Crypto
Pepe Sprints Past August Highs Amid 32% Surge
PEPE, a meme-token, has broken above its August highs after a 32% surge in 24 hours. The token rose to $0.00000536, clearing its August high of $0.0000046 and creating a new higher high. This breakout strengthens PEPE's broader bullish structure.
However, the rally has faced an immediate test from overbought conditions, with the Relative Strength Index (RSI) reaching 78.09. This raises the risk of profit-taking if buying pressure weakens.
A successful retest of the breakout area could strengthen the move above resistance, while a drop below $0.0000047 could send PEPE toward $0.0000044 and weaken the current bullish structure.