Markets
What ho, old sport:
- PEPE, that preposterous frog, has leapt a staggering 4% in a day and nearly 10% in a week, no doubt fueled by the sort of buying frenzy one expects from chaps who’ve had one too many at the club. 🍸
- The CoinDesk Memecoin Index (CDMEME), a barometer of sheer lunacy, soared over 11% in the week, leaving Bitcoin’s paltry 1.4% gain looking rather like a damp squib. Meanwhile, the broader memecoin sector climbed 2.5% in 24 hours, compared to BTC’s 0.2%-hardly worth mentioning, really. 😴
- PEPE has established itself between $0.00001017 and $0.00001082, with liquidity and demand as robust as a brigadier’s mustache, thanks to repeated retests of $0.00001069. Quite the spectacle, if one must say so. 🎢
The absurdly popular meme-inspired cryptocurrency PEPE has bounded ahead by over 4% in the last 24 hours, trading up nearly 10% in the past week. One can only imagine the sort of chap who finds this amusing. 🤡
This surge, if one can call it that, comes amid a renewed interest in meme tokens, with the CoinDesk Memecoin Index (CDMEME) rising more than 11% over the past week, outpacing Bitcoin’s 1.4% move. In 24 hours, the memecoin sector is up 2.5%, compared with BTC’s 0.2%. Hardly a contest, what? 🏆
PEPE rallied from $0.00001013 to $0.00001074, setting a new short-term resistance near $0.00001082, according to CoinDesk Research’s technical analysis data model. Trading activity spiked significantly, with over 5.89 trillion PEPE tokens changing hands during the peak of the rally-more than double the 24-hour average. Quite the frenzy, one must admit. 🌪️
The price action reveals a steady pattern of higher lows, a signal that buyers are stepping in consistently at increasingly elevated levels. This sort of structure is often interpreted as a sign of accumulation by more engaged investors-or perhaps simply by chaps who’ve lost their heads. 🤯
During the most active phase of the move, the token also touched $0.00001081 before settling slightly lower. That quick spike drew a new resistance line, while a firm support level emerged around $0.00001017. These price boundaries, tested multiple times, help shape traders’ expectations about where the coin might go next-though one suspects it’s all rather arbitrary. 🎭
The rally was marked by strong liquidity and sustained demand. Activity surged around several retests of the $0.00001069 mark, a level that held each time, reinforcing its strength. Quite the performance, though one wonders how long it can last. ⏳
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2025-09-09 18:24