Price broke resistance at $0.000009 amid 150% volume spike.
\nWhale accumulation triggered breakout to $0.000011 zone.
\nTarget levels include $0.00001712, $0.00002118 and potentially $0.00006.<\/p>\n
The memecoin market is back in focus after Pepe recorded a dramatic 40% surge in the past 24 hours, outperforming Dogecoin, Shiba Inu, and other top tokens.<\/p>\n
The broader altcoin rally followed Bitcoin\u2019s break past the $100,000 level and Ethereum crossing $2,200.<\/p>\n
As a result, memecoins are now leading gains across decentralised finance, with some tokens recording double-digit increases in a matter of hours as renewed investor confidence returns.<\/p>\n
Pepe, one of the more volatile assets in the segment, has just broken through a critical resistance at $0.000009 amid rising whale accumulation and a 150% jump in trading volumes.<\/p>\n
Technical indicators suggest this breakout could lead to a major price discovery phase and potentially a new all-time high for the token.<\/p>\n
Trading volume for Pepe skyrocketed as larger investors, often called \u2018whales\u2019, began accumulating substantial amounts of the token.<\/p>\n
The breakout above $0.000009 was seen as a major technical milestone, having acted as a stubborn resistance in the past.<\/p>\n
The price move was accompanied by a 150% increase in volume, pointing to strong market interest.<\/p>\n
Whale wallets reportedly bought millions of dollars\u2019 worth of Pepe, which helped drive momentum past key price levels.<\/p>\n
At the time of writing, Pepe is trading at $0.00001334, having surpassed the $0.000011 range that previously marked the token\u2019s April high.<\/p>\n\n
Source: CoinMarketCap<\/a><\/p>\n Pepe\u2019s price chart shows a double-bottom reversal formation, with the neckline recently breached. Weekly technical indicators support a bullish continuation.<\/p>\n The Relative Strength Index (RSI) is showing a breakout into overbought territory, while the MACD has flipped bullish with a crossover above the signal line.<\/p>\n The token is currently testing its 200-day moving average on the weekly timeframe.<\/p>\n If it maintains support above this level, analysts suggest a move towards $0.00001712 is possible, followed by a run to $0.00002118.<\/p>\n Beyond that, the chart suggests Pepe could test the resistance channel top at around $0.00006, which would mark a new all-time high and potentially attract fresh speculative capital.<\/p>\n The broader memecoin market has seen significant gains in the past day.<\/p>\n BOOK OF MEME jumped 30%, while Fartcoin, Mog Coin, FLOKI, and ApeCoin posted increases between 18% and 20%.<\/p>\n Several others, including popular tokens in the top 100 by market cap, registered 15% gains or more.<\/p>\n The rally is widely viewed as being fuelled by Bitcoin\u2019s strength, which has historically served as a catalyst for speculative altcoins.<\/p>\n Ethereum\u2019s move above $2,200 has also restored confidence in riskier crypto assets, especially tokens with strong community backing like Pepe and others that have experienced prior bull cycles.<\/p>\n Unlike some of the smaller tokens, Pepe has managed to break key resistance with strong on-chain activity.<\/p>\n The bullish divergence across technical indicators hints at sustained buying interest, particularly as the meme sector enters what some traders call a \u201cparabolic\u201d phase with high volatility.<\/p>\n The post Pepe price jumps 40% amid memecoin rally driven by Bitcoin surge<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Price broke resistance at $0.000009 amid 150% volume spike. Whale accumulation triggered breakout to $0.000011 zone. Target levels include $0.00001712, $0.00002118 and potentially $0.00006. The memecoin market is back in focus after Pepe recorded a dramatic 40% surge in the past 24 hours, outperforming Dogecoin, Shiba Inu, and other top tokens. The broader altcoin rally […]<\/p>\n","protected":false},"author":0,"featured_media":3305,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3304","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3304"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3305"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Technicals point to next leg of bull run<\/h2>\n
Memecoin sector gains accelerate<\/h2>\n