The PEPE token has experienced a 3.86% decline over the past 24 hours, with its price dropping to $0.00001509. Despite this short-term pullback, PEPE has posted a weekly gain of 26.30% and an impressive monthly rise of 126.30%. Over the past year, PEPE has yielded a remarkable return of 1,135.41%, outperforming major cryptocurrencies like BTC, ETH, and SOL. This robust performance indicates strong and widespread investor interest in PEPE. Additionally, PEPE’s 24-hour trading volume has surged to $2.50 billion, surpassing DogWifHat’s $821 million, signaling potential for an upcoming rally despite the current price correction.
After dipping in the early hours of the day, PEPE might be leading towards a rally, as its relative strength index has fallen from 65 to 15 in the past 24 hours, indicating an oversold condition. However, PEPE has just dipped below its week-long positive trendline, suggesting weakening bullish momentum. The meme coin’s 30-day moving average is trending upward above the 200-day moving average, continuing last week’s trend. This negative price action may be a short-term correction within a longer-term uptrend, with PEPE’s trading volume rising by 12% in the past week to $2.50B, indicating increased trader interest.
PEPE is likely to witness bigger price gains once the market picks up more steam, especially with the launch of the recently approved Ethereum ETFs next month. Traders looking for quicker and bigger gains may choose to investigate newer low-cap meme coins like Sealana, a Solana-based meme coin capturing significant attention from investors and whales. Sealana’s presale is in its final phase, raising over $3 million so far and showing 100x potential, which can be purchased with SOL, ETH, or BNB at a presale price of $0.022 per token, before hitting exchanges at potentially higher prices.
Sealana is part of a new wave of meme coins helping the Solana network challenge Ethereum’s dominance in meme coins. Following successful predecessors like DogWifHat, Bonk, Book of Meme, and Popcat, Sealana aims to make its mark in the meme coin market. Traders and investors interested in high-risk assets should keep an eye on Sealana and similar meme tokens for potential larger gains as the crypto market evolves. Make sure to conduct thorough research and due diligence before investing in any cryptocurrency.
