Popular meme -inspired cryptocurrency pepe rose more than 4% over the past 24 hours to trade by almost 10% over the past week.
The wave comes in the midst of renewed interest in Meme -Tokens, where the Coindesk Memecoin Index (CDMEME) increases more than 11% over the past week, surpassing Bitcoin’s 1.4% movement. Over the course of 24 hours, the Memecoin sector has increased by 2.5%compared to BTC’s 0.2%.
Pepe ranged from $ 0.00001013 to $ 0.00001074, which set a new short -term resistance near $ 0.00001082, according to Coindesk Research’s technical analysis data model. Trade activity spiked significantly, with over 5.89 trillion pepe-tokens, changing hands below the top of the rally, more than twice the 24-hour average.
The price action shows a stable pattern of higher low low, a signal that buyers are entering consistently at increasingly elevated levels. This kind of structure is often interpreted as a sign of accumulation of more committed investors.
In the most active phase of the move, the token also touched $ 0.00001081 before setting slightly lower. The quick spike pulled a new resistance line while a fixed level of support occurred around $ 0.00001017.
These price limits, tested several times, help shape dealers’ expectations of where the coin can go next time.
The rally was characterized by strong liquidity and sustained demand. The activity increased around several gene tests of $ 0.00001069 mark, a level that held each time, strengthening its strength.
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