- PEPE crypto has shown 19 green days in the last 30 days.
- The volatility of the crypto is extremely high at 81.0%.
Pepe (PEPE) is a meme coin inspired by the internet meme Pepe the Frog. It’s created without presale or taxes, aiming to be community-driven with burned liquidity provider tokens and a renounced contract. It holds no and is purely for entertainment, following a roadmap for community engagement and partnerships.
The market cap of the Pepe crypto has advanced by 5.2% in the last 24 hours followed by an advance of 56% in the trading volume of the crypto. The value of the traded volume for the crypto is $.73 Billion.
PEPE is the 40th largest cryptocurrency in the global cryptocurrency market and the market cap value of the crypto is $3.69B. Moreover, the volume/market cap ratio of the token is 47.03%.
The current market cap dominance of the token is 0.13% and the sentiment of the crypto is also bullish. The fear and greed index is at 81 indicating extreme greed. Also, the all-time high price of the crypto is $0.000009885 which was recorded on March 09, 2024.
Pepe Token Derivatives Analysis
The derivatives trading volume for the crypto has advanced by 63% in the last 24 hours followed by an advance of 8% in the open interest of the crypto.
Also, the long/short ratio of the token is 0.9372 which is followed by a higher long liquidation of $3.51 Million. Moreover, the short liquidation for the token is worth $3.26 Million. The long liquidation and the short liquidation for the token are almost the same which indicates consolidation in the price.
Pepe Token Supply Overview
The circulating supply of the Pepe token is 420.69 Trillion and the total supply and the maximum supply of the crypto is also the same. The fully diluted market cap of the token is $3.66 Billion and there are a total of 182K holders for the token as per Etherscan.io.
Social Dominance Vs Stablecoins Held By Whales
The percent of the total supply of stablecoin held by the whales over $5 Million is consistently advancing while the social dominance of the crypto is static and does not any significant change. Despite this, the trading price of the token has advanced to new highs.
PEPE Crypto Technical Analysis
The PEPE crypto is following a very strong uptrend and the price of the crypto is parabolically advancing without any retracement in price. In just a few weeks, the price of the token has advanced by more than 400%.
The current situation of the price represents total dominance of buyers and the price of the crypto might continue to advance to higher levels.
PEPE/USD Chart by TradingView
The 20, 50, and 200-Day EMAs are trading in a golden cross followed by the advance in the trading price of the crypto.
As the price of the crypto is very strong and is consistently advancing the Average directional index for the crypto is at a level of 63.9. This further supports the trend of the token.
The MACD indicator is also gives a strong buy signal on the charts followed by the bullish cross of the MACD and the signal line. The histograms are also green on the charts.
Summary
Pepe (PEPE) cryptocurrency has surged over 400% recently, with a bullish sentiment prevailing. With 19 green days in the last month and high volatility, PEPE’s market cap and trading volume have seen significant increases. Technical analysis indicates a strong uptrend, with EMAs in a golden cross and bullish MACD signals.
Technical Levels:
- Support Levels: $0.00000080 and $0.00000490
- Resistance Levels: $0.00001 and $0.000015
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.