Pepe (PEPE) Price Jumps Nearly 10% in 24 Hours Despite Weekly Downtrend

Pepe (PEPE) has seen a 9.95% increase in its price in the past 24 hours, recovering from its recent downturn. Despite losing 12% over the past week, PEPE is now trading at $0.0000094. Trading volume has declined by 26%, while circulating supply rose by 0.35%. The meme coin holds a market cap ranking of #31 with a valuation of $3.96 billion.

In a surprising move, Pepe (PEPE), the popular meme coin, has rebounded with a significant price increase of 9.95% over the past 24 hours, now sitting at $0.0000094. This upward price action comes in contrast to its recent negative performance, where it dropped by 12% over the last week, moving from $0.000011 to its current price.

A closer look at Pepe’s price movement reveals a surge in short-term trading activity. The coin’s volatility, measured through Bollinger Bands, indicates higher fluctuations within the last day compared to the prior week. These gray bands show that the daily volatility is widening, signifying the potential for continued rapid price changes.

Despite this price recovery, the trading volume for Pepe has decreased by 26% in the past week, highlighting a drop in trading interest. However, the coin’s circulating supply has risen by 0.35%, bringing it to 420.69 trillion tokens, which represents 100% of its total maximum supply. Pepe’s market cap currently stands at $3.96 billion, securing its position at #31 in the global cryptocurrency rankings.

With increasing supply and fluctuating prices, investors are closely watching the next moves in the PEPE market, as the meme coin continues to capture attention in the ever-changing crypto landscape.

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