains may be ahead.
PEPE has broken out of its medium-term highs and lows pennant on its chart.
PEPE's 24-hour trading volume has increased 1,000% from $480 million yesterday to $7.8 billion today.
According to on-chain statistics, whales are buying PEPE in massive numbers again, indicating a major demand surge.
Since PEPE is not overbought, this may be a good time to acquire meme tokens.
Technicals suggest it might soar for days or weeks before correcting.
PEPE, like most of the market, was massively sold in late January to early May, thus any correction may be minor.
Many experts are now predicting that PEPE will recover to levels not seen since early January, perhaps topping its ATH of $0.00002803.
If the market keeps rising and tariff news is light, this is plausible.
However, the recent tariffs on Canada have triggered a rush to safe havens like gold and Bitcoin, so they may be beneficial for crypto.
A $1 aim is audacious, but if the bull market persists, PEPE adoption rises, and a significant token burn occurs, it may be achievable.
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