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 118% increase from the previous day.
Moreover, CryptoRank has revealed that $PEPE is in the top 20 coin searches over the past day.
Which Other Meme Coins Are Gaining Traction?
Apart from Pepe coin’s resurgence, several other meme coins are gaining momentum.
Two of these meme coins are Cowabunga Coin ($COWABUNGA) and Shibie Coin ($SHIBIE), both of which are gaining significant traction in their respective presales.
Cowabunga Coin Rides Meme Coin Momentum in Presale Phase – the Next Pepe?
Cowabunga Coin ($COWABUNGA), a meme coin project inspired by the Teenage Mutant Ninja Turtles franchise, has made an impressive start to its life cycle.
$COWABUNGA’s presale has amassed $35,000 in early funding, with tokens available at a discounted price of $0.000357.
The token has benefited from the renewed
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Author: BeInCrypto Team
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