Recently, PEPE Coin showed significant price fluctuations, achieving a 14% increase and clearing one zero, adding confidence among investors.
Sharp Price Increase of PEPE Coin
On July 3, PEPE Coin recorded a sharp breakout, rising 14% within 24 hours from $0.00000963 to $0.00001074. Data indicates that it later settled around $0.00001035, which is 7.24% higher than previous figures. This price change marked a significant technical shift, as moving from five decimal places to four establishes a new short-term support level near $0.0000101.
Golden Cross as a Trigger for Buying
A technical indicator known as a golden cross appeared on the PEPE Coin chart just before the rally began. This occurs when the short-term moving average crosses above the long-term moving average, often seen as a potential beginning of a new upward trend. Trading volume surged in tandem, indicating increased interest from investors, and analysts point out that such patterns can attract algorithmic traders.
Memecoins Follow PEPE's Lead
The broader memecoin market also saw upward movement alongside PEPE. Currently, BONK has risen by 10% to $0.00001820, Dogecoin increased by 5.83% to $0.1729, and Shiba Inu is at $0.00001148 after a 3.55% surge. Despite these increases, PEPE Coin was the only one among popular digital assets to clear a zero during this period. This event attracted attention, creating new confidence in PEPE Coin's price, provided that the support level remains stable in the coming days.
PEPE Coin continues to be a focal point, demonstrating significant price fluctuations and fostering an optimistic atmosphere among traders. Future trading sessions will reveal whether this growth will persist or if selling pressure will return.
