The ever-changing world of cryptocurrency provides new opportunities for investors every day. This time, it's PeiPei Coin. Just as Pepe is a green frog, PeiPei is a red frog. It was launched on Uniswap in June, paired with wETH. Shortly after, PeiPei gained a foothold on major global exchanges such as Poloniex, LBank, and Gate.io.
The Rise of PeiPei PeiPei has become the token with the highest increase in the top 500 tokens. In the past 24 hours, the trading volume of this red frog meme token has increased by 51.70%.
Since its establishment in June, the price of PeiPei has risen by 28,938.53%, reaching a new all-time high (ATH) yesterday.
Strong Performance of PeiPei Currently, PeiPei is above its major moving average (MA) line. After dropping 19.58% from its all-time high, the current trading price of this meme token is $0.063129.
The Fibonacci tool shows the main resistance at $0.063848. The current price is in the support area, with the strongest daily support at $0.062502. If PeiPei falls from the current support level, according to the Fibonacci tool, the next support level will be around $0.062940.
Just one month after its launch, PeiPei has nearly 27,000 holders. At its peak, PeiPei's market value reached $163.17 million, and it is currently valued at $136.01 million.
MACD indicates a strong bullish sentiment, but RSI shows oversold conditions that need correction. If there is a decline, according to the Fibonacci tool, $0.062940 should serve as support.
PeiPei's official Twitter account quickly attracted a large number of fans, with the current number of followers reaching 157,000. The official account posted a screenshot showing an unknown whale purchasing tokens worth 68.60 ETH, which is a very positive signal. Dexscreener shows that the trading volume of this meme token is very high.
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