{"id":537609,"date":"2024-06-19T14:24:59","date_gmt":"2024-06-19T14:24:59","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=537609"},"modified":"2024-06-19T14:24:59","modified_gmt":"2024-06-19T14:24:59","slug":"pepe-price-prediction-pepe-pumps-7-but-holders-pivot-to-this-parabolic-doge-p2e-ico-thats-raised-almost-5m-in-3-weeks","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-pumps-7-but-holders-pivot-to-this-parabolic-doge-p2e-ico-thats-raised-almost-5m-in-3-weeks","title":{"rendered":"Pepe Price Prediction: PEPE Pumps 7%, But Holders Pivot To This Parabolic DOGE P2E ICO That’s Raised Almost $5M In 3 Weeks"},"content":{"rendered":"
The Pepe price <\/span>pumped<\/span><\/a> over 7% in the last 24 hours to trade at $0.00001158 as of 4:40 a.m. EST as buyers re-enter the meme coin’s order books.<\/span><\/p>\n Despite the recent gain, the PEPE price is still down more than 12% on the weekly timeframe.<\/span><\/p>\n <\/p>\n 4-hour chart for PEPE\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n The <\/span>Pepe<\/span><\/a> price rebounded off of the $0.00000953 support level in the last 24 hours. It has since entered into a positive sequence on the 4-hour chart, printing a series of higher highs and higher lows. If this bullish momentum continues, the meme coin might soon be able to flip the $0.00001269 resistance level into support.<\/span><\/p>\n Traders could subsequently look to enter into a long position for PEPE. With this potential buy volume, the Pepe price might have the backing needed to attempt a challenge at the next major threshold at $0.00001522 in the following 24 hours.<\/span><\/p>\n However, the Pepe price failing to close a 4-hour candle above $0.00001269 within the next 24 hours could invalidate the bullish thesis. In this alternative scenario, the meme coin stands the risk of correcting back down to the aforementioned $0.00000953 support.<\/span><\/p>\n Continued sell pressure should the Pepe price fall back down to this technical crutch could lead to it falling below this critical price point. An extremely bearish scenario might result in PEPE plunging to as low as $0.00000751 in the short term.<\/span><\/p>\n Technical indicators on PEPE’s 4-hour chart are flashing bullish, which could suggest the Pepe price will continue rising in the upcoming 24 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are showing positive signs.<\/span><\/p>\n Buyers recently gained an advantage over sellers, as signaled by the RSI value that broke above 50. The 50 mark is a focal point for many traders, because an RSI value below this benchmark indicates that bears are stronger than bulls. The inverse is true for a value above 50.<\/span><\/p>\n Given the RSI value recently surpassed 50, it might be easier for bulls to push the <\/span>Pepe<\/span><\/a> price higher in the coming 24 hours than it will be for bears to pull it down during the same period.<\/span><\/p>\n Meanwhile, the MACD triggered a major bullish flag in the last few hours after the MACD line crossed above the MACD Signal line. Traders usually see this as a sign that a crypto has entered into a positive cycle. <\/span><\/p>\n If the bullish signs presented by both the MACD and RSI indicators are validated, the PEPE price might soon challenge the $0.00001522 resistance.<\/span><\/p>\nThe Pepe Price Enters A Positive Sequence<\/span><\/h2>\n
Fresh Bullish Signs Appear On The 4-Hour Pepe Price Chart<\/span><\/h2>\n