PEPE On Radar After Musk’s Shocking Move: Bulls Move From Dogecoin To A $0.14 Altcoin
The post PEPE On Radar After Musk’s Shocking Move: Bulls Move From Dogecoin To A $0.14 Altcoin appeared on BitcoinEthereumNews.com.
The crypto market is buzzing with excitement as Elon Musk’s latest move pushes Pepecoin (PEPE) into the limelight. It sparked a surge in the PEPE price and trading volume. Meanwhile, Dogecoin (DOGE) maintains its upward trajectory despite bulls seemingly shifting focus toward the promising DTX Exchange (DTX). Let’s take a closer look into these developing trends and what they mean for traders and investors. Elon Musk Strikes Again: How Kekius Maximus Boosted PEPE Elon Musk, the CEO of SpaceX and Tesla, sparked controversy by changing his X profile. The technology entrepreneur renamed himself Kekius Maximus. Additionally, the well-known Pepe the Frog meme, which served as the catalyst for the PEPE launch in April 2023, is in his new display shot. In his X post, Musk referred to the online game Path of Exile, where reaching level 80 is a significant accomplishment. The cryptocurrency community responded swiftly to Musk’s input, expressing hope for Pepe the Frog and the meme coin PEPE. Many people mentioned the alt’s ticker, PEPE, in the reply section. In addition, some individuals introduced a new meme token called KEKIUS. After Elon Musk’s action, the coin with a frog motif, PEPE skyrocketed. On the weekly chart, PEPE surged over 14% from the daily low of $0.00001779 to $0.00002062. Pepe is currently selling at $0.00002062, with an uptick in its trading volume suggesting strong trader interest. Technical indicators support PEPE’s upward trajectory. The 4H Moving Average Convergence Divergence has approached a bullish crossover with the signal line. That suggests a potential buyer revival. – Advertisement – Additionally, the Relative Strength Index (RSI) of 62 indicates that PEPE gains have additional capacity before reaching overbought conditions. Dogecoin’s Battle: Bulls vs. Bears in the Quest for $1 After a remarkable 250% increase in 2024, the price of Dogecoin (DOGE) increased by…
Filed under: News - @ January 5, 2025 3:10 pm