Pepe Coin

Pepe

Pepe Coin price staged a recovery while bullish momentum signals potential gains aheadPepe (<a href="https://crypto.news/price/pepe/" rel="noopener noreferrer nofollow">PEPE</a>), the third-largest meme coin, has seen a significant recovery, rising to $0.000021 on Tuesday, its highest level since Nov. 18 and marking a 260% increase from last year’s low.The surge coincides with Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) nearing the crucial $100,000 resistance level, driving a wave of fear of missing out among crypto investors as the fear and greed index climbs to 85.On-chain data reveals continued buying activity from Pepe whales. One whale reportedly moved <a href="https://etherscan.io/tx/0x890a014321dc988e73eea1772b125169e75982a8dcc11fab989c1442be246448" rel="noopener noreferrer nofollow">$2.3 million</a> worth of PEPE from Binance to a private wallet. Data from Llama Feed shows that whales purchased over $10 million worth of PEPE on Thursday, Nov. 21.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">Someone spent 2M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> to buy 105.33B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> in a single transaction! Address: 0xd71c6b3760cfd22e50e5514d163986552a96930b <a href="https://t.co/kDKmgptPEc" rel="noopener noreferrer nofollow">pic.twitter.com/kDKmgptPEc</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1859426751740625297?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2024</a></blockquote></div></figure>Trading volume for PEPE has also spiked, with a 24-hour volume of over $5 billion, making it the second-most traded meme coin after Dogecoin, which recorded $10.2 billion in daily volume.You might also like: <a href="https://crypto.news/bitcoin-mirrors-2020-bull-phase-cryptoquant-ceo-says/" rel="noopener noreferrer nofollow"> Bitcoin mirrors 2020 bull phase, CryptoQuant CEO says </a><h2 class="wp-block-heading" id="pepe-coin-price-could-get-supercharged">Pepe Coin price could get supercharged</h2><figure class="wp-block-image size-full"><img width="3574" height="1982" src="https://crypto.news/app/uploads/2024/11/Pepe-Coin-Price.png" alt="Pepe Coin price" class="wp-image-14312681"><figcaption class="wp-element-caption"> Pepe chart | Source: <a href="https://crypto.news/price/pepe/" rel="noopener noreferrer nofollow">crypto.news</a></figcaption></figure>Pepe Coin’s chart indicates strong bullish signals that could propel the coin higher in the coming months. First, the token has formed a cup and handle pattern, with the upper side at $0.00001721, a historically bullish indicator.Second, PEPE has moved above its 50-day and 200-day Exponential Moving Averages, suggesting bulls are firmly in control.Third, a bullish engulfing candlestick pattern has emerged. This pattern, characterized by a large green candle fully covering the prior red candle, often precedes significant price breakouts.In this case, the coin will likely rise and reach this month’s high of $0.000025, which is about 23% above the current level. A break above that level will invalidate the double-top pattern and point to more gains.By measuring the distance between the cup’s upper and lower boundaries, technical projections estimate a potential price of $0.000045, representing an increase of approximately 110% from current levels. Conversely, a drop below the $0.000016 support would invalidate the bullish outlook.You might also like: <a href="https://crypto.news/sui-network-blockchain-down-for-more-than-two-hours/" rel="noopener noreferrer nofollow"> Sui Network blockchain down for more than two hours </a>

How high can Pepe Coin price climb in 2024?

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