PEPE [PEPE] Breaks Downtrend as Memecoin Sees 13.32% Price Increase in 24 Hours

Pepe [PEPE] has started making waves in the crypto market once again, as the memecoin saw a remarkable 13.32% price increase in just 24 hours.

Pepe [PEPE] price has increased by a remarkable 13.32% in the last 24 hours, sending memecoin floating in the crypto market again. This increase pushed the market value up by 13.02% to $3.4 billion.

But that's not all; Transaction volume increased by 64% and reached 711.05 million dollars. This explosive growth in both prices and volumes demonstrated renewed interest in the meme coin.

Digging deeper, AMBCrypto found interesting on-chain data. At press time, 52.91% of addresses holding PEPE were profitable.

According to this data from IntoTheBlock, the fact that the majority of addresses are profitable may indicate that the coin is evenly distributed among various individuals.

Also, the long/short ratio trended towards the bulls as more investors decided to take long positions. This optimism could lead to additional increases if the trend continues.

According to data from Coinglass, the ratio of long positions to short positions is currently 1.06, indicating that the bulls have taken over the market in the last few weeks.

The price of

PEPE has recently experienced a remarkable recovery, breaking the downward trend it has seen over the past few months. Meme coin is now recording higher lows and higher highs, especially in the last few weeks.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

The price of

PEPE has recently experienced a remarkable recovery, breaking the downward trend it has seen over the past few months. Meme coin is now recording higher lows and higher highs, especially in the last few weeks.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

The price of

PEPE has recently experienced a remarkable recovery, breaking the downward trend it has seen over the past few months. Meme coin is now recording higher lows and higher highs, especially in the last few weeks.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

Consequently, PEPE's technical indicators are bullish, especially considering the broken downtrend.

In conclusion, PEPE's technical indicators, especially the broken downtrend, should be taken into consideration

The above is the detailed content of PEPE [PEPE] Breaks Downtrend as Memecoin Sees 13.32% Price Increase in 24 Hours. For more information, please follow other related articles on the PHP Chinese website!