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PEPE’s Market Cap Soars $600M as Crypto Whales Dive In – Can the Memecoin Rally Hold?

PEPE’s Market Cap Soars $600M as Crypto Whales Dive In – Can the Memecoin Rally Hold?

Author:
Cryptodnes
Published:
2025-05-08 16:42:05
8
1

Crypto’s favorite frog-themed memecoin just got a $600 million boost—courtesy of deep-pocketed whales betting big. Here’s where PEPE might hop next.

Chart Alert: PEPE breaks key resistance levels as trading volume spikes 200%. Technicals suggest a retest of all-time highs if momentum holds.

Reality Check: While the hype train chugs along, remember this is the same asset that once crashed 80% because Elon Musk tweeted a poop emoji. Buyer beware.

PEPE Breaks Above its 200-Day EMA – How High Can it Go?

Today’s strong uptick has pushed PEPE above its 200-day exponential moving average (EMA). This is a key indicator of an asset’s long-term trend. When the price is above this marker, it means that the market is on an uptrend.

Moreover, PEPE has broken through a long-dated resistance at $0.00000900.

pepe daily price chart

The next bullish signal to confirm the beginning of a bull market WOULD be a bullish ‘golden cross’ between the 21-day EMA and the 200-day EMA. The last time this happened, PEPE’s price more than doubled.

Momentum indicators have now stepped out of negative territory. The Relative Strength Index (RSI) has moved above the signal line while the MACD’s histogram posted its first positive reading in six days.

Moving forward, a cleaner breakout above the 200-day EMA would confirm a bullish outlook for this meme coin as the price action barely tagged this indicator today.

In the meantime, all PEPE-inspired crypto presales like MIND of Pepe (MIND) will benefit from the token’s sharp uptick and will attract further interest from investors.

MIND of Pepe (MIND) Combines the Power of AI with this Meme’s Virality

MIND of Pepe (MIND) kicked off its crypto presale in January and has already managed to raise $8.9 million to deploy a powerful AI agent.

The combination of advanced artificial intelligence and the Pepe the Frog meme is a recipe for success. Other AI agents like AIXBT and CGPT have managed to make progress in the AI field but none have Leveraged the power of memes like MIND of Pepe is.

The agent is designed to collect valuable insights from its interactions with users and high-profile accounts and pass them on to $MIND holders to help them take advantage of the most attractive opportunities in the marketplace.

To buy $MIND, simply head to the MIND of Pepe website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to make your investment.

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