{"id":595187,"date":"2024-11-06T09:27:06","date_gmt":"2024-11-06T09:27:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=595187"},"modified":"2024-11-06T09:27:06","modified_gmt":"2024-11-06T09:27:06","slug":"pepe-price-prediction-pepe-pumps-15-as-this-layer-2-alternatives-ico-closes-on-25-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-pumps-15-as-this-layer-2-alternatives-ico-closes-on-25-million","title":{"rendered":"Pepe Price Prediction: PEPE Pumps 15% As This Layer-2 Alternative Closes On $25 Million"},"content":{"rendered":"

The Pepe price surged 15% in the last 24 hours <\/span>to trade at $0.000009520<\/span><\/a> as of 00:29 a.m. EST on trading volume that skyrocketed 86% to $2.2 billion.<\/span><\/p>\n

This comes as the meme coin space jumped 24% to reach a $74.4 billion market capitalization after Bitcoin hit a new all-time high on expectations that Donald Trump will win the US election.<\/span><\/p>\n

Other leading meme coins also recorded massive gains, with DOGE leaping 24.5%, SHIB soaring 10.7%, and WIF surging 6.6%.<\/span><\/p>\n

Pepe Price Poised For A Breakout<\/h2>\n

The Pepe price has declined since May after it hit its all-time high of $0.00001717. However, the $0.0000080 acted as a major support level, which allowed the price of Pepe to trade within a descending triangle pattern, according to data from <\/span>GeckoTerminal<\/span><\/a>. The PEPE price now aims for a breakout, as it trades within the triangle’s upper boundary.<\/span><\/p>\n

PEPE now trades slightly above the 50-day Simple Moving Average (SMA), which shows that the Pepe price is currently building momentum. A positive trajectory could push the price of Pepe above the 200-day SMA, currently at $0.000009855.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) seems to be recovering above the 50-midline level, which shows that the asset is building up positive momentum.<\/span><\/p>\n

If the bulls succeed in pushing the price above the triangle, PEPE could surge, as they target $0.0000140 in the long term.<\/span><\/p>\n

\"Pepe
PEPEUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

However, if the bears take control of the price at this level, PEPE could plunge back to the $0.0000080 support zone.<\/span><\/p>\n

Meanwhile, investors are going all-in on a new PEPE alternative called <\/span>Pepe Unchained ($PEPU)<\/span><\/a>, which leading YouTube channel <\/span>99Bitcoins, with more than 706k subscribers, says could be the next meme coin to deliver 100x returns.<\/span><\/p>\n