Meme coins have gone up by 3.2% in the past 24 hours and Pepe (PEPE) is leading the scoreboard as Monday’s rally seems strong enough to spill over to today’s session.
The aggregated market cap of the 100 largest cryptocurrencies in this category currently stands at $53.8 billion. The past week has been positive for meme coins as their market value has jumped by 12.2%.
This is an improvement compared to their performance in early May when market sentiment dropped to record levels as per the Fear and Greed Index.
Pepe (PEPE) is leading the rally with weekly gains of 14.9%. Its market price currently stands at $0.000007922. Meanwhile, Dogecoin (DOGE) is the best-performing token in the past 24 hours, delivering a 4.9% return.
PEPE’s trading volumes have gone up by 30% as well in the past day and currently sit at $630 million. Yesterday, open interest in PEPE futures rose to its highest level in nearly a month as market sentiment seems to be picking up.
Meanwhile, OI during the Asian session has already surpassed yesterday’s level. This could be an early indication that the rally is poised to continue as PEPE nears a critical resistance.
PEPE Seems Poised to Retest the $0.00000900 Level as Positive Momentum Picks Up
PEPE seems headed to retest the $0.00000900 level in the next few days after breaking a descending price channel in the past week.
Momentum indicators are favoring a bullish outlook for this meme coin as the Relative Strength Index (RSI) remains above the signal line. Yesterday’s rally pushed the RSI 15% above its 14-day simple moving average as positive momentum is gaining traction.
Moreover, the MACD’s histogram shows two consecutive increasingly higher momentum readings that also indicate that the rally could be accelerating.
For this rally to continue, PEPE would have to break above the $0.00000900 level. Now that the Federal Reserve meeting is in the rear view mirror and the market has some degree of assurance about the macroeconomic outlook, nothing seems to stand in the way for this to happen.
As the crypto market recovers, the best crypto presales of the year like MIND of Pepe (MIND) offer an appealing opportunity to reap the highest returns.
This Crypto Presale Defies the Market’s Downturn with $7.6M Raised
MIND of Pepe (MIND) is an AI agent token that leverages the power of artificial intelligence and the popularity of the Pepe the Frog meme to captivate large audiences across social media platforms like X.
The agent is designed to engage in conversations with high-profile accounts to progressively gain influence and collect valuable information from these interactions that $MIND holders can use to navigate these challenging market conditions and profit from new opportunities.
As MIND of Pepe’s reach grows, the agent can launch its own meme coins and give $MIND holders early access to these tokens so they can reap the highest returns.
MIND of Pepe is currently available at a discounted presale price of $0.0035946. However, this price will be increased in the next 36 hours or so.
To buy $MIND, simply head to the MIND of Pepe (MIND) website and connect your wallet (e.g. Best Wallet).
You can either swap USDT, ETH, or BNB or use a bank card to make your investment.
The post Meme Coins Are Exploding Again – PEPE Leads With Bullish Breakout appeared first on Cryptonews.
