Highlights:
- Pepe Coin Price has surged by 13% over the past 24-hours.
- Crypto analysts predict a continued bullish trend for PEPE.
- PEPE approaches previous highs, buyers show increased activity.
Pepe Coin Price has experienced a significant rise in the last day, spurred by increased trading activity linked to the U.S. elections. This meme-inspired altcoin trades above a key support level, showing resilience in a broader market recovery. Such robust performance hints at possible advances, boosted by rising investor confidence. The overall market sentiment is optimistic, fueling the token’s ascent as the cryptocurrency sector returns.
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PEPE Coin Price Surges as Trump Wins
Donald Trump has finally won the 2024 US presidential election, achieving 51.2% of the total votes. That voter turnout also included cryptocurrency enthusiasts, whose participation helped make this remarkable triumph over Democrat Kamala Harris possible. Trump has won by a nearly 50 million vote lead.
Meanwhile, Related financial news put the price of Bitcoin in new highs of $75,000. Surge was mainly a result of the positive response to Trump’s election in the market. PEPE coin was not the only digital currency that has breached cryptocurrency markets crowd since the victory, other currencies like Bitcoin and Ripple have also surged.
Analyst Predicts Major Surge in PEPE Price
Crypto analyst shared an X post emphasizing the recent momentum in cryptocurrency markets alongside speculative commentary on political outcomes. The post highlighted a surge in the value of the cryptocurrency PEPE, aligning this uptick with an upcoming bullish phase for digital assets.
$PEPE And The Crypto Market Is Starting to Surge 📈🌑
Trump Victory Looks Inevitable 🦅
Crypto Could Be In For The Biggest 4 Years Of All Time ⏳
Latest #PEPE & Crypto News Update 👇📺🐸 pic.twitter.com/tC4BRi5tqI
— Crypto Zeus ⚡ (@CryptoZeusYT) November 6, 2024
In addition, the analyst noted that the results of the 2024 Presidential Election seem to lean heavily toward Donald Trump. Harris overtakes Elizabeth Warren and Bernie Sanders, both with strong leads over Trump, in this projection. In fact, the update was for the followers excited about the interrelation of cryptocurrency trends and U.S. politics, where they could experience the market going up and down and the upcoming election results.
Pepe price is currently on an upward trajectory, with a recent surge pushing it to $0.000009231. This represents a notable 12% increase within the U.S. trading period. Today, the coin fluctuated between a low of $0.000008157 and a peak of $0.000009643, demonstrating a bullish market pattern.
The meme coin is now setting its sights on a new record, previously hitting its all-time high of $0.00001718 five months ago, which is still nearly 47% above today’s value.
Will PEPE Price Hit $0.000015 Soon?
The PEPE meme coin is currently challenging a crucial resistance mark at $0.0000098, suggesting a possible price increase soon. If this optimistic trend holds, the coin’s value might hit $0.00001 and perhaps extend to $0.000015, mirroring prior peaks. A surge in buyer activity could propel PEPE to these levels shortly.
Conversely, shifting to bearish views could lead PEPE to retreat to its $0.0000095 support. Additional losses might bring it down to $0.000009, and persistent seller momentum might push the price further down to $0.000008.
The Moving Average Convergence Divergence (MACD) indicators suggest a shift towards positive momentum. The MACD line hovers above the signal line, indicating a bullish trend. The Relative Strength Index (RSI) remains at 65, indicating that PEPE is nearing the overbought region.
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