Pepe Coin Skyrockets 17%, Traders Note 'Very Bullish' Technical Setup
Portfolio Pulse from Khyathi Dalal
Pepe (CRYPTO: PEPE) has seen a 17% increase in value over the past 24 hours, with traders noting a 'very bullish' technical setup. The surge is attributed to increased whale transactions and technical indicators like Fibonacci extensions. Pepe's valuation has reached $2.86 billion, closely competing with Dogwifhat (CRYPTO: WIF). Trading volume for Pepe has significantly surpassed that of WIF and Shiba Inu, with a notable increase in transactions over $100,000 and new holders. The upcoming Benzinga event will further discuss the impact of meme coins and Bitcoin.
April 22, 2024 | 8:41 pm
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POSITIVE IMPACT
Pepe coin's value surged by 17% with a bullish technical outlook and increased whale transactions, pushing its valuation to $2.86 billion.
The significant increase in Pepe coin's value and trading volume, along with positive technical analysis and increased whale transactions, suggests a strong bullish sentiment in the short term. The close competition with Dogwifhat and the high volume of transactions indicate a growing interest and potential for further gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100