- PEPE surged after a week of losses, reflecting renewed investor interest and market sentiment.
- Listing on Coinbase Futures boosted PEPE’s visibility and legitimacy, contributing to its significant performance.
Pepe Coin (PEPE), the third-largest meme token by market cap, has witnessed an appreciable value increase today following a week of declines. With a trading volume of around $1.1 billion, PEPE’s price has jumped roughly 12.26% over the last 24 hours to hit $0,000009335.
Strategy for Pepe Coin Trading
This Ethereum-based memecoin seems to have raised from the lower bound of a pattern revealed in technical analysis provided by well-known crypto investor Elja.
Elja said on the daily chart that he simply has to buy each time the price of the token touches the lower bound and sell it when it reaches the higher bound.
$PEPE Simple Plan 👇
– Buy the lower bound
– Sell the upper bound
Rinse and repeat! pic.twitter.com/VpjAtNj3u4
— Elja (@Eljaboom) July 6, 2024
One should keep using this strategy until the price crosses one of the bounds. With all its natural volatility, PEPE has become one of the most amazing tokens this year among market expectations for a comeback to a bull run.
One of the dynamics around this cryptocurrency is a whale that sold 10 billion PEPE for $112,000 profit earlier this month, as we already reported.
PEPE also reached a noteworthy mark when it was featured on April’s perpetual futures on the Coinbase platform. A prior CNF report highlighted that the event caused the value of the meme token to rise by more than 30%.
PEPE has been a hot issue for much debate and conjecture among the crypto community, notwithstanding its recent performance.
Analysts and investors have taken note of its capacity to rise from recent lows. The increase in price and trading activity indicates a fresh interest in the token, thereby maybe indicating a change in market mood.
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