{"id":500046,"date":"2024-04-03T16:02:47","date_gmt":"2024-04-03T16:02:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=500046"},"modified":"2024-04-03T16:02:47","modified_gmt":"2024-04-03T16:02:47","slug":"pepe-price-prediction-pepe-plunges-7-as-traders-migrate-to-this-solana-meme-coin-with-cex-listing-imminent","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-plunges-7-as-traders-migrate-to-this-solana-meme-coin-with-cex-listing-imminent","title":{"rendered":"Pepe Price Prediction: PEPE Plunges 7% As Traders Migrate To This Solana Meme Coin With CEX Listing Imminent"},"content":{"rendered":"

The Pepe price has plunged 7% in the past 24 hours <\/span>to trade at $0.000007206<\/span><\/a> as of 7:20 a.m. EST on a 23% drop in trading volume to $738 million.<\/span><\/p>\n

PEPE was last week dethroned by Dogwifhat (WIF) as the third-largest meme coin by market capitalization, and it now lags behind the Solana meme coin sensation by almost $1 billion.<\/span><\/p>\n

Pepe Price Consolidates Into A Bullish Pennant<\/span><\/h2>\n

\"Pepe<\/p>\n

PEPEUSDT Analysis by Tradingview<\/span><\/p>\n

The Pepe price is currently trading below its all-time high of $0.00001064. However, it indicates some positive signs of rebound within a bullish pennant pattern. This pattern suggests that the bullish trend for Pepe might continue.<\/span><\/p>\n

The price of Pepe is on the rise within this pennant, bouncing back from the lower trendline. Additionally, the price has slightly crossed above both the 50 and 200 simple moving averages (SMAs) on the 4-hour chart, which could indicate the beginning of a bull rally as buyers become more active.<\/span><\/p>\n

The Macd indicates a rebound below the neutral level as the blue line crosses the orange signal line. Moreover, the histogram indicates positivity near the neutral level.<\/span><\/p>\n

The relative strength index (RSI) indicates a reversal on the 30 oversold level towards the 50 midline level. Increased momentum should see the RSI surge to overbought, indicating intense buying pressure. <\/span><\/p>\n

\"Pepe<\/p>\n

Pepe Price Bullish Pennant Signals A Rebound<\/span><\/h2>\n

The bullish pennant suggests that the upward trend might continue, potentially increasing the price. If the price continues to bounce back from the lower trendline of the pennant, it could help the buyers break through the resistance level at the previous all-time high of $0.00001064 to reach a new high of $0.00001525.<\/span><\/p>\n

However, if the sellers take charge, there’s a chance the price could drop below the lower boundary of the pennant, reaching around $0.00000661, leading to a retreat by the buyers toward the support zone at around $0.00000450.<\/span><\/p>\n

Meanwhile, investors are scrambling to get their hands on $SMOG so they catch the positive sentiment that’s likely to be driven by the token’s imminent listing on MEXC. <\/span><\/p>\n