Pepe Coin Price Prediction as PEPE Hits New All-Time High – Can PEPE 100x From Here?
PEPE has hit a new all-time high in the past couple of hours, with the Pepe Coin price currently sitting at $0.00001039 and enjoying a 19% gain today.
The meme token’s current price also represents a 23% gain in a week and a hefty 92% increase in a month, with its price benefitting from the return of legendary meme-stock trader Roaring Kitty to X.
pic.twitter.com/YgjVqtgcNS
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
And with PEPE also up by 440% in a year, it has strong enough momentum to continue rising for the foreseeable future.
It could potentially continue breaking its current ATH over the next few days, particularly if Roaring Kitty’s return does instigate a big bull run for meme tokens.
PEPE’s indicators are definitely looking bullish right now, with its 30-day average (orange) racing ahead of its 200-day (blue).
Its relative strength index (purple) also shot above 80 yesterday evening, and while it has declined a little, its position remains high.
In other words, the momentum is still there, with PEPE’s rising resistance (red) and support (green) levels also pointing towards further gains in the near term.
What’s particularly bullish is that whales have been buying the meme coin in the past day, indicating an expectation that PEPE will continue to build on its gains.
As the tweet below shows, PEPE has seen big purchases during its current run, which is encouraging insofar as you’d expect the whales concerned to hold onto the token for a little while longer at least.
This guy spent 1.86M $USDC to buy 195B $PEPE 12 hours ago and has now made an unrealized profit of $236K.https://t.co/TSngBKN2yC pic.twitter.com/Oszxx3nIO2
— Lookonchain (@lookonchain) May 14, 2024
Also positive is the aforementioned return of Keith Gill,
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