PEPE cryptocurrency has seen massive transactions in the last 24 hours, showing increased investor interest amid market volatility.
Renewed Interest in PEPE
In the past day, transaction volume reached $274.69 million, marking a 31.70% spike in trading volume. This indicates growing interest in the meme coin amid market uncertainty. Over the same period, PEPE's price increased by 4.71% to $0.000007936.
Open Interest Analysis
Analysis of open interest revealed significant activity on Gate.io, Bitget, and OKX exchanges. Gate.io led the boards with 57.27% of the total open interest at 19.90 trillion PEPE. Bitget followed with 23.41%, while OKX recorded 13.2% of total activity.
Can PEPE Sustain the Momentum?
Analysts note that PEPE's current upward momentum could lead to a significant breakout. The recent price uptick and market activity have prompted questions about the possibility of sustaining a positive trend, despite recent challenges and the 'death cross' signal indicating bearish momentum. Continued interest and investment influx could contribute to further price dynamics.
PEPE continues to draw increased interest amid market volatility. Analysts are closely monitoring developments, noting possible breakout signs.
