Key Highlights
- •PEPE was trading above the support of $0.056551 and above the resistance of $0.055879, with price movement remaining within a tight 24-hour range.
- •The trading volume increased by 149.65%, reaching $1.14 billion, indicating a high level of market participation in the price growth.
- •Market capitalization rose to $2.75 billion, matching the 10.6% price gain and reflecting broad-based activity.
Price Movement and Technical Levels
PEPE registered a steep upward shift in the last 24 hours, and the token is again in the spotlight, experiencing a trading frenzy. PEPE was reported to be trading at $0.056551, marking a 10.6% increase over the day. This advance occurred alongside notable changes in volume, market capitalization, and range behavior. As prices pushed higher, traders monitored how activity developed around clearly defined technical levels. The session unfolded within a narrow structure, yet participation expanded across multiple metrics, shaping the day’s price behavior and setting the stage for the next phase of movement.
Notably, PEPE maintained support at $0.055879 throughout the session. Price moved toward this level earlier but remained above it. However, upside movement approached resistance at $0.056851, which capped further gains. As a result, PEPE traded within a controlled 24-hour range.
The price increase unfolded while respecting these boundaries. Further, the token value rose by 7.4 percent to 0.0106903 BTC. Similarly, the ETH pair rose to 0.081984 ETH, signifying a 5.0 percent growth. Such congruent moves enhanced the uniformity of price movement in markets.
Market Capitalization and Volume Dynamics
As price advanced, PEPE’s market capitalization rose to $2.75 billion, showing a 10.52% increase. This shift aligned closely with the price change, confirming the move’s breadth. In the meantime, the trading activity increased significantly. There was a reported 24-hour volume of traffic amounting to 1.14 billion, which represented an increase of 149.65%.
It is important to note that there was increased volume that came together with the price increase, without any divergence. This relationship highlighted strong transaction flow during the session. As volume grew, liquidity across the trading range improved, allowing price to rotate efficiently between support and resistance.
Market Behavior and Momentum
As trading progressed, PEPE held above support while repeatedly testing higher levels. However, resistance continued to define the upper boundary. This behavior kept price action contained despite rising volume. Moreover, the narrow range suggested active positioning rather than directional resolution. Each rotation within the range reinforced the importance of the defined levels. As a result, market participants focused on how price interacted with these boundaries. The session closed with PEPE still trading inside the established range, supported by elevated volume and an expanded market capitalization.