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PEPE is approaching its highest trading level of 2024.

With the price of Bitcoin stabilizing above the $63K level, the crypto market has regained momentum. Furthermore, meme coins have recorded the highest gains, with some tokens recording a three-digit gain in their respective portfolios.

Pseudonymous crypto trader Dentoshi thinks the performance of meme coins Dogwifhat (CRYPTO: WIF) and Pepe (CRYPTO: PEPE) could signal the continuation or end of the current “memecoin supercycle.” What Happened: Dentoshi, known for his technical analysis, took to his social media account to analyze the situation of the two popular meme coins.

The Pepe price has risen by 2% in the past hour, reaching $0.000008195 as the cryptocurrency market actually falls by 4% in the past day.

Pepe Coin price is trending upwards and shows the promise of a bullish breakout. Ethereum, to which the meme coin is closely correlated, has also been surging following the overall crypto recovery led by Bitcoin.

While Pepe's (PEPE) price has increased by 10.87% in the past seven days, something else has happened that is likely to derail the meme coin's bullish potential. This notable signal raises concerns about a sudden sell-off or profit-taking.

Meme coin watchers are wondering if Pepe ($PEPE) is on the verge of a major breakout. Sitting comfortably as the third largest meme coin with a market cap of over $3.4 billion, Pepe's gains overnight and over the week have made it a better performing asset than the two leading meme coins.

The crypto market is back in bullish fever, and Pepe is leading the way among the ‘big three' meme coins. Can its momentum continue and potentially catch Shiba Inu?

Until strong conviction seizes the market, Pepe traders can continue to anticipate a range-like price action.

The broader crypto market is undergoing intense consolidation, with the heat blowing to high-performant meme coins like dogwifhat (WIF), PEPE and Telegram game Catizen (CATI). Per CoinGlass data, the industry has recorded a total liquidation of $98 million.

The cryptocurrency market continued its recovery trend in the second half of September, driven by speculation surrounding the Fed rate cut, which has now dropped to 475-500 basis points (BPS). Amid these dynamic market shifts, the meme cryptocurrency sector presents an attractive opportunity for speculative traders.

PEPE outclasses DOGE and SHIB in terms of gains, aided by robust demand from whales.

Pepe's (CRYPTO: PEPE) has been outperforming its dog-themed meme coin rivals, prompting calls for a surge to $10 billion and beyond. What Happened: Pseudonymous crypto trader SomSpencer declared the arrival of the "meme season" in the crypto market, emphasizing the importance of PEPE as a key indicator.

Excitement is brewing in the crypto world! With recent events like Donald Trump's crypto purchase and the Fed's rate hike plans, relief is washing over assets that faced a major downturn.

The Fed rate cuts of 50 bps came as a huge surprise for the markets, as Bitcoin and other major cryptos witnessed a steep rise beyond their respective resistances. Besides, the memecoins have jumped into action, with POPCAT leading the rally. However, 2 popular memecoins recorded massive volumes of nearly $500 million each.

A cryptocurrency whale cashed out $3.2 million in PEPE, FLOKI, and WLD holdings, securing a $200,000 profit. The sell-off came after the Federal Reserves rate cut, with traders reacting to increased market volatility.

A crypto whale has sold his entire Pepe coin, FLOKI, and Worldcoin holdings amid the recent price surge in the market. The digital asset market notched increased sentiments following interest rate cuts by the Federal Reserve.

PEPE nears breakout with stable adoption and rising whale activity—Is the meme coin rally back?

After surpassing $12.6 million in presale funding on Wednesday, Pepe Unchained ($PEPU) made another splash with a developer grant announcement on X (formerly Twitter) to start building its ecosystem.

According to CoinMarketCap data, PEPE is notably carving out its own growth path after soaring as high as 10% in 24 hours. While many analysts are focused on this price growth, other important metrics, like trading volume, have incited a new shift for the token.

Pepe (PEPE) price, a popular meme coin, has recently experienced a significant rise in its market value. Currently, the price of Pepe remains steady above the critical support level.

Check out which meme coins witnessed a double-digit price rally in the last 24 hours.

The NEIRO coin has become a very demanding token of the market as it has not stopped making profits for its holders. Since its introduction at the beginning of August, the market has not been the most favorable, pushing every single crypto down.

As anticipation builds for a better October, frog-themed meme coin Pepe (PEPE) could be one of the first cryptos to gain. Nicknamed “Uptober,” the historically bullish month appears to be coming at the right time for PEPE's price.