{"id":243207,"date":"2026-10-23T18:55:06","date_gmt":"2026-10-23T18:55:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=243207"},"modified":"2026-10-23T18:55:06","modified_gmt":"2026-10-23T18:55:06","slug":"pepe-pepe-rises-11-daily-further-pump-or-correction-on-the-way","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=243207","title":{"rendered":"Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?"},"content":{"rendered":"

The frog-themed meme coin has defied the latest market correction, pumping double digits today (October 23) and reaching a monthly high.<\/p>\n

Some analysts believe the price could rise further in the short term, but key factors suggest the move hasn\u2019t been healthy and might be followed by a pullback.<\/p>\n

The Bullish Perspective<\/h2>\n

PEPE is one of the top-performing cryptocurrencies today and currently trades near $0.000005076. Its market capitalization has surged past $2.13 billion, making it the 50th-largest cryptocurrency and, once again, the fourth-biggest meme coin. Recall that yesterday (October 22), MemeCore (M) briefly took that position after posting<\/a> a significant price increase.<\/p>\n

<\/a>PEPE Price, Source: CoinGecko<\/p>\n

According<\/a> to Token Talk, PEPE\u2019s bulls have \u201cone job right now\u201d: push the token\u2019s market cap above $2.21 billion. \u201cThe daily structure has improved massively from the summer lows, but resistance is resistance until proven otherwise,\u201d the analyst added.<\/p>\n

X user Sjuul | AltCryptoGems also issued<\/a> a bullish thesis, saying he still likes the PEPE chart, which is showing signs of \u201crelative strength.\u201d He believes buyers must now hold that flipped support\/resistance level to trigger an additional potential pump.<\/p>\n

For his part, Crypto With Gopal claimed<\/a> that PEPE has flashed an inverted head-and-shoulders reversal, with price pushing toward the $0.0000050-$0.0000053 neckline zone. He said a confirmed breakout could trigger a powerful recovery move and argued that bullish momentum has been building.<\/p>\n

Remain Cautious<\/h2>\n

Despite the impressive uptick, PEPE remains a meme coin, making it especially vulnerable to speculation and volatility, so a short-term correction wouldn\u2019t be a surprise.<\/p>\n

The token\u2019s Relative Strength Index (RSI) supports that scenario. The technical analysis tool runs from 0 to 100, where anything above 70 means that PEPE has entered overbought territory and could be headed for a pullback. Conversely, readings below 30 are typically seen as buying opportunities. Recently, the ratio exploded to 94.<\/p>\n

<\/a>PEPE RSI, Source: RSI Hunter<\/p>\n

PEPE\u2019s exchange netflow is also worth monitoring. Inflows have dominated outflows lately, suggesting investors have shifted from self-custody to centralized platforms, increasing immediate selling pressure.<\/p>\n

<\/a>PEPE Exchange Netflow, Source: CoinGlass<\/p>\n

\u00a0<\/p>\n

The post Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The frog-themed meme coin has defied the latest market correction, pumping double digits today (October 23) and reaching a monthly high. Some analysts believe the price could rise further in the short term, but key factors suggest the move hasn\u2019t been healthy and might be followed by a pullback. The Bullish Perspective PEPE is one […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-243207","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/243207"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=243207"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/243207\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=243207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=243207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=243207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}