The cryptocurrency inspired by the same Pepe jumped more than 2.5% during the last period 24 hours a day, outperforming the same sector, measured by the same index Coindesk (CDMEME), which increased by 2.24% in the same period.
The price went from $ 0.00000,969 to a summit of $ 0.000010,1027, the negotiation volumes by crossing 314 billion tokens during a rapid price movement in the last hour of negotiation, according to the Technical Analysis Data model of Coindesk Research.
The negotiation activity from 0.00001000 to 0.00001003 $ has created a temporary floor, with resistance forming nearly $ 0.0000,1007. This type of technical configuration generally signals accumulation, a sign that investors constitute positions rather than returning for rapid benefits.
The Pepe movement also surpasses the wider market of cryptocurrencies, as measured by the Coindesk 20 index (CD20), which increased by 1.8% in the last 24 hours.
The climb also seems to be linked to an increase in the accumulation of whales. Nansen’s data show that the 100 best PEPE addresses on the Ethereum network added 4.28% to their assets in the last 30 days, while exchanges have seen their PEPE assets rush 2.15% in the same period.
The open interest in Pepe Futures Products continued to increase to stand near the market by $ 645 million according to Coinglass data.
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