Key Insights:
- Despite the rally, PEPE’s 24-hour trading volume dropped by 43%, suggesting weak momentum behind the move.
- If PEPE closes a daily candle above $0.000010, a rally of up to 60% is possible based on historical trends.
As the overall market shows signs of recovery, the Pepe coin price prediction has become a key topic in determining the next move for meme coins. Given the current market sentiment, investors and experts appear optimistic and have shown strong interest and confidence in the token, suggesting a potential upside move in the coming days.
Current Price Momentum
At press time, the PEPE meme coin was trading near $0.000009506 and had recorded an impressive price surge of over 6.12% in the past 24 hours. Despite the rally, investor and trader activity dropped significantly during the same period. Data from CoinMarketCap reveals that PEPE’s trading volume in the past 24 hours has decreased by 43% compared to the previous day.
This drop in trading volume during an impressive rally suggests weak downside momentum in the asset. Additionally, such a rally could be sustained for a longer period, although a small sell-off could trigger a significant crash.
PEPE Price Action and Key Technical Analysis
According to expert technical analysis, the PEPE coin price prediction suggests that the meme coin is bullish, but with certain conditions. The daily chart reveals that the meme coin has formed a bullish Morning Star candlestick pattern at a key support level of $0.0000088.
This level has a strong history of price reversals. Data shows that whenever the PEPE price reaches this level, it typically registers an impressive upside momentum.
But this time, the sentiment is different, and the meme coin appears to be facing strong resistance from a descending trendline.
PEPE Coin Price Prediction
Based on recent price action and historical patterns, if the ongoing rally continues and the meme coin breaks out of the trendline, the PEPE coin price prediction suggests a possible rally of up to 35%. Furthermore, if the sentiment remains unchanged, the prediction also points to a potential upside of up to 60%.
This upside momentum is only possible if the PEPE coin price closes a daily candle above the $0.000010 level; otherwise, it will likely continue to move sideways.
On the other hand, the PEPE coin price prediction suggests that the meme coin could crash by 32% if the price falls and closes a daily candle below the $0.00000835 level.
At press time, PEPE’s price is trading below the 50-day Exponential Moving Average (EMA) on the daily time frame, indicating a bearish trend and suggesting that the asset may face continued selling pressure unless it breaks above this key resistance level.
Technical Indicators: EMA and RSI
Meanwhile, the meme coin’s Relative Strength Index (RSI) stands at 41, indicating the asset is approaching oversold territory and may be due for a potential rebound if buying pressure increases.
Besides price action and technical analysis, experts and analysts have also made bold predictions. In the past 24 hours, several striking PEPE coin price predictions have surfaced, now garnering significant attention from crypto enthusiasts.
Expert’s Bullish View for PEPE Meme Coin
In a post on X, a crypto expert made a bold prediction that the PEPE price could see a 40x rally in the coming days.
Meanwhile, another well-followed crypto expert made a post on X, noting,
“PEPE has been in a clear downtrend, consistently making lower highs and lower lows. The current price action shows it hovering just below a key resistance line, hinting at possible consolidation or a breakout attempt. While short-term momentum looks slightly bullish, the overall trend remains bearish unless it can break and hold above the descending trendline.”
When combining this technical analysis with expert predictions, it appears that PEPE could only soar if it breaks out of the descending trendline with strong volume and successfully closes a daily candle above it.
