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Pepe Price Prediction for Today May 31: PEPE Recovers over $0.0000010000 as It Fluctuates within a Range

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Pepe Price Prediction for Today May 31: PEPE Recovers over $0.0000010000 as It Fluctuates within a Range
Pepe Price Prediction for Today May 31: PEPE Recovers over $0.0000010000 as It Fluctuates within a Range

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PEPE Bearish Momentum Wanes as It Fluctuates within a Range – May 31, 2023

PEPE/USD makes a positive move to a high of $0.0000044867 but fluctuates within a range. Buyers were unable to keep up the good pace as the market hit an overbought zone. The altcoin then encountered rejection at its most recent peak. As of this writing, the cost of one PEPE is $0.0000012443.

Pepe Price Statistics Data:
•Pepe price now – $0.000001234
•Pepe market cap – $483,339,920
•Pepe circulating supply – 391,790,000,000,000 PEPE
•Pepe total supply – $517,403,342
•Pepe Coinmarketcap ranking – #

Resistance Levels: $0.0000015000, $0.0000016000, $0.0000017000
Support Levels: $0.0000011000, $0.0000010000, $0.0000009000

The cryptocurrency’s value is decreasing below the moving average lines. During its initial climb, the altcoin achieved a top of $0.0000044867 but was unable to sustain it. The cryptocurrency’s price increased to an overbought region of the market. PEPE was rejected in the overbought area as it fell. The altcoin decreased to a low of $0.0000010000 as bulls bought the dips. The market’s oversold region was reached as the bearish momentum waned. On May 12, the cryptocurrency soared above the moving average lines and over the current support. The altcoin’s price is currently ranging between $0.0000010000 and $0.0000020000. Currently, PEPE is retracing in the direction of the established support. Currently, PEPE is located at level 44 of the Relative Strength Index for period 14.

Pepe Price Prediction for Today May 31: PEPE Recovers over $0.0000010000 as It Fluctuates within a Range
PEPE/USD – 4 Hour Chart

The market for PEPE/USD has reached the oversold region but fluctuates within a range. Above the current support, the price indication has indicated a potential decline and reversal. PEPE made an upward corrective following the market decline on May 8 and a candle body that day tested the 78.6% Fibonacci retracement level. According to the correction, PEPE will drop but turn around at level 1.272 of the Fibonacci extension, or $0.0000009339. According to the price movement, the currency has reversed at the present support level and varies in price between $0.0000010000 and $0.0000020000.

What’s the Next Pepe? Best Alternative

Despite having corrected as deep as 80% from its all-time high – and now being approximately 60-70% down – Pepe token still has an almost $500 million market cap. Assets of that size can have limited upside potential.

When it comes to meme coins, it’s often more profitable to buy a low market cap meme token as a short term trade. We’ve reviewed several of the best meme coins on this site, some of which are still early in their roadmap, either about to list on exchanges or still on presale.

Wall Street Memes (WSM) is one of the earliest in its development – still on presale at wallstmemes.com and set to launch in Q3 – Q4 2023 with a live market cap of only $30 – $40 million. Therefore even it increases 10x in value, it would still not reach the value of Pepe after its correction. Even a 50x gain would not overtake Pepe at its peak – hit just after Binance announced it would list Pepe.

Wall Street Memes has a wide community reach of over one million followers on its Instagram and Twitter, has been tweeted at by Elon Musk, and has launched successful NFT projects in the past. So it’s possible that its popularity would be noticed by a tier one exchange like Bybit, OKX or even Binance. Read our Wall Street Memes price forecast.

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