Pepe Price Prediction: PEPE to Jump 70% as Nostalgia Fuels Demand

Updated: 05 September 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Pepe (PEPE), a popular meme coin based on the amphibian character known by the same name, has recently seen a fair bit of trouble with its price. In the last week, the token’s value dropped by over 4%, taking PEPE from $0.0000009 on August 30 to $0.0000007656 on September 1.

Since then, the price has been relatively stable, fluctuating between two levels.

In the final two days of August 2023, the PEPE price dropped quite strongly, going from $0.0000009 to $0.00000079. The token encountered several supports, but they could not stop its decline.

The token recovered slightly after reaching the support at $0.00000079, reaching $0.000000815 on September 1. However, this level started acting as a resistance, and by the end of September 2, PEPE crashed again, this time to $0.0000007668.

Apart from being the lowest point in the last week and last month, it was also the lowest PEPE since April.

After hitting this level, PEPE saw a slight recovery to $0.00000079 early on September 2. The price mostly remained here over the next two days, with tiny fluctuations. On September 4, however, it surged to $0.0000008253 before dropping to its new bottom at $0.00000078.

Finally, in the last 24 hours, the token fluctuated between a support at $0.00000079 and a resistance at $0.00000080, which is where it finds itself.

PEPE Price Increase Takes Traders by Surprise

Interestingly, PEPE’s recent surge to $0.00000081 occurred in the middle of a market lull, surprising most traders. However, it also caught their attention. Even so, the token saw a massive drop in volume to $131.7 million on August 30.

It got cut in half by September 2, dropping to $76 million, and only 24 hours later, it got halved again, sinking to $31 million on September 3.

Following the token’s surge on September 4, its volume went up again, hitting $42 million, from where it dropped slightly to $38 million at the time of writing.

What is Next For Pepe?

Like the rest of the market, Pepe is in a bearish scenario, regardless of its recent price increase. Analysts have pointed out that the token broke its $0.00000083 support zone, and it completed a pullback with a long-leg candlestick, which indicated a balance between supply and demand at these prices.

The volume of transactions dropped since the end of August, as mentioned, which is just another bearish signal for the token.

Wall Street Memes Offers One Last Chance To Buy

Pepe’s bearish behavior has caused a lot of traders to withdraw and wait for the market trend to change.

Instead, they are turning to other meme coins that offer more significant potential, and during a bear market, that means hitting up the coins and tokens that are holding a presale.

One of the most popular meme coins in this regard is Wall Street Memes (WSM), which is currently in its last stage, offering one final chance to buy its token.

The project has held the presale throughout the summer, raising well over $25 million. Its token is still available for $0.0337, and users can buy it via ETH, USDT, BNB, or credit card.

The token will appear on exchanges in about three weeks, so the time to get involved is short, and anyone who has not purchased it yet and wants to do so still has a short window of opportunity to acquire the tokens before they enter circulation.

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