PEPE Coin ($PEPE) Surges 13% as Meme Coin Market Rebounds, Reaches New All-Time High

<ul>
  <li>Pepe coin's price surged nearly 13% today, with the token hitting a new ATH of $0.00001577.</li>
  <li>Although the meme coin encountered some selling pressure, it managed to trade prominently in the green.</li>
  <li>With weekly gains of over 50%, followed by an over 100% price upswing recorded over the past month, the meme coin has emerged as a favorite on crypto market traders’ and investors’ radar.</li>
</ul>
<p><strong>Discover the latest surge in Pepe coin's price, its new all-time high, and what this means for the future of meme coins in the crypto market.</strong></p>
<h2><strong>Pepe Coin Bull Run: A Closer Look</strong></h2>
<p>Pepe coin, a renowned frog-themed meme cryptocurrency, has continued to defy the broader market sentiments of a due price correction and has once again surged to unprecedented levels. The frog-themed meme crypto has hit new ATH amidst the meme coins sector recovery today, solidifying its position and garnering significant attention across the global crypto realm.</p>
<p>Pepe coin hit a new ATH of $0.00001577 today, May 25, piquing significant investor interest. This ATH comes on the back of a 13% price rally, as mentioned above.</p>
<p>Despite Coinglass recording $4.58 million in liquidations, the token is rallying phenomenally today, garnering additional investor attention to the frog-themed meme token.</p>
<h3><strong>Market Performance and Investor Sentiments</strong></h3>
<p>CoinOtag Media earlier reported that Pepe coin has recently secured the 20th spot on the top cryptos by market cap list. Coupled with the abovementioned developments, PEPE paints a highly bullish market outlook.</p>
<p>Also, jwynn.eth, a renowned crypto trader, deposited a staggering 491 billion PEPE to Binance, one of the world’s leading crypto exchanges, to take profits amid this price rally. It is worth noting that the trader thinks that PEPE is still undervalued.</p>
<h2><strong>PEPE Price Rallies 13%</strong></h2>
<p>As of writing, PEPE’s price has gained 12.33% in the past 24 hours and is currently trading at $0.00001548. Its 24-hour lows and highs are $0.00001366 and $0.00001559, respectively. Coinmarketcap data shows that PEPE rallied 53% over the past week, whereas monthly gains totaled 104.42%.</p>
<p>Further, Coinglass data illustrated mixed sentiments prevailing for PEPE among investors, as OI surged 21.58%, although derivatives volume dipped 41.05%.</p>
<p>The RSI continued to surf in the overbought territory, at 74, birthing market sentiments of a potential due price correction.</p>
<h3><strong>Conclusion</strong></h3>
<p>Pepe coin's recent performance has been nothing short of remarkable, with significant gains and a new ATH that has captured the attention of the crypto community. While mixed sentiments and potential corrections loom, the overall outlook remains bullish, especially with key investors showing confidence in the token's future. As always, investors should stay informed and consider market conditions before making any decisions.</p>
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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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