#PEPE Hits All-Time High After Famous Gamestop Trader ‘Roaring Kitty’ Returns
Meme coins are rallying, with PEPE leading the charge to a new all-time high of $0.00001096.
This rally follows GameStop stock trader Keith Gill, famously known as “Roaring Kitty,” returning to his social media platform, X, after a three-year hiatus.
PEPE Hits All-Time High
PEPE has skyrocketed, with its price surpassing the $0.000010 mark for the first time since March 15. At the time of reporting, PEPE is trading at $0.00001086, marking a 22% increase in the past 24 hours, according to data from CoinGecko.
The coin’s trading volume has also surged by 290.5% to $2.14 billion, with its market capitalization rising to $4.35 billion, making it the 28th largest cryptocurrency by market value.
According to data from TradingView, PEPE’s recent rally was supported by a rebound off the ascending trendline, which has been in place since mid-April. The price surge has pushed PEPE above a critical resistance level, ranging from $0.00000875 to $0.000010.
The Relative Strength Index (RSI) shows an upward trajectory alongside the price while the RSI is at 70, indicating significant buyer dominance.
However, a dip below the ascending trendline at $0.00000875 could lead to a retracement towards the demand zone around $0.0000070 and $0.000080, supported by the 20-day and 50-day exponential moving averages.
