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A lot has changed in cryptocurrencies over the last 6 days. During this period, Pepe coin, one of the biggest stars of 2023, did not follow the market correction after recent rises. During this period, PEPE reached its new ATH as a pioneer in the meme coin market and solidified its position. This situation caught the attention of the crypto community. With over 50% gains seen in weekly charts and over 100% price rise last month, the meme coin continues to trade as a favorite among crypto market traders and investors. So, what is happening with PEPE coin right now?
Pepe Coin Comments
In March, a bull run started in the cryptocurrency market. During this period, PEPE was among the cryptocurrencies that turned the situation to their advantage. During this period, it continued to stay above critical price levels and moved towards new ATH levels.
Pepe coin today, on May 25, rose to a new ATH level of $0.00001559, attracting the attention of the entire market once again. The ATH emerged during a period of market uncertainty following notable rises.
Despite seeing $4.58 million in liquidations on the PEPE side according to Coinglass data, a notable rise was observed in the token today.
More importantly, PEPE also ranked 20th in volume on Coinmarketcap lists after all these price movements. When all these developments are combined, it appears that investors have a bullish expectation for PEPE.
On the other hand, a well-known crypto investor, jwynn.eth, transferred an astonishing 491 billion PEPE to Binance, the world’s largest exchange by volume, amid all the price rises, indicating the potential to sell. The investor also states that he believes PEPE is still trading below its value.
How Much is PEPE Now?
As of the time of writing, the PEPE price is trading at $0.00001547 after a rise of over 10% in the last 24 hours. The lowest and highest price levels seen in the last 24 hours were $0.00001366 and $0.00001559, respectively.
According to Coinglass data, despite a 41.05% drop in derivative volume, a 21.58% increase in OI indicates investors have uncertain feelings about PEPE.
On the other hand, despite a sharp drop in RSI to 50, it later recovered somewhat and rose above 57 again due to the pressure from the bulls.
