Previously, $PEPE was included as a nominee for Coinmarketcap's Meme Coin of the Year, without the presence of SHIB and DOGE as "old players". Pepe prices rose more than 50 percent in the last 24 hours.
This relatively unexpected spike occurred at the same time as Bitcoin's price soared to US$57 thousand and a few days after PEPE became part of the Simple Earn program on Binance.
Technically, PEPE prices have the potential to rise by more than 100 percent in the next 30 days in the next few weeks or days. Plus there are rumors circulating in cyberspace, that Coinbase will trade meme coins which are a portfolio of Binance Labs.
One of the best performing cryptos in this regard is PEPE, which has seen an incredible surge of over 50 percent in 24 hours, with indications showing further gains of 100 percent in the coming days over a 30-day span.
Looking at PEPE's monthly chart, one can see a breakout of the inverse head and shoulders pattern, a bullish technical signal that reflects the bulls' continued efforts to overcome bearish pressure, resulting in a 100 percent surge.
The bullish sentiment was reinforced by the weekly Relative Strength Index (RSI), a momentum indicator widely used in assessing market conditions. When the RSI reading crosses 50 and moves upwards, bulls remain dominant; conversely, a reading below 50 indicates otherwise. Currently, the RSI is in an uptrend, having just crossed 50 indicating a bullish trend. #PEPE🔥🔥
