{"id":506550,"date":"2024-04-15T15:14:57","date_gmt":"2024-04-15T15:14:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=506550"},"modified":"2024-04-15T15:58:32","modified_gmt":"2024-04-15T15:58:32","slug":"pepe-price-prediction-pepe-pumps-4-as-analysts-say-consider-this-rival-2-0-meme-coin-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-pumps-4-as-analysts-say-consider-this-rival-2-0-meme-coin-for-100x-gains","title":{"rendered":"Pepe Price Prediction: PEPE Pumps 4% As Analysts Say Consider This Rival 2.0 Meme Coin For 100X Gains"},"content":{"rendered":"

The Pepe price has pumped 4% in the past 24 hours <\/span>to trade at $0.000005505<\/span><\/a> as of 6:20 a.m. EST, on a 38% drop in trading volume to $906 million.<\/span><\/p>\n

Pepe Price Rebounds Into The Bullish Pennant<\/span><\/h2>\n

Pepe’s current price is trading below its all-time high of $0.00001064. Some encouraging signs indicate a potential recovery into the bullish pennant pattern, suggesting Pepe’s positive trend could persist.<\/span><\/p>\n

Even with a slight pullback below the lower trendline of the pennant, the bulls seem resilient, driving the price upwards and getting back into the pennant.<\/span><\/p>\n

\"Pepe<\/p>\n

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

Currently, the price is trading below the 50 and 200 simple moving averages (SMA). Increased momentum should see the price jump above the averages, indicating a potential beginning of a bull rally as buyers become more involved.<\/span><\/p>\n

The Macd shows signs of a rebound below the neutral level, with the blue line crossing the orange signal line. Furthermore, the histogram shows positivity near the neutral level.<\/span><\/p>\n

The relative strength index (RSI) signals a reversal from the 30 oversold region. With increased momentum, the RSI is expected to, cross the 50 midline level and rise to overbought, indicating intense buying pressure.<\/span><\/p>\n

Pepe Price Bulls Poised to Reclaim Its All-Time High<\/span><\/h2>\n

The bullish pennant indicates that the upward trend may persist, potentially increasing the price. If the price keeps rebounding from the lower trendline of the pennant, it could help buyers overcome the resistance level at the previous all-time high of $0.00001064, aiming to reach a new peak at $0.00001525.<\/span><\/p>\n

However, if sellers gain control, the price might continue in a downtrend below the lower boundary of the pennant, dropping to around $0.00000661. <\/span><\/p>\n

SpongeV2: Potential For 100X Returns<\/span><\/h2>\n

Sponge V1 caused a stir in May 2023, delivering impressive returns of 100X for early investors and hitting a peak market cap of $100 million. It’s 2.0 successor, SpongeV2<\/a>, aims to repeat that feat and then some as it <\/span>prepares to launch on top-tier exchanges.<\/span><\/p>\n

Analyst and Crypto YouTuber Crypto Boy consider SpongeV2 one of the best meme coins to invest in this year, with the potential to explode 100X on launch.<\/span><\/p>\n