PEPE Coin Price Surges Amid Market Rally and Arthur Hayes’ Withdrawal

PEPE Coin Price Surges Amid Market Rally and Arthur Hayes’ Withdrawal

The price of Pepe Coin (PEPE) has surged significantly, reflecting a broader positive trend across the cryptocurrency market. This recent price increase highlights growing investor confidence in the asset, signaling an optimistic outlook for its future performance.

PEPE Coin Climbs 26% Following Arthur Hayes’ Involvement

Over the past week, PEPE has seen a 26% rise in value, driven by heightened market activity and increased attention, particularly following an endorsement from prominent crypto investor Arthur Hayes. According to a report by Lookonchain, Hayes has shown support for several meme coins, specifically mentioning $MOTHER, $MOG, and $PEPE in a recent tweet.

Further boosting investor sentiment, Hayes recently withdrew 24.39 billion $PEPE from Binance, valued at approximately $252,680. This move has sparked greater interest in the meme coin, further fueling its upward momentum.

Crypto Market Bullish, Bitcoin Breaks $65,000

The overall crypto market is experiencing a strong bullish trend, with Bitcoin surpassing the $65,000 mark. This rally has had a ripple effect on several top-performing meme coins. Dogecoin has gained 9%, while Shiba Inu (SHIB) has soared 16%. Similarly, WIF is up by 7%, further enhancing the prospects for PEPE, which is well-positioned for potential gains as the market heads into October.

PEPE Coin Eyes 90% Gain: Will It Break Critical Resistance?

Currently, PEPE Coin is trading at $0.00001068, marking a 17% surge and recovering from its previous lower value of $0.00008886. The price is now approaching a critical resistance level at $0.000011. If this barrier is breached, PEPE could climb to $0.000012, and in the wake of continued market momentum, may even reach $0.000015. Should the bullish trend persist, the coin could potentially hit $0.00002, representing a 91% gain in the coming weeks.

Technical indicators also point to a strong upward trajectory, with the Relative Strength Index (RSI) sitting at 73.82, suggesting that PEPE is in overbought territory and poised for further gains.

With 93.62% of PEPE holders currently “in the money,” market sentiment remains highly positive. The token’s profitability, coupled with increasing transaction volume, could attract even more investors. Given the active involvement of whales like Arthur Hayes and the broader rally in Bitcoin and meme coins, the bullish sentiment surrounding PEPE is likely to intensify. Breaking through key resistance levels could open the door to substantial price increases.