The popular Pepe on the theme of frogs jumped 10% in 24 hours to reach $ 0.00001049, fueled by technical signals which could indicate more upwards in the middle of a wider increase in the market.
The token went from 0.00000949 to $ 0.00001049, reaching a peak of $ 0.00001077 at the start of negotiations before being slightly.
A key technical model, a golden cross, where the short-term mobile average rises above the long-term average, has been formed on the graphic of Pepe, referring to a sustained optimistic impulse.
A golden cross is widely monitored in trading environments because it suggests that the recent purchase pressure could continue in a longer -term rally.
The negotiation volume increased significantly during the rally, reaching 13.7 billions of tokens in an hour while the price started to get up, and 7.7 billions later, stressing the intensity of the rally.
Meanwhile, the wider sector of the same, according to the Coindesk Memecoin index (CDMEME), increased by 11.4% in the last 24 hours.
Despite a removal of the peaks, Pepe has established a solid level of support close to 0.000000101, according to the Technical Analysis Data model of Coindesk Research. Fibonacci extension levels suggest that the price could push around $ 0.0000,110 if the rally takes place.
Cryptocurrency surpassed the wider market of cryptocurrencies in the last 24 hours, as measured by the Coindesk 20 index (CD20), which increased by 5.92% during the same period.
