PEPE (Pepe) rose 9.26% in the last 24 hours

Gate News Bot news, July 10, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at $0.000011, with a rise of 9.26% in the last 24 hours, reaching a high of $0.000011 and a low of $0.0000095. The current market capitalization is approximately $4.625 billion, an increase of $392 million compared to yesterday. Currently, PEPE ranks 28th in the market capitalization of Crypto Assets.

PEPE is a meme token themed around the internet-famous meme frog Pepe. The project aims to revitalize the meme coin market through the pure power of memes. The PEPE token uses an issuance model with no presale, zero fees, locked liquidity pools, and relinquished contract ownership, emphasizing its service to the people. The project has no formal team or roadmap and is positioned as a token for pure entertainment purposes.

Important news about PEPE recently:

1️⃣ The Crypto Assets market is overall recovering, driving the resurgence of Meme coin行情 Recently, the overall cryptocurrency market has strengthened, providing a recovery impetus for Meme coins, including PEPE. As one of the top three meme coins by market capitalization, PEPE's price movement has attracted market attention.

2️⃣ PEPE price approaches key resistance level The current trading price of PEPE is close to an important local resistance trend line, which is formed by connecting the high point on May 23 and the closing price on June 10. Breaking through this resistance level may trigger further rise.

3️⃣ The descending triangle pattern is about to complete The PEPE price is currently forming a descending triangle pattern, with the upper resistance trend line and the baseline support at $0.00000900 forming together. If it can effectively break through the upper trend line, it may trigger a bullish signal.

From a technical perspective, the relative strength index (RSI) of PEPE has risen from the oversold area to 49, supporting short-term optimistic expectations. At the same time, the MACD indicator has recently formed a golden cross, and its moving averages are showing an upward trend, further enhancing the potential pump momentum.

If PEPE can hold above the resistance level of $0.00001037, it may trigger a new round of pump, with potential targets pointing to the June 8th high of $0.00001196. However, if the price fails to break through the current resistance, it may fall back to test the shape baseline support level of $0.00000900.

This message does not constitute investment advice; investors should be aware of market volatility risks.