PEPE Price Analysis Today, Will Memes Rebound?

Pepecoin (PEPE), a memecoin that has lost over half its value in four days, is the latest victim of cryptocurrency volatility.

PEPE, which had a stratospheric surge in price following its initial public offering, has now dropped to a market worth of just over $800 million, down from a high of $1.8 billion.

PEPE Price Rebounds From Support

Popular cryptocurrency expert Michael van de Poppe projected that the PEPE price would fall to support levels of $0.00000168 and $0.00000148 before beginning to rise again. In fact, the price has recovered from the same level of support and is again going higher.

According to fresh research, he anticipates a rejection between $0.00000220 and $0.00000240. Before beginning a big relief rally, the PEPE price is anticipated to fall back below $0.0000014.

Pepe Token (PEPE) was rejected well below the $0.00000290 price barrier, and the price has been declining since then. On the 30-minute chart, however, PEPE has gained pace, and the overall trend has shifted marginally bullish.

According to the most recent data, Pepe’s current price is $0.00000184, and it is presently ranked #61 in the entire crypto ecosystem. Pepe has a market cap of $719,443,782 and a circulation supply of 391,790,000,000,000.

In the last 24 hours, the cryptocurrency’s current value has dropped by -10.6%. When we compare the present market cap of the PEPE to the previous day’s market cap, we can observe that the market cap is likewise down.

PEPE’s immediate support level is around $0.00000212, where buyers kept the asset price from falling any further. The 200-day moving average is the first level of resistance on the upswing. The RSI chart shows rising buying pressure, with the RSI in an uptrend and breaking above the 14-day moving average.

The Fear and Greed indicator indicates that market sentiment is improving, with Fear and Greed bars increasing in the Greed zone. The momentum oscillator is still within the bearish axis, but it is on the rise and will most likely break above zero and enter the bullish axis.

The MACD line is retesting the signal line from below on the MACD chart, and with more purchasing pressure, it may break above the signal line.

The present price of PEPE is bearish, but the positive signs from the 50-day MA, as well as the building purchasing pressure from the RSI chart and Fear and Greed indicator, suggest a possible trend reversal.

Are the good days coming to an end?

The rising pace of PEPE has slowed in recent days. In the previous 24 hours, the price of memecoins has risen by more than 3%. For example, the quantity of memecoin on exchanges has just increased. This was accompanied by a drop in supply outside of exchanges, a classic bear signal.

Furthermore, whale transactions rose during the crossing, implying that the big shots were profitably selling their assets.

Gemini adds PEPE coin to the list

Pepe launched $PEPE into the market in mid-April and now has the backing of Gemini, marking one of the most significant milestones. $PEPE, in particular, was launched on April 14, 2023. It has grown quickly enough to reach a market capitalization of $750 million as of May 9, 2023.

Gemini announced the development of $PEPE being listed on the trading platform. It also told the community that the token can now be deposited on the official Gemini website and on ActiveTrader. There is presently no precise date for when trading operations for $PEPE will begin; however, the community should expect a notification shortly.

Once open, trading activity for $PEPE will first appear on the Gemini API and ActiveTrader programs. The initial trading pair will be USD.

cheers @Gemini ?? $pepe https://t.co/Z815iFxVeL pic.twitter.com/ZP2gMBxJ15

— Pepe (@pepecoineth) May 10, 2023

$PEPE will then be available on Gemini’s mobile app and website alongside other currencies such as GBP, EUR, USD, SGD, AUD, HKD, and CAD. Only registered Gemini customers will have access to $PEPE’s trading activity with the aforementioned currencies.

By expanding on the image of Pepe the Frog, the token follows in the footsteps of other meme tokens such as Dogecoin and Shiba Inu. Matt Furie invented the meme during the early 2000s. It does not simply follow in the footsteps of other meme tokens, but it also focuses on restoring community authority over money.

Visit and learn our guide to the best meme coin to buy here.

Adding $PEPE to the exchange board coincides with Gemini’s purpose of increasing financial independence for people all across the world. $PEPE does not have any built-in utilities. It may be vulnerable to extreme price fluctuation with a higher loss in value, particularly if traders add the token for a short period of time.

Furthermore, the value of $PEPE may be heavily influenced by how market members behave and trade the meme token. In addition, the holders of $PEPE may incur lasting losses as a result of their trading actions.

However, these are inevitable repercussions of trading any cryptocurrency, as they are subject to extreme price volatility regardless of market environment.

The Future of PEPE

After PEPE’s price dropped, people began to wonder if the token would follow the same road as its predecessors. Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), which had similar experiences with PEPE, have dropped a lot from their ATH as the hype around them has died down.

Investors are likely to stop talking about PEPE as soon as they learn that the memecoin has no real-world use and that its rising price is only temporary. Even though it’s hard to tell what will happen with any coin, the fact that PEPE has lost more than half of its value in just four days shows that the hype is over.

Crypto presale to buy in 2023

Ecoterra ($ECOTERRA)

$ECOTERRA, the token that supports the ecological movement Ecoterra, is yet another intriguing asset for investors to investigate. Ecoterra’s new concept has received enormous support from potential investors, with over $3.4 million raised in its ongoing presale.

$ECOTERRA is currently trading at $0.00775. However, once the next presale round begins, the token price will rise to $0.0085 in nine days. Ecoterra is an environmentally friendly project that employs blockchain technology to develop a more sustainable recycling technique while rewarding members.

Guide on how to buy ECOTERRA token here.

Users earn $ECOTERRA tokens by recycling in small or large establishments utilizing a reverse vending machine (RVM). They can also stake or use their tokens to support global green energy projects, beach clean-ups, tree planting, and other ecologically friendly efforts.

Furthermore, because it is compatible with all sorts of reverse vending machines, Ecoterra can be modified for a wide range of industrial sectors and organizations of all sizes, from consumer goods to hospitality and technology. See our guide to the greenest cryptos to invest in here.

This not only helps to raise recycling rates, but it also gives consumers a unique opportunity to earn incentives while helping the environment.

Related

• New meme coin PEPE surpasses major cryptocurrencies by trading volumes
• Pepecoin’s Surge Hits PEPE Bears with Million-Dollar Losses While Select Traders Made a Fortune
• Pepe Coin (PEPE) Price Prediction
• Ecoterra Raises Over $3.3 Million In Its Presale

Best Crypto Discord

Rated

• Get Educational Courses & Tutorials
• Free Content & VIP Group
• Jacob Crypto Bury Market Analysis Videos
• Leverage Trading Signals on Bybit
• Next 10x Altcoin Gems
• Upcoming Presales & ICOs

Learn More