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The Pepe price soared 7% in the last 24 hours to trade at $0.00000997 as of 02:14 a.m. EST on trading volume that jumped 35% to $2 billion.
The surge in the PEPE price has made the meme coin the number 1 trending token on DEXTools.
Pepe Price Can Still Rebound
The PEPE price chart on the 3-day timeframe shows that the asset has gone through a significant bullish phase, marked by a strong uptrend that lasted through most of 2024. This rally was supported by a rounding bottom pattern in the last quarter, which led to a breakout.
However, the Pepe price failed to sustain its highs around $0.00002836 and started forming a rounded top pattern, a sign of a possible trend reversal.
Recently, the price of PEPE has broken below the 50-period Simple Moving Average (SMA) on the 3-day chart at $0.00001488, indicating weakening bullish momentum. Moreover, the price is approaching a critical support zone around $0.00000887 to $0.00000653, which will be essential in determining PEPE’s next move.
Additionally, the 200-period SMA at $0.00000722 remains below the current price, acting as a longer-term support. If the price of Pepe continues downward, this level may provide a potential rebound area.
The Relative Strength Index (RSI) is at 33.86, near the oversold region (below 30), suggesting that the asset is approaching a potential reversal zone.
PEPE/USDT Chart Analysis (Tradingview)
PEPE Price Prediction
If buyers defend the support zone and the RSI bounces from oversold conditions, PEPE could retest $0.00001200, followed by the 50-period SMA ($0.00001488) as resistance. A recovery beyond this level may shift momentum back to the bulls.
Conversely, if the Pepe price breaks below the support zone, it could trigger further downside toward the 200-period SMA at $0.00000722 or even lower levels near $0.0000060.
As the Pepe price soars, investors are buying up a new frog-themed Pepe derivative called Wall Street Pepe (WEPE). Crypto influencer ClayBro, with over 136K subscribers, says the new meme coin could soar 100X after launch.
Wall Street Pepe Presale Racing Towards The $70 Million Mark – Last Chance To Buy
The Wall Street Pepe presale continues to gain traction in the meme coin space, with the total raise now standing at over $68.6 million.
Much of this investor enthusiasm stems from Wall Street Pepe’s vision to take down big crypto whales who’ve been controlling the crypto markets for far too long.
WEPE detests whale investors who trade in secretive insider groups and he aims to level the playing field for the little guys. The Wall Street Pepe trading platform gives retail traders the same exclusive insights as big crypto players. This private trading group has access to market signals, tips, strategies, and more.
Brain on max output. Charts prepping to follow. 🐸⚔️ pic.twitter.com/SxNfQZXAir
— Wall Street Pepe (@WEPEToken) February 1, 2025
Wall Street Pepe also offers a staking platform with an attractive 18% Annual Percentage Yield (APY).
You can buy WEPE tokens from the official website for $0.0003665 using ETH, USDT, or a bank card.
Buy WEPE tokens here before the presale ends in less than 12 days.
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