{"id":486650,"date":"2024-03-07T08:39:34","date_gmt":"2024-03-07T08:39:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=486650"},"modified":"2024-03-07T08:39:34","modified_gmt":"2024-03-07T08:39:34","slug":"pepe-price-prediction-top-trending-pepe-plunges-8-but-this-meme-coin-competitor-surged-38-next-shiba-inu","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-top-trending-pepe-plunges-8-but-this-meme-coin-competitor-surged-38-next-shiba-inu","title":{"rendered":"Pepe Price Prediction: Top Trending PEPE Plunges 8%, But This Meme Coin Competitor Surged 38% – Next Shiba Inu?"},"content":{"rendered":"

The Pepe price dropped 8% in the last 24 hours <\/span>to trade at $0.00000706<\/span><\/a> as of 00:25 a.m. EST on trading volume that plunged 12% to $2.67 billion.<\/span><\/p>\n

This comes as Pepe ranks third among top-performing meme coins after surging 110% in the last seven days.<\/span><\/p>\n

Pepe Price Bulls Remain Resilient As They Sustain The Bullish Momentum<\/span><\/h2>\n
\"Pepe
PEPEUSD Chart Analysis Source: Tradingview.com<\/figcaption><\/figure>\n

The Pepe bulls have been resilient in March, rallying the price to a new all-time high at $0.00000873, which marked the immediate resistance. The bears have taken control of the price after this threshold, forming an inverse head-and-shoulders pattern as the price aims for a breakout.<\/span><\/p>\n

PEPE is currently trading slightly above the 200-day Simple Moving Average (SMA) on the 30-minute chart, which is a confirmation of the sustained bullish momentum. If the bulls continue rallying the price, they will eventually overcome the 50-day SMA hurdle.<\/span><\/p>\n

Additionally, the Relative Strength Index (RSI) is showing clear signs of a rebound, pushing toward the north from the oversold region at 37.<\/span><\/p>\n

\"PEPEMACD\"<\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) supports the slight retrace, as the moving average line (blue) crosses slightly below the signal line (orange), but with signs of a rebound. The red bars on the histogram also support the looming reversal as they diminish heading towards the zero line.<\/span><\/p>\n

Additionally, the Average Directional Index (ADX) supports the growing bullish trend as it moves north at level 29.<\/span><\/p>\n

Pepe Price Prediction<\/span><\/h2>\n

All the Pepe price indicators show a looming bullish rally, with the RSI and ADX showing continued optimism among traders as they add their positions. The enhanced buying pressure could see Pepe soar above the neckline established at $0.00000833, as they aim for prices over $0.000010.<\/span><\/p>\n

Other analysts are also in support of the bullish stance, predicting a rally to $0.000010.<\/span><\/p>\n