With the overall rise in the cryptocurrency market, meme coins, especially PEPE, have shown positive changes. The market cap of meme coins has increased to $74.9 billion.
Market Overview of Meme Coins
The cryptocurrency market is showing an upward trend, and meme coins are following suit. The market cap for meme coins has reached $74.9 billion after a 3.8% rise. Leading the gains are DOGE, SHIB, and BONK.
PEPE's Price and Trading Volume
PEPE, the frog-themed meme coin, registered a price gain of 7.6% in the last 24 hours, reaching $0.00001296. The daily trading volume increased by over 19%, reaching $1.71 billion. PEPE's market cap stands at $5.45 billion.
Technical Analysis of PEPE
The four-hour technical chart for PEPE shows that the MACD line and the signal line are at the same value, indicating neutral momentum. The Chaikin Money Flow (CMF) at -0.08 suggests moderate selling pressure. If the price continues to move down, support might be tested at the $0.00001289 range.
PEPE shows confident signs of growth, but current technical indicators hint at potential correction. Investors continue to closely monitor market changes.
