{"id":539897,"date":"2024-06-25T07:57:09","date_gmt":"2024-06-25T07:57:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=539897"},"modified":"2024-06-25T07:57:09","modified_gmt":"2024-06-25T07:57:09","slug":"pepe-price-prediction-pepe-pumps-13-as-analysts-say-this-meme-coin-rival-might-explode-exponentially","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-pumps-13-as-analysts-say-this-meme-coin-rival-might-explode-exponentially","title":{"rendered":"Pepe Price Prediction: Pepe Pumps 13% As Analysts Say This Meme Coin Rival Might Explode Exponentially"},"content":{"rendered":"

The Pepe price surged 13% in the last 24 hours <\/span>to trade at $0.00001170<\/span><\/a> as of 02:33 a.m. EST on trading volume that skyrocketed 78% to $940 million.<\/span><\/p>\n

This comes as the meme coin market rebounded in the last 24 hours with a 6% increase to a $47 billion market capitalization, with top meme coin titans, DOGE and SHIB rising 3% and 2% respectively in the last 24 hours.<\/span><\/p>\n

Pepe Price Set For A Bullish Rally Over The Descending Triangle<\/span><\/h2>\n
\"PEPE
PEPEUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

After hitting its all-time high (ATH) of $0.000017, Pepe price has been on a downtrend, trading within a descending triangle pattern, according to data from <\/span>GeckoTerminal<\/span><\/a>. The trend indicates that sellers have been more aggressive than buyers as the price continued to make lower highs.<\/span><\/p>\n

However, the trend has recently narrowed, with the current open interest (OI) for PEPE increasing by 17%, according to Coinalyze<\/span><\/a> data. Investors are now anticipating a breakout above the horizontal support level of around $0.00001070.<\/p>\n

With the bulls using the support level, they have eventually breached the 50-day Simple Moving Average (SMA), an indication that the PEPE price may be gearing up for a major rally. If this trend is sustained, the price of Pepe may overcome the 200-day hurdle around $0.00001331.<\/span><\/p>\n

The Relative Strength Index (RSI) is rebounding from the oversold levels, as it crosses the 50-midline level to trade currently at 56. With the RSI soaring, it seems the buyers have an upper hand, which if sustained, the token could soar higher.<\/span><\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing over the orange signal line, representing a bullish crossover. With the green bars on the histogram extending beyond the neutral line, the Pepe price is on a positive momentum.<\/span><\/p>\n

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

According to the price analysis on the 4-hour chart, the Pepe price shows a bullish bias, with the bulls aiming to push the token over the descending triangle, currently targeting $0.000020.<\/span><\/p>\n

However, in an inverse scenario, if the bears take control of the price at this level, the price of PEPE could breach the horizontal line to the next support zone around $0.00000896.<\/span><\/p>\n

As the PEPE price soars, other meme coin lovers are also buying its alternative, Pepe Unchained (PEPU), which has raised over $620K in just a few days.<\/span><\/p>\n

Pepe Unchained Raises 620K In Less Than A Week – Best PEPE Alternative To Buy Now?<\/strong><\/h2>\n

Since its inception last year, Pepe has continued to rule the charts, despite a wave of upcoming meme coins.<\/span><\/p>\n

However, Pepe was originally built on the Ethereum blockchain, which is mostly handicapped by network delays and rising gas fees.<\/span><\/p>\n

The new player, <\/span>Pepe Unchained<\/span><\/a>, is based on PEPE planning on a breakout from his chains and embracing the future with Pepe Unchained. PEPU will run on its own proprietary Ethereum Layer 2 blockchain. <\/span><\/p>\n

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Who needs some Brain Powder?<\/p>\n

Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com\/kZC72UmxFy<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) June 20, 2024<\/a><\/p><\/blockquote>\n