PEPE (Pepe) rose 12.18% in the last 24 hours.

Gate News Bot News, July 11, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at $0.0000122412, with a rise of 12.18% in the last 24 hours, reaching a high of $0.0000124627 and a low of $0.0000094641. The 24-hour volume reached $1.733 billion. The current market capitalization is approximately $5.15 billion, an increase of $559 million compared to yesterday.

Pepe is a cryptocurrency themed around the internet-famous meme character Pepe the Frog. The project aims to revitalize the meme coin market through pure meme power. PEPE is launched under a model of no presale, zero tax fees, a destroyed liquidity pool, and abandoned contract ownership, claiming to be a token that forever belongs to the people. The project has no formal team or roadmap, emphasizing that it is entirely for entertainment purposes and does not possess intrinsic value or financial return expectations.

PEPE recent important news:

1️⃣ The cryptocurrency market is warming up overall, driving the rise in PEPE prices Recently, the price of Bitcoin reached a new high, driving the entire cryptocurrency market to recover. As one of the popular meme coins, the price of PEPE is significantly influenced by market sentiment, rising along with the overall market.

2️⃣ PEPE breaks through the descending triangle pattern, showing bullish signals The price of PEPE recently broke through a descending triangle pattern, which is often seen as a potential bullish signal. This breakout provides technical support for the short-term rise of PEPE.

3️⃣ Technical indicators show increased rising momentum The relative strength index (RSI) reading for PEPE is 57, above the neutral zone, indicating that the pump momentum is increasing. At the same time, the moving average convergence divergence (MACD) is showing a bullish trend, with both the MACD and signal line trending upwards.

From a technical perspective, if PEPE can stabilize above the resistance level of $0.00001037, it may trigger a new round of pump, with a potential target pointing to $0.00001196. However, if the price fails to break through the current resistance, it may retrace to test the support level of $0.00000900.

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