In October 2024, PEPE token experienced significant market activity, characterized by strong bullish sentiment within the broader cryptocurrency landscape. Following its peak at an all-time high of $0.000017 in May, PEPE saw substantial price fluctuations, yet displayed a positive trend throughout early October—a period often referred to as "Uptober" in the crypto community. Analysts noted increased buying momentum, as technical indicators pointed to sustained strength, with PEPE nearing critical resistance levels around $0.000011 and indicating potential gains of up to 50%.

October saw consistent upward movement, highlighted by a 30-day streak in positive territory and positioning above shorter-term moving averages. Despite this progress, PEPE remained highly volatile, recording a 1-month volatility rate of approximately 12%, with occasional retracements of up to 23% below key targets. As the month concluded, analysts emphasized the importance of closely monitoring PEPE’s support levels, particularly as market sentiment remained in the "greed" range. A shift in this sentiment could signal potential corrections if broader crypto market dynamics take a downturn.

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