The recent surge in Pepe USD's price can be attributed to a combination of market dynamics and investor sentiment. Despite a broader shift in focus from meme tokens like PEPE to new coins on the Solana network, Pepe has shown signs of potential rebound amid market volatility. Technical indicators suggest that PEPE may be oversold, with a Relative Strength Index (RSI) of 33.01 and a Stochastic value of 18.52, indicating a possible upward momentum if the price holds above its support level. This technical setup has likely attracted traders looking for a potential bounce-back opportunity.
Additionally, the broader crypto market is experiencing a wave of enthusiasm driven by Donald Trump's pro-crypto agenda, which has invigorated the meme coin sector. This renewed interest in meme coins, coupled with Pepe's recent listings on major exchanges like Coinbase and Robinhood, has contributed to its price fluctuations. The listing on these platforms has increased accessibility and visibility, potentially drawing in new investors and speculators.
Pepe USD has experienced a 3.64% increase today, with its price reaching a high of $0.000018.