During Friday’s U.S. market session, the crypto market witnessed a surge in buying pressure following Bitcoin’s 3% surge to $98,616. As the BTC price is poised to surpass the $100k milestone, the recovery momentum in the altcoin market accelerates. Thus, the Pepe coin price recorded a bullish breakout from two weeks’ correction amid its listing on the Bitstamp exchange.
As of now, the PEPE price trades at $0.00002 with an intraday gain of 9%. According to Coingecko, the asset’s market cap stands at $8.1 Billion, while the 24-hour trading volume is at $3.2 Billion.
- PEPE coin and Solana (SOL) are now officially listed on Bitstamp for U.S. trading.
- The Pepe coin price breakout from the flag pattern signals the continuation of the prevailing uptrend.
- In case of occasion pullback, the 100-day Exponential moving average could provide sufficient support.
PEPE Coin Gains Ground as Bitstamp Opens U.S. Trading Access
Bitstamp, one of the leading cryptocurrency exchanges, has officially listed PEPE and Solana (SOL) for trading in the United States. This move marks a significant step in expanding the accessibility of these assets to U.S. investors, potentially driving increased trading activity and market adoption for both cryptocurrencies.
Bitstamp’s listing will add new trading pairs of PEPE/USD, PEPE/EUR, SOL/USD and SOL/EUR.
With the potential fresh inflow, the Pepe coin price could gain momentum and lead a sustained rally entering December.
PEPE Coin Price Gains Traction With EMA Crossover and Breakout Signal
In the last three days, the cryptocurrency market witnessed a renewed recovery trend as Bitcoin rebounded from the $90,000 level. The meme cryptocurrencies were quick to follow this rally due to their volatile nature and being susceptible to speculative trading.
The Pepe coin price jumped from $0.000016 to $0.000020, registering a 19.5% jump. This recovery, recently accelerated by Bitstamp’s listing of PEPE, gave a decisive breakout from the flag pattern.
A bullish crossover between the 20-and-50-day EMA supports the breakout thesis and potential rally.
This chart setup carried a two-weeks correction within two converging trendlines, allowing buyers to regain exhausted bullish momentum. If the pattern holds true, the PEPE price should drive a 70% rally to target the $0.00035 level.