Pepe Price Prediction as PEPE Becomes Best Performing Meme Coin – $1 PEPE Incoming?
The PEPE price has jumped by 7% in the past 24 hours, rising to $0.00001148 as the cryptocurrency market as a whole barely gains by 0.5% today.
PEPE is now down by 12% in the last seven days, yet it remains up by 22% in a month and by 1,100% in a year.
These gains have made PEPE one of the best-performing major meme tokens in recent months, with the coin continuing to attract interest from whales.
And given that the wider market has been on too much of a downtrend in recent weeks, its inevitable rebound could help PEPE see further gains very soon.
PEPE has moved into a bullish position after nearly a week of falling, with its indicators pointing to ongoing momentum.
Its relative strength index (purple) remains close to 60 after rising from 25 yesterday, signaling a return of buying pressure.
This is happening as the coin’s 30-day moving average (orange) has begun rising again after reaching an apparent bottom, with the indicator likely on course to climb over the 200-day (blue) soon.
In other words, we may be at the beginning of a breakout for PEPE, with the meme token also seeing its trading volume rise to almost $1 billion today, from just over $500 million a day or so ago.
The past few days have seen whales transfer PEPE to exchanges in readiness for selling, although the coin’s surge overnight shows that most people are buying rather than selling right now.
As the market fell, a $PEPE smart money deposited all 407.74B $PEPE($4.27M) into #Binance at a breakeven price 2 hours ago.
This smart money made $5.4M on 8 tokens before.https://t.co/Pw9FeS8KU8 pic.twitter.com/G2O1rvHbRX
— Lookonchain (@lookonchain) June 18, 2024
As such, we may have begun another accumulation period for PEPE, which has arguably been the meme coin for
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