Usman Salis
PEPE is showing signs of life after weeks of consolidation, with key support levels holding firm and on-chain metrics painting an increasingly bullish picture. The meme coin's ability to maintain crucial price floors while activity surges suggests traders are positioning for the next major move.
PEPE Price Gains Momentum With On-Chain Surge
Famous trader recently highlighted PEPE's bullish signals after the token successfully defended its $0.000001000 support level. What's catching attention is the massive spike in on-chain activity - volumes have rocketed from just 1.18B in early cycles to an impressive 105.12B, showing serious market participation.
This isn't just another consolidation period anymore. PEPE appears to be gearing up for its next volatile phase, with traders already eyeing resistance levels as potential breakout zones.
PEPE Price Supported at $0.000001000
The $0.000001000 level continues to act as PEPE's safety net, and it's proving its worth once again. This support zone has historically been a launching pad for bullish runs, and current price action suggests we might be seeing the early stages of another recovery.
Trading volumes tell the story - we've seen jumps from 6.71B to 11.07B, and recently hitting 63.47B. This steady climb in activity shows growing confidence among investors that PEPE might be ready to extend its rally.
Market Outlook: Will PEPE Extend Its Rally?
With momentum building and volumes pushing past 105.12B, many analysts believe PEPE is setting up for another significant move. The combination of strong support defense and surging activity creates an interesting setup for potential upside.
The key remains holding that $0.000001000 support. As long as bulls keep this level intact, PEPE could continue climbing higher, especially with the broader meme coin sector showing renewed optimism.
Usman Salis
