Pepe (PEPE), the popular meme coin inspired by the Pepe the Frog viral meme, has surged by 11.4% in the past 24 hours as bulls try to recover some of the territory they have lost in the past few days.
PEPE’s performance in the past week has been a bit better than the remaining top 5 meme coins. During this period, it produced losses of 8.9% compared to 16.3% and 13.3% that Dogecoin (DOGE) and Floki (FLOKI) shed, respectively.
Trading volumes have surpassed the $1 billion mark in the past 24 hours, accounting for around 38% of the token’s circulating supply.
PEPE is still the third-largest meme coin by market capitalization. Its resilience to the latest sell-off has helped it keep its place on the podium as Official Trump ($TRUMP) has also seen its value drop by 16.5% in the past 7 days.
The aggregated value of meme coins now sits at its lowest level since November 10, back when Donald Trump’s victory in the presidential election started to boost the market cap of the entire category.
Trading volumes are up 439% in the past 24 hours as traders appear to be joining the rally, possibly with the expectation that this could be the beginning of a trend reversal.
However, market sentiment remains heavily depressed, as reflected by the Fear and Greed Index. This gauge has dropped to its lowest level on record at 15 and it is signaling that investors are in “Extreme Fear” mode as prices have not found a bottom after two months of heavy selling.
PEPE Needs to Move Above $0.00000665 to Keep the Rally Going
From a technical standpoint, PEPE is still on a downtrend in the daily chart as the token would have to break above the $0.00000730 level. That would be an early signal that a trend reversal is starting to unfold.
However, momentum indicators remain heavily depressed, and although the Relative Strength Index (RSI) just crossed above the signal line, these false positives have resulted in losses in most cases for traders as the price has rapidly retraced just a couple of days after.
Meanwhile, the MACD’s histogram is not showing a clear trend. Instead, it is behaving erratically, posting low-magnitude green and red bars along the way.
Moving to the 1-hour chart, we can see that PEPE is rapidly approaching its latest higher high. This would be a defining moment for today’s session as a break above the $0.00000665 level would indicate that the market could be getting ready to fully reverse the downtrend.
However, a retreat below that point would just reaffirm the downtrend and could send PEPE back to $0.00000567 or lower if the sell-off resumes.
In these challenging conditions, only a handful of projects can deliver significant upside potential to investors. MIND of Pepe ($MIND) has progressively gained the status of best crypto ICO of the year as investors continue to pour capital into this AI agent token despite the turmoil.
MIND of Pepe ($MIND) Surpasses $7M Mark to Deploy a Powerful AI Agent
MIND of Pepe ($MIND) combines the power of artificial intelligence and the popularity of the Pepe the Frog meme to launch a powerful AI agent designed to collect information from its interactions with users on social media platforms like X.
This information is shared exclusively with $MIND holders so they can better navigate market conditions like this and take advantage of the handful of opportunities that are still out there.
In addition, once the agent has gained enough influence, it can promote its own meme coins to its loyal followers and give $MIND holders exclusive access to private sales events that will allow them to reap the highest returns once the assets are offered to the public.
$MIND tokens are currently being sold at a discounted presale price of $0.0034955 to compensate early supporters. However, this price will be raised in around 24 hours.
To buy $MIND, simply head to the MIND of Pepe website and connect your wallet. You can either swap USDT, ETH, BNB, or use a bank card to buy the token.
