The popular meme cryptocurrency PEPE has shown impressive growth, rising over 4% in just 24 hours and nearly 10% over the past week. This surge is attributed to increased buying activity and higher trading volumes, indicating renewed interest in meme tokens. The CoinDesk Memecoin Index (CDMEME) rose more than 11%, significantly outpacing Bitcoin's 1.4% increase in the same timeframe. Support for PEPE has been established around $0.00001017, with resistance identified near $0.00001082. During a peak rally phase, trading volume soared as over 5.89 trillion PEPE tokens changed hands. A consistent pattern of higher lows suggests that buyers are stepping in at escalating prices, signaling a possible accumulation by engaged investors. The recent price actions have solidified expectations among traders regarding future movements of the token. This rally reflects strong liquidity and demand, evident from the repeated tests of the $0.00001069 support level.

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