Frog-themed meme coin PEPE has made a significant price move as the broader crypto market rebounds, lifting several meme coins.
Market Recovery
At the time of writing, PEPE was up 7.26% in the last 24 hours to $0.00001026. Earlier today, PEPE's price was $0.00000958. According to CoinMarketCap data, PEPE's trading volume has risen over the last 24 hours to more than $871 million, indicating increased trading activity.
Increased Trader Activity
Whale activity has also contributed to PEPE's rebound, with large transactions totaling $68.02 million in the last 24 hours, according to IntoTheBlock data. Speculation about further gains has arisen, with analysts watching key resistance levels.
Meme Coin Prospects
Analysts are closely monitoring resistance levels, with the daily SMA 50 sitting at $0.00001572. If PEPE maintains its momentum, it could continue its bullish trend, potentially setting new highs.
For now, all eyes remain on PEPE as traders evaluate the strength of the current rebound for sustained price appreciation.
