The meme coin market is heating up again, with several tokens posting solid gains.
Pepe ($PEPE) has rebounded over 17% in the past day, breaking its recent downtrend.
Other meme coins like Cowabunga Coin ($COWABUNGA) and Shibie Coin ($SHIBIE) have also pumped.
$PEPE Breaks Downtrend as Bulls Regain Control
$PEPE has seen a breath of fresh air over the past 24 hours, with the token now trading around the $0.00000124 level.
This surge resulted in a break above the 20-day and 50-day Exponential Moving Averages (EMAs) on the 4-hour chart, indicating a potential trend reversal for $PEPE.
The token had been stuck in a consistent downtrend since topping out at $0.00000188 on July 14, but the positive momentum has returned.
Trading volume and social media chatter related to $PEPE has also increased in the last day.
According to data from CoinMarketCap, $184 million worth of $PEPE has changed hands in the past 24 hours – representing a…
