Subscribe to Bankless or sign in
Memes strike back. Memecoins have hit the gas again with BONK up ~60%, PEPE up ~50%, and POPCAT (the tokenized version of the OG internet meme) up ~300% over the past seven days. Is this the first big push in the next major rally for the sector?
Whatever happens next, Bitcoin’s rebound has certainly played a part in this return, as have CEX listings, whether in the form of perps or spot:
Focusing in on PEPE, its technicals indicate positive momentum, with its EMA10 (the average price of the last 10 days) on target to pass its EMA55 mark, an indication of a bullish phase.
Additionally, with the Relative Strength Index at a neutral 51 (meaning a balanced amount of bullish and bearish holders) and a weakening Average Directional Index at 20, PEPE's data suggests dwindling bearish power, positioning the frog for greener pastures.
Abonnez-vous gratuitement pour continuer à lire
- Soutenez le mouvement Bankless
- Accès à des milliers d’articles
- Archive complète des épisodes Bankless
- Lancez-vous dans des quêtes gratuites sur Airdrop Hunter
- De l’alpha quotidien dans votre boîte mail
Déjà abonné ? Se connecter
