Pepe Price Prediction as PEPE Bounces Off From Long-Term Support Level – 100x Potential?

cryptonews.com:

The PEPE price has dropped by 1% in the past 24 hours, falling to $0.00000123 on a day when the cryptocurrency market as a whole has also fallen by close to 1%.

PEPE is actually up by 1.5% in the last seven days, after it bounced off its long-term support level, yet the meme token remains down by 18% in the past month and by 71% since reachng an all-time high of $0.00000431 in early May.

It's, therefore, possible that the coin could be in for a large recovery, given how much ground it has lost since May, yet it could just as easily be argued that it lacks the fundamentals to ensure sustained growth.

PEPE remains up compared to where it was a couple of days, after it bounced off the $0.00000110 support level, and its indicators appear to suggest that it could rise further after stumbling a little today.

Its relative strength index (purple) has resumed rising towards 70 after a dip overnight, suggesting its momentum can still increase before it has to come back down again.

Also encouragingly, PEPE's 30-day moving average (yellow) is now rising distinctly towards its 200-day average (blue), with the coin's price having plenty of space to rise before the shorter-term average passes its longer-term counterpart.

And even though the meme token's support level (green) had been falling consistently over the past couple of weeks, its price has bounced substantially beyond its previous support, suggesting that it may have consolidated around a higher base.

This is good news for PEPE, which could therefore be expected to rise higher, to $0.000001750 or so, before its current rally runs out of steam.

As highlighted in the tweet above, there is some indication that whales continue to buy PEPE, which they've recurringly used as a vehicle for