The daily chart shows that the price of PEPE coin reached a peak of $0.00002833 earlier this month, and then fell back. It bottomed out at $0.0000145, coinciding with the 50% Fibonacci retracement level, and formed a hammer shape. The characteristic of this shape is a relatively small body and a relatively long lower shadow, which is usually a bullish signal.

Pepe has now risen above the key resistance level of $0.00001950, which was the highest volatility on December 24th. It is also trading above the 200-day and 100-day moving averages.

Given these bullish indicators, Pepe may continue to rise, with bulls targeting the year-to-date high of $0.00002833, which is about 33% higher than current levels. Potential catalysts for further upward movement include Donald Trump's upcoming inauguration and the expected FTX distribution. Some of the $16 billion in funds may be reinvested in cryptocurrencies, which could drive Pepe's development.

Since its establishment in 2023, PEPE has experienced significant growth, with its market value surging from nearly zero to a peak of over 10 billion US dollars earlier this month. The token has risen nearly 1,500% in the past year, making it one of the best performing meme coins.

Pepe has created huge wealth for many investors. According to IntoTheBlock, all Pepe Coin holders price analysis...