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The Pepe price is up 23% over the past week after a 3% rise in the last 24 hours to trade at $0.000008814 as of 3:20 a.m. EST on trading volume that dropped 26% to $696.99 million.
Last Friday, the PEPE price sat at $0.000007168, but started to climb recently. It eventually reached $0.000009242 on Wednesday.
That was around the time when Bitcoin climbed above $94k, but as the largest crypto corrected, causing PEPE’s price to do the same. As a result, its value dropped to $0.0000085, only to then recover to its current value.
Pepe Price Prediction
The Pepe price spent the last 24 hours mostly fluctuating between a support at $0.0000086 and a resistance at $0.0000088, with several attempts to breach the resistance and hit $0.0000090. As a result of constant smaller fluctuations, the token’s Bollinger Bands have managed to maintain relatively consistent width, with no major changes.
The Pepe price would go up and down from one band to the other, sometimes fluctuating between one of the bands and the middle section of the indicator. The overall trend was slightly bearish on Wednesday, but things started changing for the better early Thursday. So far, this has continued well into today.
PEPE/USDT chart analysis (Source: TradingView)
Similar conclusions can be drawn from Pepe’s Relative Strength Index (RSI). The metric has seen fluctuations between the oversold zone and the neutral area on late Wednesday and early Thursday.
Then, as the day progressed, traders started increasing the buying power, pushing the RSI to the overbought zone and the price to $0.0000088. After that, a small sell-off occurred, taking the RSI back to 50, only for it to return to 70 on late Thursday/early Friday.
Traders then took profit again and the RSI dropped to 40. Right now, the indicator is once again going up, although it started hesitating when it reached the value of 60. This suggests that traders are willing to buy and push it to 70, but they would then take profit and cause it to drop again, which is a pattern that might continue moving forward.
Promising Alternative To Pepe
With Pepe currently stagnating, investors have turned to the newest frog-themed meme coin in the industry, Fantasy Pepe (FEPE).
This is a project that aims to combine football and meme coins, mashing them together into the wildest game on the blockchain. The project introduces meme coin teams, including Pepe United, Doge FC, and other, who will play against one another in real-time using AI matching. Its community can then place bets on matches and win rewards if they guess correctly.
This is also FEPE’s main utility, and a reason why its investors have already poured over $222k into the project’s ICO within days of its launch. Meanwhile, the token itself is selling for only $0.000307 as of April 25.
Experts like Crypto ZEUS, a crypto YouTuber with over 85.6k subscribers, believe that it is worth investing in FEPE now, while its price is still low, as it has massive potential to become the next big PEPE coin.
Interested investors will want to buy FEPE before the next presale price hike in a little over 2 days.
Visit the Fantasy Pepe website.
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