Can PEPE Hit $1? Traders Are Back After a 20% Surge!

PEPE is making waves once again  After a recent 20% rally  open interest in PEPE has rebounded signaling renewed excitement among traders. The price has climbed 2.2% in just 24 hours now Sitting at $0.00000683. According to CoinGlass futures  contract volumes have surged to $241 million over the last three days an 18% jump from the previous average.

With daily trading volumes hitting nearly $600 million PEPE is showing serious momentum. In contrast, popular meme coins Dogecoin and Shiba Inu are lagging  down 1.7%  and 0.2% this week.

Technicals suggest PEPE may be gearing up for a strong comeback. Despite being 76% below its All time high of $0.00002825, the token is showing signs of a potential reversal. 

Key support at $0.00000580 has held firm and Momentum indicators like the MACD and RSI are pointing toward a possible bullish breakout.

If history is any guide PEPE could mirror early Dogecoin and Shiba Inu runs. As the market sentiment turns positive, could PEPE be the next big meme coin to break records?

Only time and demand will tell. But one thing's for sure  PEPE is back on traders' radars.

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