PEPE, the frog-themed cryptocurrency, increased by 6% in the last 24 hours, reaching a price of $0.00001285. Despite fluctuations, trading volumes soared to 4.6 trillion tokens, highlighting strong market interest.
- The price has shown intense volatility, experiencing nearly a 9% intraday range, fluctuating between $0.000011981 and $0.000013081.
- Observations from CoinDesk’s Memecoin Index reveal it gained 7.12% in the past day, indicating broader strength in the memecoin sector.
- Notably, support levels were identified at around $0.000012600, with investors actively preventing declines around this threshold. Firm buy orders have been placed at approximately $0.000012820 to stabilize further movements.
This performance contrasts with the CoinDesk 20 Index, which saw gains of just 3.3% among major cryptocurrencies. Market analysts suggest that despite the volatility, investors are optimistic about PEPE’s outlook, as exchange balances have notably decreased by 2.6% over the past 30 days.
Key Insights:
- 6% surge in PEPE in the last 24 hours.
- Trading volumes reached 4.6 trillion tokens.
- Price volatility indicated by a nearly 9% trading range.
- Successful defense of key support levels by investors.
