Coinbase International Exchange will expand its trading portfolio by introducing support for PEPE perpetual futures.
The exchange announced that the 1000PEPE-PERP market is scheduled to open on April 23, 2024.
Coinbase Adds PEPE Perpetual Futures to Enhance Market Diversity
Coinbase Advanced will also reflect this movement, providing seasoned traders with enhanced financial products within the dynamic cryptocurrency markets.
The addition of PEPE perpetual futures to Coinbase's offerings significantly expands the derivatives market, giving traders more strategies to hedge and leverage in a highly liquid environment. This development reaffirms Coinbase's efforts to diversify its financial products and meet the sophisticated needs of its global user base.
PEPE Price Analysis: Notable Recovery Signals Indicate Bullish Momentum.
PEPE price has shown a brisk recovery, reaching $0.000007 in recent trading, up 14.42%. Notably, PEPE is the only memecoin among the top 10 memecoins that has shown an upward trend over the past 24 hours.
PEPE reclaimed third place from DogWeHat (WIF) with an impressive price increase of 33.8% over the past week.
This price rise overcomes key resistance levels and indicates bullish momentum within the asset's trading pattern. Technical analysis, displayed as a candlestick chart, reflects strong buying pressure. Conversely, you can also see that green candlesticks appear continuously on the daily chart.
Read More: Pepe (PEPE) Price Forecast 2024/2025/2030
Further reinforcing the bullish trend, the Relative Strength Index (RSI) is rising towards its midpoint of 50. However, it still remains below the overbought threshold, indicating there may be more room for growth before the market becomes saturated.
Meanwhile, moving average convergence divergence (MACD) shows a positive crossover and rising histogram bar, suggesting that the uptrend is strengthening. Additionally, PEPE will attempt to recover the $0.50 (00000740) intersection with the 0.5 Fibonacci level. If the price can regain this level as support, it has the potential to rise to $0.000008 next and set a new monthly high .
Therefore, investors are closely monitoring PEPE due to market performance going against the recent bottoming trend.
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