{"id":599463,"date":"2024-11-17T13:00:02","date_gmt":"2024-11-17T13:00:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=599463"},"modified":"2024-11-17T13:00:02","modified_gmt":"2024-11-17T13:00:02","slug":"pepe-price-prediction-pepe-pumps-74-in-a-week-as-a-fomo-frenzy-sees-pepe-unchained-presale-obliterate-34-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-pumps-74-in-a-week-as-a-fomo-frenzy-sees-pepe-unchained-presale-obliterate-34-million","title":{"rendered":"Pepe Price Prediction: PEPE Pumps 74% In A Week As A FOMO Frenzy Sees Pepe Unchained Presale Obliterate $34 Million"},"content":{"rendered":"

The Pepe price skyrocketed 74% in the last week, despite plunging 15% in the last 24 hours, to trade at $0.00002065 as of 8:46 p.m. EST on trading volume that dropped 55% to $5 billion, according to <\/span>CoinGecko<\/span><\/a>.<\/span><\/p>\n

Pepe Price Could Still Soar<\/b><\/h2>\n

The Pepe price overall trend is bullish due to the sharp upward price movement followed by a consolidation phase forming a symmetrical triangle, a continuation pattern typically seen during bullish trends.<\/span><\/p>\n

According to the PEPE\/USDT chart analysis on the 4-hour timeframe, the price of Pepe now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish trend.<\/span><\/p>\n

The current Relative Strength Index (RSI) is at 54.05, slightly above the midline (50), suggesting neutral momentum after being overbought previously (as seen when the RSI was near 80 during the rally). The RSI cooling off from the overbought zone is healthy, as it allows the price to consolidate without major corrections.<\/span><\/p>\n

Furthermore, the Average Directional Index (ADX) is at 44.98, which indicates a strong trend. Typically, an ADX above 25 confirms the presence of a trend, and readings above 40 suggest a robust one.  This reinforces that the recent rally had strong momentum, though the trend strength is stabilizing during this consolidation phase.<\/span><\/p>\n

A breakout above the triangle’s resistance (around $0.000020-$0.000022) could see the price resume its uptrend, potentially targeting new highs above the recent peak at $0.000030 or beyond.<\/span><\/p>\n

\"Pepe<\/p>\n

PEPE\/USDT Chart Analysis (Source: Tradingview)<\/span><\/i><\/p>\n

Conversely, if the triangle breaks down, support levels to watch are the 50-day SMA ($0.00000162) and 200-day SMA ($0.00000112).<\/span><\/p>\n

As the Pepe bulls aim for a continued surge, other investors are pivoting to new rival <\/span>Pepe Unchained (PEPU)<\/span><\/a>, which 99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says could surge 100X when it launches in just 25 days.<\/span><\/p>\n