PEPE is riding the wave of the bullish market, with its token valued at $0.00001467 at the time of writing. This represents a surge of 6.45% in the past 24 hours, 38.61% over the previous 7 days, and an impressive 118.34% in the past 30 days. Clearly, PEPE is capitalizing on the opportunity to experience an upward trend in trading value.

Despite concerns surrounding its fluctuations and speculations of an imminent low, PEPE has gained momentum for an upward trajectory. Two primary reasons contribute to this surge: renewed interest among investors and an overall positive sentiment in the crypto space.

PEPE has sustained a positive rally over an extended period, maintaining a green trading status for 17 out of the past 30 days. With its Relative Strength Index (RSI) currently at 72.27, indicating overbought conditions, a pullback may be anticipated. However, it's likely to rebound for potentially higher value, as indicated by the PEPE coin price forecast. Additionally, the optimism in the crypto market is fueled by the increasing value of Bitcoin ($BTC) and expectations for the approval of the Spot Ether ETF by the end of the week.

The projected value for the next 5 days is $0.00001846, and for the next 30 days, it stands at $0.00004690, representing a remarkable growth of 232.03% in just one month. Despite a sense of overbought status signaled by the RSI, the long-term outlook is less likely to be affected by it.

While BTC and ETH are rallying at higher values, they have yet to achieve significant psychological milestones. Bitcoin hovers just below $70,000, aiming for a new all-time high (ATH) above $75,000 in the coming weeks, potentially surpassing the $100,000 benchmark. Analysts even predict a value as high as $150,000 by the end of the year 2024.

The overall outlook remains positive, with data indicating an increase in transactions exceeding $100k to a total of $93.77 billion in a single week. Investors are holding onto their assets, with a balance between inflow and outflow at approximately $9.7 billion.

ETH is currently listed at $3,810.93, up 1.69% in the past 24 hours. It is anticipated to accelerate its rise above $4,000 if the SEC approves two applications this week from VanEck and Ark. Solana ($SOL) aims to surpass $180 amid the prevailing optimism, currently listed at $177.40, down 1.48% in the past 24 hours but up 8.97% in the past 7 days.