PEPE Price and Volume Surge: Are the Bulls Ready to Launch a Bigger Run and Break Through Key Levels?

Question

* **PEPE is trading in the $0.000014 range.*** **Its daily trading volume has surged by over 51%.**With the greedy sentiment in the crypto market, all the major assets have jumped to their new highs. Notably, the meme coin market cap rests at around $83.5 billion, after a 3.2% gain. Meanwhile, the frog-themed meme coin, PEPE, has recorded a 10.95% surge PEPE kickstarted the day trading at a low of around $0.00001309. Later, the bullish command has likely pushed the meme coin to a high of $0.00001536. PEPE is trading around the $0.00001464 mark, with its market cap resting at $6.16 billion Consequently, PEPE’s daily trading volume has surged by over 51.93%, reaching $2.76 billion. Furthermore, the market has witnessed a $6.37 million PEPE liquidation within this interval, as per Coinglass data Over the last seven days, PEPE has registered a solid 80.62% gain. The meme coin opened the week trading at around 0.0000076. With the potential bullish shift, it has risen to the current trading level ### Will PEPE Climb Higher or Lose Steam?The four-hour PEPE/USDT pair shows a brief bullish pattern on the charts. The formation of the green candles could likely trigger the price to climb to $0.00001486. Further upside correction has the potential to push the meme coin to the $0.000015 range If the price chart prints with a red shade, erasing the recent gains, it triggers the downside correction. It will find immediate support at the $0.00001442 level. The longer the bears stay, PEPE might form the death cross, aiming for a lower target at around $0.000013 ![](https://img.gateio.im/social/moments-a27def7e812ad081ed96487ef527cae7)*PEPE chart (Source: TradingView)*The MACD line of PEPE is settled just above the signal line, indicating a brief upside momentum. This crossover is an early sign of upward momentum. Besides, the CMF reading of -0.00 suggests neutral sentiment; there is no significant buying or selling dominance within the market An RSI value of 78.58 implies that the meme coin is in overbought territory. This hints at a price correction or pullback. In addition, the BBP reading resting at 0.00000279 signals a slight uptrend, with the bulls having a minor edge over the bears.**Highlighted Crypto News** PNUT Gains Steam, Will Peanut the Squirrel Climb Back to $1?