Pepe coin (PEPE) is rebounding with a 50% increase in the past week

From Investing.com

July 18, 2024 10:49 AM:

Pepe coin (PEPE) is making a comeback, with a 50% increase in the past week, trading at $0.00001183. Market sentiment is positive, with rising demand for memecoins like PEPE fueled by recent political events. Whales are accumulating PEPE, boosting investor confidence and valuation.

The surge in whale accumulation has led to PEPE’s recent price rally, with significant players like Nascent reallocating their positions to PEPE. Broader market acceptance and liquidity, especially with Ethereum-based assets gaining traction, are pushing PEPE’s value upward.

Despite positive momentum, larger holders of PEPE have been selling off their holdings in the past 30 days, adding complexity to PEPE’s market outlook. With PEPE’s RSI indicating high buying interest, the coin’s upward momentum is expected to continue if market conditions remain favorable.

Read more at Investing.com: Here’s why memecoin Pepe rebounding By Investing.com