Pepe cryptocurrency's price has seen a significant increase, driven by upcoming listing news on Coinbase and re-addition to Robinhood.
Reasons for Pepe's Price Rise
Pepe's cryptocurrency price surged 46% in the last 24 hours, reaching $0.00001864 amid a 26% trading volume spike to $10.7 billion. This growth was triggered by Pepe's inclusion in the roadmap for listing on leading US crypto exchange Coinbase and its re-listing on the Robinhood platform, where Solana (SOL), Cardano (ADA), and Ripple (XRP) were also added.
Pepe Price Technical Analysis
The PEPE/USD pair recently witnessed a strong rise, hitting $0.00001870, marking a breakout from the previous bearish channel. A key support level lies between $0.0000058 and $0.0000065, showing prior buying interest. The 50 and 200-day moving averages confirm the bullish trend. The MACD indicator shows strong buyer presence, while the RSI at 85.28 suggests a potential short-term pullback before further upward movement.
Pepe Rivals and New Developments
Pepe Unchained, a new rival to Pepe, has raised over $28 million in presales. It positions itself as a modern alternative running on its own Layer 2 network, offering enhanced speeds, low costs, and scalability. Pepe Unchained has launched several initiatives, including a meme coin launchpad and a grant program for decentralized app developers.
The news of the Coinbase listing and expansion on Robinhood have acted as a catalyst for the sharp rise in Pepe's price, highlighting the impact of institutional interest on a cryptocurrency's market performance.
