{"id":617953,"date":"2025-01-14T08:00:05","date_gmt":"2025-01-14T08:00:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=617953"},"modified":"2025-01-14T08:00:05","modified_gmt":"2025-01-14T08:00:05","slug":"pepe-price-prediction-pepe-plunges-17-in-a-week-as-this-meme-coin-rival-charges-toward-48-million-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-plunges-17-in-a-week-as-this-meme-coin-rival-charges-toward-48-million-in-presale","title":{"rendered":"Pepe Price Prediction: PEPE Plunges 17% In A Week As This Meme Coin Rival Charges Toward $48 Million In Presale"},"content":{"rendered":"

The Pepe price is down more than 17% in the past week following a 1% drop in the last 24 hours to trade at $0.000017 as of  9:53 p.m. EST as investors turn their attention to other cryptos.<\/span><\/p>\n

There was a surge in trading volume around the meme coin, but the drop in the PEPE price suggests this activity was mainly sell volume.<\/span><\/p>\n

Pepe Price Trying To Break Above A Negative Trend Line<\/span><\/h2>\n

\"PEPE<\/p>\n

4-hour chart for PEPE\/USD (Source: <\/span>GeckoTerminal<\/span>)<\/span><\/p>\n

The <\/span>Pepe<\/span><\/a> price overcame<\/a> the resistance level at $0.00001655 in the last few hours and is now attempting to break above a negative trend line that has emerged on the crypto’s charts. Should the meme coin clear this technical obstacle, it could then try to flip the $0.00001797 resistance level into support before potentially rising to as high as $0.00002055 in the short term.<\/span><\/p>\n

On the other hand, the Pepe price failing to close a 4-hour candle above the descending trend line within the next 12 hours might invalidate the bullish thesis. In this alternative case, the meme coin could end up retesting the aforementioned $0.00001655 mark, but as support. Falling below this level could then expose PEPE to the risk of plunging to $0.00001507.<\/span><\/p>\n

Technicals Suggest The Pepe Price Might Rise<\/span><\/h2>\n

From a technical standpoint, indicators on PEPE’s 4-hour chart are starting to show bullish signs. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest the Pepe price might rise through the course of the next 24 hours.<\/span><\/p>\n

RSI readings have started to climb in recent hours, which could be a sign of growing buyer strength. With the positive slope of the RSI line, the indicator might soon rise above the neutral 50 mark to signal that bulls have taken control of the <\/span>Pepe<\/span><\/a> price.<\/span><\/p>\n

Momentum is slowly turning in favor of buyers as well, as evidenced by the MACD line that is rising towards the MACD Signal line. Should these two indicators cross in the coming 12 hours, traders might interpret the intersection as a sign that PEPE has entered a fresh bullish trend.<\/span><\/p>\n

While traders turn their attention away from Pepe, investors continue to buy into new meme coin rival <\/span>Wall Street Pepe (WEPE)<\/span><\/a> as its presale races towards $48 million.<\/span><\/p>\n

Fueling this buying frenzy around WEPE is a series of bullish predictions by crypto experts. Among them is crypto YouTuber and analyst ClayBro, who told his more than 135K subscribers in a recent video that early WEPE investors could become millionaires once the token launches.<\/span><\/p>\n