{"id":605507,"date":"2024-11-29T08:46:06","date_gmt":"2024-11-29T08:46:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=605507"},"modified":"2024-11-29T08:46:06","modified_gmt":"2024-11-29T08:46:06","slug":"pepe-price-prediction-pepe-drops-5-as-investors-pivot-to-this-layer-2-challenger-amid-growing-speculation-of-a-binance-listing","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-drops-5-as-investors-pivot-to-this-layer-2-challenger-amid-growing-speculation-of-a-binance-listing","title":{"rendered":"Pepe Price Prediction: PEPE Plunges 5% As Investors Pivot To Pepe Unchained Presale Amid Binance Listing Speculation"},"content":{"rendered":"

The Pepe price plunged 5% in the last 24 hours to trade at $0.00001996 as of 11:23 p.m. EST on trading volume that tumbled 28% to $2.7 billion.<\/span><\/p>\n

Pepe Price Aims For A Bullish Trend Reversal<\/h2>\n

The Pepe price trend is bullish in the short term, with a notable breakout from a consolidation phase in October followed by a sharp upward move in November.<\/span><\/p>\n

The $0.0000080 level at the beginning of November has allowed <\/span>the PEPE price<\/span><\/a> to trade well above both the 50-day and 200-day Simple Moving Averages (SMAs). This adds to the general bullish trend, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

Despite the current slight downtrend from the $0.0000240 resistance, the Pepe price is still preparing for an upwards surge above the falling channel.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is at 62, which suggests that while the upward momentum has slowed, there is still room for the price to rise before becoming overbought again.<\/span><\/p>\n

If the bulls successfully stage a bullish trend reversal, the price of Pepe could surge over the current falling channel, as the bulls target the next possible target at $0.0000250.<\/span><\/p>\n

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

Conversely, in a scenario where the bears continue pushing the price of Pepe down, the asset could go through a correction to the 50-day SMA at $0.00001355.<\/span><\/p>\n

As the Pepe price prepares for another leg up, investors are piling into the <\/span>Pepe Unchained (PEPU)<\/span><\/a> presale. 99Bitcoins, a crypto channel on YouTube with over 706K subscribers, says PEPU could surge 100X when it launches.<\/span><\/p>\n