Meme-inspired cryptocurrency PEPE has seen its price jump more than 6% in less than 24 hours as traders piled in during a breakout rally that saw trading volumes nearly triple, according to CoinDesk Research’s technical analysis data model.

The token rose from $0.000009138 to $0.000009627 during the session, with volatility expanding over 7%. Volume surged to 5.61 trillion tokens, far above the 1.89 trillion daily average, pushing the price through established resistance and holding above $0.000009600 by the close of the move.

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