PEPE Coin Price Forecast: Will PEPE's Recent Pump Lead to Further Gains? Expert Analysis

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In recent weeks, PEPE has seen a significant increase in value, leaving many investors wondering if this trend will continue or if it’s a temporary spike. We’ll dive into the current market conditions and examine the bullish and bearish scenarios for PEPE’s future price movements.

We will further analyze factors that could influence the coin’s price, including market trends, technical indicators, and news updates.

Will PEPE’s Recent Pump Lead to Further Gains?

Pepe Coin’s positive trajectory has continued, with its upward momentum growing stronger once again. This trend points to a surge in demand among investors and an overall positive sentiment towards the token. In the last 7 days, PEPE’s volume has increased by 66.3%, with its market cap reaching $646 million.

Moreover, Pepe’s total number of holders is steadily increasing, which could potentially contribute to further value appreciation. Notably, the Pepe team recently shared a tweet celebrating the milestone of 125k total on-chain PEPE holders, which is a promising sign for the coin’s future growth potential.

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today we celebrate breaching 125k on-chain $pepe holders 🐸💚

128.6k total, 121.9k on $ETH, 5.7k on $BNB, and 997 on $ARB pic.twitter.com/t2rUa6qver

— Pepe (@pepecoineth) June 22, 2023

Pepe Coin’s Parabolic Surge and All-Time High

Given Pepe’s parabolic nature, it would not be surprising if it surpassed the $0.000002100 resistance level in the upcoming days. Pepe has experienced a surge of 2,702% since its launch in April, with its market cap exceeding $1.8 billion.

Despite facing a significant downturn and plummeting to lows of $0.0000008545 after reaching an all-time high (ATH) of $0.000004354 in May, Pepe recovered in the past week, surpassing a bearish trend line, and is now on track to reach its ATH again.

At the time of writing, the value of Pepe stands at $0.00000153 per PEPE/USD, with a market capitalization of $649,482,974 and a 24-hour trading volume of $214,880,601.

While Pepe has witnessed a decline of 4.6% in the past 24 hours, it is crucial to acknowledge that the cryptocurrency market can exhibit high volatility and frequent price fluctuations.

PEPE/USD 4-Hour Chart Analysis – PEPE Bullish Trend

The PEPE/USD cryptocurrency pair has entered a bullish trend zone, reflecting positive market sentiment.

Buyers have successfully sustained the price above the 50 and 200 moving average lines, suggesting a potential shift from the previous downtrend.

If the current positive momentum continues, PEPE is likely to retest its previous high of $0.000004354. However, it’s worth noting that the present bullish trend may face resistance around the $0.000002000 mark, which the bulls have been unable to surpass since May 13.

On the downside, if the current high is rejected, PEPE may enter a range-bound zone where the price fluctuates between $0.00001725 and $0.000001345.

At press time, the Relative Strength Index (RSI) level for PEPE is 53, indicating the potential for further growth. Notably, PEPE has shown a progressive price rise since June 20, gradually approaching its previous ATH of $0.000004354.

Based on the analysis above, we forecast the PEPE price to reach $0.000002000. On the downside, we predict a price move to $0.000001354 if the critical resistance prevails at $0.00001725.

Alternative Meme Coins to Pepe

Wall Street Memes (WSM) tokens are also experiencing a rise in value parallel to the increase in the value of the cryptocurrency asset – Bitcoin.

The project’s remarkable success can be attributed to its robust community base. Well-known individuals like Elon Musk have actively engaged with Wall Street Memes’ tweets, contributing to the platform’s attraction to a large and active user base. This engagement from Musk has the potential to positively impact WSM, as it has previously caused significant price jumps for meme coins like Dogecoin.

Wall Street Memes Riding NFT Trend

The team behind the successful Wall Street Bulls NFT collection, which sold out in just 32 minutes on Ethereum, has expanded their expertise in cryptocurrency trends, creating the highly recognized Bitcoin Ordinals NFTs and the upcoming Wall Street Memes (WSM) memecoin.

Where that money come from tho pic.twitter.com/MlFPJJ8hGJ

— Wall Street Memes (@wallstmemes) June 24, 2023

This aligns with the ongoing trend of meme currencies in the market. The Wall Street Memes whitepaper outlines the token’s objective to disrupt the current financial system by combining memes and blockchain technology and harnessing the collective power of its users.

Wall Street Memes ($WSM) Raises $10 Million in Presale

Wall Street Memes ($WSM) has achieved a significant milestone by surpassing $10 million in presale investments. Currently, the $WSM is in the 18th stage of its ongoing presale, with a price of $0.0301.

The project demonstrates its commitment to its user base through the free flow of WSM tokens. The token distribution includes 50% of the total supply of 2 billion allocated for the presale, 30% for community awards, and 20% for exchange liquidity.

Notably, the project has not issued any tokens to the team, showcasing their dedication to eliminating the possibility of a ‘rug pull’ scenario.

The Wall Street Memes team is rewarding presale investors with a substantial airdrop, offering five winners 50,000 WSM tokens each. To become eligible, investors must participate in the project’s social media channels and complete basic tasks.

The current presale stage of the project will conclude in 2 hours. So investors should jump in now as the price will increase to $0.0304. You can buy the presale by visiting the $WSM presale website to buy $WSM. Additionally, you can buy $WSM tokens using ETH, USDT, or a card.