PEPE Rallies 22% to Hit New ATH: Details

$PEPE, the frog-themed meme coin project is dusting all other rivals on the market as it just surpassed its all-time-high ($ATH) price. At the time of writing, $PEPE is showcasing a 22.41% surge in the past 24 hours to $0.00001356. This current outlook is a slight backtrack from the recent $ATH of $0.00001422 it registered a few hours ago.

$PEPE is a major beneficiary of the current bull market cycle. X-Raying its growth underscores a major meme coin outlier that aims to stem the dominance of both Dogecoin ($DOGE) and Shiba Inu ($SHIB). Besides its 24-hour growth, $PEPE has soared by another 22.36% surge in the trailing seven-day period.

Over the past month, $PEPE has managed to outperform the the market and the average meme coin with a 107% surge to date. With this general outlook, $PEPE is now trading well above its 50, 100 and 200-day EMA, underscoring its extremely bullish positioning.

While the massive rally in the price of $PEPE spells a good omen, there might be a reversal moving on to underscore the cool-off period. However, to cushion this possibility, the $PEPE community will need to sustain the 71% surge in the trading volume pegged at $4,381,864,123. This equates to roughly 32.9 trillion $PEPE exchanged on the market overnight.

When $PEPE became popular in early 2023, many had doubts about its longevity, especially as it took a different stance from the dog themes that $DOGE and $SHIB are known for. Despite the skepticism, $PEPE has continued to outperform, becoming the first of the major meme coins to retest its $ATH post-crypto winter.

One major hurdle now lies ahead for $PEPE, and this involves its lack of a specific utility pivot. Unlike Shiba Inu with Shibarium, and BONK’s relevance with Solana Mobile, $PEPE is still highly speculative despite its recent successes.