Meme coins are experiencing a bullish resurgence.
Tokens like Pepe (PEPE), dogwifhat (WIF), and Dogeverse (DOGEVERSE) are pumping hard, showing that the demand in this quirky corner of crypto remains very much alive.
PEPE Pumps 11% as Meme Coin Mania Returns
PEPE is leading today’s meme coin charge, with the token’s price surging 11% in the past 24 hours.
The token is now trading around $0.00000515 after buyers rejected the $0.00000480 support zone, which had been tested multiple times in the past week.
PEPE’s ability to hold that key level appears to have reinvigorated buyers.
The token is attempting to break through the 20-day exponential moving average (EMA) on the 4-hour chart, currently acting as a dynamic resistance level.
A clean break above this EMA could open up more upside soon.
That said, PEPE is very much still trapped in a descending wedge pattern that has capped its rallies over the past six days.
This bearish technical formation suggests that sellers may simply v
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