{"id":599740,"date":"2024-11-18T08:13:08","date_gmt":"2024-11-18T08:13:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=599740"},"modified":"2024-11-18T08:13:08","modified_gmt":"2024-11-18T08:13:08","slug":"pepe-price-prediction-pepe-soars-66-in-a-week-as-traders-rush-to-buy-pepe-unchained-presale-as-it-smashes-35-million-ahead-of-tier-1-listings","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-soars-66-in-a-week-as-traders-rush-to-buy-pepe-unchained-presale-as-it-smashes-35-million-ahead-of-tier-1-listings","title":{"rendered":"Pepe Price Prediction: PEPE Soars 66% In A Week As Traders Rush To Buy Pepe Unchained Presale As It Smashes $35 Million Ahead Of Tier 1 Listings"},"content":{"rendered":"

The Pepe price skyrocketed 66% in the last week despite dropping by a fraction of a percent in the last 24 hours <\/span>to trade at $0.00002104<\/span><\/a> as of 11:28 p.m. EST on trading volume that dropped 4% to $5.4 billion.<\/span><\/p>\n

Pepe Price Gearing Up For Another Bullish Run<\/h2>\n

The Pepe price market shows a strong bullish trend in the short term, evidenced by a significant spike in price and volume. The breakout above key resistance levels, followed by a parabolic move, confirms bullish momentum.<\/span><\/p>\n

Support around the $0.000010 level allowed the bulls to push the price of Pepe through a sustained bullish run, according to data from <\/span>GeckoTerminal<\/span><\/a>. <\/span><\/p>\n

PEPE has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which shows that the asset is on a positive trajectory.<\/span><\/p>\n

The Relative Strength Index (RSI) is in the overbought zone, currently at 75, which signals that the asset may be overextended in the short term. While this does not necessarily mean a reversal is imminent, it suggests the potential for a pullback or consolidation as buying pressure cools off.<\/span><\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) is also positive, as the blue MACD line crosses above the orange signal line, representing a bullish crossover.<\/span><\/p>\n

If the momentum continues, the Pepe price could soar even further, targeting $0.000030 in the short term.<\/span><\/p>\n

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

Overbought RSI and parabolic price movement suggest that a correction or sideways consolidation may follow soon. In such a scenario, the level around the 50-day SMA ($0.00001130) could act as the next support zone.<\/span><\/p>\n

Meanwhile, as the Pepe price aims for another surge, the <\/span>Pepe Unchained (PEPU)<\/span><\/a> presale is another token on a tear after blasting past $35.6 million in funds raised. <\/span><\/p>\n

YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to turn $1k into $10k after launch.<\/span><\/p>\n