At press time, PEPE price was trading at $0.000004767 with an intraday gain of 10.1% and its market capitalization was $2.007B. The PEPE price moved between $0.000004259 and $0.000004994 in this period. It also rose 8.6% against Bitcoin and 8.1% against Ethereum, which shows that the rally was stronger than the broader market. The 24-hour trading volume stands at $482.83M and perps open interest is at $794.77M, which shows that derivatives traders are active at this level. The technical analysis suggests that the PEPE price has kept rising by forming higher highs and higher lows.
Currently, the price is staying in the higher low territory and has gained bullish momentum. This bullish momentum could trigger a move of around 30% and can form a new higher high. However, a drop below $0.000004200 can weaken the rally and bring the price back to $0.000003659.