PEPE, the meme coin rapidly growing in popularity, stands powerful in the market of memecoins, presenting itself as a rival to DOGE and SHIB. On 3rd of May 2021 PEPE's value experienced an impressive rise, triggered by the sudden surge in interests of investors and dealers.

The value of PEPE started from an intraday low of $0.0000009165 and increased to a high of $0.000001766, pushing the rate of growth at 71.89% and settling at the price of $0.000001657 the same day. That spike in value also caused the market capitalization to ascend to $695,883,678 and a 68.94% boost in 24-hour trading volume to $407,450,760. The progression of prices could be observed if the bullish drive overcomes the resistance level of $0.000001766 and reaches to the level of $0.000002055.

According to the PEPEUSDT chart, the expanding Bollinger bands identifies the probable resistance ($0.0000016890) and support($0.00000006833) levels, further suggesting that the market is approaching an overbought condition, with the price action near the upper band. Additionally, a 0.09 Chaikin Money Flow shows the presence of bullish momentum, pointing to the north in the price chart, implying that there is more buying pressure than selling pressure, that may motion the prices even higher.

In summary, what PEPE has managed to accomplish is a remarkable feat, as it has definitively marked its spot in the memecoin market through its rapid growth and remarkable increase in value.



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