Pepe Price Rally Ahead? $1.1 Billion Volume Buys the Dip – Can PEPE Reach $1?

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The Pepe price has risen by 2% in the past hour, reaching $0.000008195 as the cryptocurrency market actually falls by 4% in the past day.

PEPE is now up by 12% in a week, and while it remains down by 7% in a month, it sits on a highly enviable 1,100% increase in the last 12 months.

And its mini-surge today comes as its trading volume tops $1 billion, with whales having resumed accumulating the meme tokens in recent weeks.

This points to incoming price gains, particularly as the market is now heating up in its approach to the end of the year.

PEPE’s big spike today find the coin regaining some momentum, after a so-so start to the week.

Its relative strength index (purple) has jumped beyond 60 after falling to 40 this morning, signalling the influx of buyers.

Similarly, its 30-period moving average (orange) has begun rising further above its 200-day average (blue), a sign that PEPE remains firmly within a period of expansion.

Indeed, its volume has ballooned today, and what’s also encouraging is that its resistance (red) and support (green) levels are close to colliding with each other.

This suggests that the Pepe price may see a breakout later in the week after a possible (and small) correction today.

Looking at the bigger picture, the meme token has seen a return in accumulation over the past few weeks, after a relatively quiet August.