The PEPE token continues to show rising interest among traders in the meme sector, accompanied by increasing trading volume and price fluctuations.
Current Market Metrics for PEPE
Currently, the PEPE token is trading at $0.00001129 USD, representing a 7.5% increase in one day and a 4.28% gain over the last week. The market capitalization of the token is approximately $4.75 billion, ranking it 41st globally by market cap. In the last 24 hours, the trading volume reached $1.47 billion, with the highest liquidity found on exchanges like Binance, OKX, and Bybit.
Impact of Spin-off Tokens on PEPE
Recent reports indicate that interest in the PEPE token is being heightened by new tokens and derivatives such as Brett Coin, Lil Pepe, and Pepe Dollar, which form the 'Pepe legacy'. This expansion of cultural influence is attracting renewed interest in the original PEPE token. However, such attention may pose a risk of capital dilution if new tokens overshadow the original's significance.
Technical Analysis and Forecasts
Technical analysis shows that PEPE continues to trade within a narrow ascending channel with resistance at the $0.00001260 level. If this level breaks with high volatility, the price could rise toward $0.00001420. Support is found at $0.00001080, which has been confirmed by buyer activity. Due to high volatility, the token continues to attract interest from scalpers and derivatives traders, especially during low activity periods in major markets.
The PEPE token exhibits significant market fluctuations and interest from traders, highlighting its relevance in the fast-paced world of cryptocurrencies. However, potential risks associated with new spin-offs should be considered.
