Pepe Price Prediction as PEPE Overtakes Fantom in Market Cap Rankings – Time to Buy?
The Pepe price has slipped by 4% in the past 24 hours, falling to $0.000007863 as the cryptocurrency market suffers a 1.5% drop today.
PEPE is now down by 10% in a week, yet the meme token holds onto an impressive 580% gain in the last 30 days.
Given its ability to rise disproportionately during rallies and bull runs, the coin should return to growth as soon as the market recovers some momentum.
And with PEPE recently climbing the market cap rankings and overtaking Fantom for 42nd place overall, it could easily build on such gains in the very near future.
PEPE’s indicators are reflective of a coin that has spent much of the past week falling, with the coin suffering from a lack of momentum right now.
Its 30-day average (yellow) looks as though it has flatlined and will begin falling towards (and below) its 200-day (blue), with a rebound not likely until it has fallen some distance below.
At the same time, the coin’s relative strength index (purple) has fallen below 50 this morning and looks to be heading towards 30.
This indicates a withdrawal of demand and interest as the market has corrected in the past couple of weeks, with PEPE (as a meme token) being particularly sensitive to fluctuations.
Nonetheless, the rallies of February and early March have been kind to PEPE, which was not even in the top-100 by cap in early February.
Whales also continue to hold onto the meme token, implying that many bigger and savvier traders expect the token to return to growth sooner or later.
This guy spent only $3,000 to buy 4.9T $PEPE($35.5M currently) in the early time!
He sold 760B $PEPE($2M) and currently holds 4.15T $PEPE($30.8M), and is the 13th holder of $PEPE!
His total profit on $PEPE is ~$32.8M, a gain of 11,077x!https://t.co/QTL7oxruTk
Read more on cryptonews.com
