{"id":571722,"date":"2024-09-02T06:46:47","date_gmt":"2024-09-02T06:46:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=571722"},"modified":"2024-09-02T06:46:47","modified_gmt":"2024-09-02T06:46:47","slug":"pepe-price-prediction-pepe-dives-21-in-a-week-as-this-layer-2-alternative-charges-towards-12-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-dives-21-in-a-week-as-this-layer-2-alternative-charges-towards-12-million","title":{"rendered":"Pepe Price Prediction: PEPE Dives 21% In A Week As This Layer-2 Alternative Charges Towards $12 Million"},"content":{"rendered":"

The Pepe price has plunged 21% in the past week and 5% in the last 24 hours to trade at $0.000007204<\/a> as of 12:30 a.m. EST on a 51% surge in trading volume to $808 million.<\/p>\n

Pepe Price Bulls Stage A Strong Support Zone<\/h2>\n

The PEPE price technicals on the daily chart show a continuation of the falling wedge pattern. The price is currently consolidating near the lower trendline of the wedge, suggesting potential preparation for an upward breakout. The key support zone around 0.0000007710 is holding firm, reflecting buying interest at this level and helping to prevent further declines.<\/p>\n

\"Pepe<\/p>\n

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The 50-day moving average (blue line) remains below the 200-day moving average (green line), indicating that the broader trend is still bearish, but a break above the wedge could shift momentum.<\/p>\n

Meanwhile, Moving Average Convergence Divergence (MACD) shows that the average line is still below the signal line, which is a bearish sign. However, the shrinking histogram bars suggest that the bearish momentum might weaken.<\/p>\n

Additionally, the RSI is at 38.34, suggesting that the market is not yet overbought, providing further room for a potential move higher.<\/p>\n

A breakout above the upper wedge boundary could drive the price towards the indicated target price level, marking a significant shift in sentiment. However, if the price fails to break out, a retest of the support zone may occur.<\/p>\n

Pepe Price Prediction: Bulls Poised For A Rebound<\/h2>\n

A confirmed breakout above the wedge pattern and the Moving Averages, along with bullish signals from the MACD and RSI, is needed for further confirmation.<\/p>\n

If the price can stay above the support zone at $0.0000007710 and show signs of strengthening, a breakout above the Falling Wedge pattern becomes more likely.<\/p>\n

A move above the 50-day SMA at $0.0000009522 could ignite further bullish momentum, potentially pushing the price towards the target of around $0.0000015031.<\/p>\n

Pepe Unchained Charges Towards $12 Million – Next 100X Meme Coin To Explode?<\/h2>\n

Meanwhile, as Pepe traders continue buying the dip more investors are turning to this new layer-2 meme coin Pepe Unchained ($PEPU)<\/a> which is racing towards $12 million in early presale funding and signaling strong investor confidence in the project’s future.<\/p>\n

Crypto analyst and YouTuber Claybro say that PEPU is a must-have meme coin, predicting it could skyrocket 100X after its launch.<\/p>\n