Pepe USD (PEPE) has experienced a notable price increase today, driven by a combination of technical and speculative factors. The recent movement of funds from a multisig wallet linked to the Pepe team to Binance has sparked speculation about potential further transfers, which may have contributed to the heightened interest and trading activity. This follows a previous incident where a portion of the treasury was moved without authorization, leading to internal conflicts and the removal of responsible developers. Despite these challenges, PEPE has managed to maintain its position as a leading memecoin, ranking third in its category.
The technical analysis also supports the current upward momentum. After rebounding from the $0.00001152 support level, PEPE has surged towards the critical $0.00001313 resistance level. This move indicates a solid recovery, with buyers taking charge and driving the price upward. The Relative Strength Index (RSI) has moved out of the oversold zone, suggesting that the intense selling pressure has subsided and buyers are starting to take control. This shift towards a more balanced market is a positive sign for PEPE's potential to sustain its bullish trend.
Pepe USD's price has increased by 5.29% today, reaching a current price of $0.000014. The highest price recorded today was $0.000014, while the lowest was $0.000013.