- PEPE perpetual futures will soon be supported by Coinbase International Exchange.
- PEPE price shows a strong comeback, indicating bullish momentum with a 14.42% rise.
Strong purchasing pressure is indicated by technical analysis, since the RSI is rising and the MACD shows a positive crossover.
Coinbase International Exchange plans to add support for PEPE perpetual futures, expanding the range of trading options it offers.
The exchange verified that the April 23, 2024, opening date is set for the 1000PEPE-PERP market.
Coinbase Adds PEPE Perpetual Futures to Expand Market Variety
Coinbase Advanced is set to follow suit, providing experienced traders with better financial tools in the ever-evolving bitcoin space.
With the addition of PEPE perpetual futures to its portfolio, Coinbase has significantly expanded its derivatives market, giving traders additional options for hedging and leverage in a highly liquid setting. This update confirms Coinbase’s dedication to broadening the range of financial products it offers and meeting the sophisticated needs of its user base, which is located all over the world.
PEPE Price Analysis: Notable Comeback Indicates Positive Trend
With a price increase of 14.42% to $0.000007 in recent trade, the PEPE price has demonstrated a strong comeback. Most remarkably, PEPE is still the only meme coin in the top 10 that has increased in value in the last day.
With an astounding 33.8% price increase in the past week, PEPE has overtaken Dogwifhat (WIF) to take third place.
Important resistance levels were overcome by the price increase, indicating bullish momentum in the asset’s trading pattern. Strong buying pressure is shown in the technical analysis, which is represented by the candlestick chart. On the daily chart, this is demonstrated in contrast by the series of green candlesticks.
The Relative Strength Index (RSI) continues to rise, gaining momentum and approaching the 50-point mark. It is still below the overbought line, though, suggesting that there might be more space for expansion before the market gets oversupplied.
A growing upward trend is suggested by the Moving Average Convergence Divergence (MACD), which shows a positive crossover and rising histogram bars. PEPE also plans to recover $0.00000740, the point where the 0.5 Fibonacci level is intersected. The price may then try to push towards $0.000008 as support if it can regain this level, and it might even try to push for a new monthly high.
As a result, investors are keeping a close eye on PEPE because of its market performance, which defies current consolidation patterns.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
