$PEPE Price spike: PEPE jumps 17% in 24 hours, leading the meme coin sector with a volume of $1.28 billion
Technical indicators: Neutral RSI at 57, mixed MACD, Bollinger Bands close to the upper band, key support at $0.0000036
Catalysts: Accumulation by whales of 23T tokens, recovery of the crypto market as a whole, and strong retail speculation fuel the rally
Sentiment: Fear & Greed Index at 13 (Extreme Fear), but major traders show strong net buying momentum
Market status
PEPE drops by 17.03% in 24 hours to $0.00000459, with a rise of 21.96% over 7 days, while trading volume skyrockets to $1.28 billion
Market capitalization reaches $1.93 billion, with a volume/market cap ratio of 0.445, indicating intense speculative activity
PEPE outperforms the broader crypto market, which remains in 'Extreme Fear' with the Fear & Greed Index at 13
Technical analysis and trading strategy
Key support identified between $0.0000036 and $0.0000038; the recent double-bottom pattern suggests a potential bullish reversal
Resistance levels at $0.00000428 (Ichimoku Kijun) and $0.00000497 (MA-50); a breakout upwards could target $0.0000055
RSI at 56.98 in neutral zone, MACD shows bearish divergence, Bollinger Bands close to the upper band signaling overbought risk
It is recommended to accumulate near support with a stop-loss below $0.0000035, aiming for $0.000005–$0.0000055 in case of breakout
Fundamental driving factors
The top 100 PEPE wallets have accumulated 23.02 trillion tokens over four months, signaling strong confidence from whales
The recovery of the broader crypto market and positive inflation data in the United States fuel risk appetite, benefiting high-beta meme coins
The surge in social mentions and search interest reflects increased retail speculation and community momentum
Smart money flow
Major traders show a strong bullish inclination with a net buying volume of $1.35 million in the last hour, against a selling volume of $308,000
Bullish 'buy' signals outnumber bearish ones in 3 of the last 4 hourly windows, with the highest recent increase rate at 10.02%