During Friday’s US market session, the crypto market saw an increase in buying pressure following Bitcoin’s 3% rise to $98,616. As the BTC price is poised to surpass the $100,000 mark, the recovery momentum in the altcoin market is gathering pace. Thus, the price of Pepe coin recorded a bullish breakout after a two-week correction in the middle of its listing on the Bitstamp exchange.
Currently, PEPE price is trading at $0.00002 with an intraday gain of 9%. According to Coingeckothe asset’s market capitalization stands at $8.1 billion, while the 24-hour trading volume is $3.2 billion.
- PEPE coin and Solana (SOL) are now officially listed on Bitstamp for trading in the United States.
- The breakout of Pepe coin price from the flag pattern signals the continuation of the current uptrend.
- In the event of an occasional pullback, the 100-day exponential moving average could provide sufficient support.
PEPE Coin Gains Ground as Bitstamp Opens Trading Access in the US
Bitstamp, a leading cryptocurrency exchange, has officially listed PEPE and Solana (SOL) for trade in the United States. The move marks an important step in expanding the accessibility of these assets to U.S. investors, potentially leading to an increase in trading activity and market adoption for both cryptocurrencies.
The Bitstamp listing will add new trading pairs PEPE/USD, PEPE/EUR, SOL/USD and SOL/EUR.
With a potential new influx, the Pepe coin the price could gain momentum and lead a sustained rally in December.
PEPE coin price gains momentum with EMA crossover and breakout signal
Over the past three days, the cryptocurrency market has seen a new recovery trend as Bitcoin rebounded from the $90,000 level. Meme cryptocurrencies were quick to follow this rally due to their volatile nature and susceptibility to speculative trading.
Pepe coin price rose from $0.000016 to $0.000020, registering a 19.5% jump. This recovery, recently accelerated by the listing of PEPE by Bitstamp, has enabled a decisive break from the flag model.
A bullish crossover between the 20 and 50 day EMA supports the breakout and potential rally thesis.
This chart pattern resulted in a two-week correction within two converging trendlines, allowing buyers to regain exhausted bullish momentum. If the model is true, the PEPE Price expected to generate a 70% rally to target the $0.00035 level.