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The Pepe price is down 16% over the last week despite a 3% uptick in the last 24 hours to trade at $0.00001543 as of 2.30 a.m. EST on trading volume that skyrocketed 44% to $1.25 billion.
Last Friday, the PEPE price sat at $0.00001859 before surging up to $0.00002093, reaching this high point on early Saturday.
However, since then, the project started spiraling down until it found a support at $0.00001450. Its price decline started even before Bitcoin’s did, and while BTC is trying to recover back to $106k, Pepe is making attempts to breach a resistance at $0.0000155.
The token recently lost its spot as the third-largest meme coin by market cap to OFFICIAL TRUMP (TRUMP), which launched only a few days before the inauguration ceremony. Even though TRUMP has lost a large chunk of its price, going from above $70 to $34 at the time of writing, its market cap still puts it at over $300k ahead of PEPE.
Pepe Price Prediction
The last 24 hours have seen major fluctuations in Pepe’s price. The token has been spiraling down throughout the week, eventually finding a support at around $0.00001450.
Pepe’s Bollinger Bands, which have been gradually narrowing as its price was dropping in the last two days, suddenly widened yesterday afternoon as a major surge took place again. The price pushed the upper band up, until it hit the resistance at around $0.0000155.
As the resistance interrupted the price surge, the meme coin’s value started fluctuating, going from the upper band to the lower one, and back. The strong volatility continues even now, at the time of writing.
The project’s Relative Strength Index (RSI) value has seen great fluctuations as well. Over the past several days, as the token’s price was spiraling down, Pepe’s RSI fluctuated between the oversold zone at 30 and the neutral value of 50.
When its price surged yesterday, the RSI was doing the same, suggesting that traders started buying rapidly, but they never lost control of the token. The RSI first surged to the overbought zone at 70, only to drop back down almost precisely to 30 again before it started another climb.
In other words, traders have been buying low and selling high with great precision, and now, the RSI is once again suggesting that some of them are starting to sell, which could result in another price drop for Pepe over the coming hours.
Promising Alternative To Pepe
If Pepe does see its price drop again soon, then it might be better for traders and investors to search for an alternative, such as Wall Street Pepe (WEPE).
WEPE is a Pepe alternative, not only as an investment but also as a potential replacement. At least, its supporters believe that it has that potential. The project launched its ICO in early December when it first presented its plan — to change the way retail traders and investors interact with the crypto world.
After observing crypto whales, WEPE realized that they tend to stick to their insider groups, where they receive advanced trading signals, investment recommendations, access to the most profitable strategies, and more. However, they do not share any of it with retail traders, which the project found unfair. That was when it decided to launch a private insider group of its own and offer similar benefits to smaller retail investors and traders.
The crypto sector loved the idea, and so WEPE saw its ICO explode, raising over $58.49 million as of the time of writing. Now, it is approaching the end of the presale, which will conclude 23 days from now. That is, assuming that it doesn’t sell all of its tokens before the countdown hits zero.
If you wish to buy WEPE before that happens — whichever comes first — now might be your last chance to do so. The token is still selling for only $0.0003665, and you can buy it with bank card or crypto. Meanwhile, experts like ClayBro, a crypto YouTuber with over 135k subscribers, believe that its potential is massive and that WEPE could be the next 10x opportunity in the crypto market.
Buy WEPE on its official website here before its much-anticipated launch in 23 days.
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