Amid the ongoing market turmoil, the Pepecoin price has recorded a double-digit correction. Reportedly, the drop is witnessed following a whale dump. Moreover, with the price correction, this meme coin is on the verge of testing its important support level.
Will the price of Pepe make a strong bullish comeback this weekend? Or will this memecoin plunge toward its lower support levels? In this article, we bring you the possible short-term market sentiments, price analysis, and possible price targets of the Pepe (PEPE) crypto token.
Pepe Memecoin Retests Its Crucial Support Zone!
The Pepe price has dropped 11.21% in the past 24 hours with a trading volume of $1.94 billion, a change of +61.48%. With this, the memecoin has erased all its gains and currently records a YTD return of -6.89%. With a market cap of $7.65 billion, this altcoin has secured the 24th position.
The EMA 50-day has recorded a bearish convergence in the Pepe price chart, highlighting an increase in the negative influence. However, the 200-day EMA could act as a support to the price trend in the 1D time frame.
Moreover, the RSI indicator drops below the neutral point, suggesting a strong bearish price action for the meme coin in the market. Moreover, with its average trendline experiencing a negative convergence, the Pepe coin price may continue losing momentum this week.
Will Pepe Coin Price Reclaim $0.000020 Mark?
If the bulls hold the Pepe crypto token above its important support of $0.0000180, it will prepare to retest its resistance level of $0.0000220. Maintaining the price above that level could set the stage for it to head toward its upper high of $0.0000250.
On the flip side, an intensified bearish action could result in this memecoin plunging toward its lower support level of $0.0000140 this month.
Wondering if the price of Pepe will achieve a new ATH this year? Read CoinPedia’s Pepe Price Prediction to uncover the mysteries!
FAQs
The Pepe memecoin is presently trading at a discount of 35.48% from its ATH, indicating a strong bullish outlook.
If the bullish sentiment sustains, this altcoin could conclude the year 2025 with a potential high of $0.0000731.
By 2030, the price of Pepe tokens could range between $0.000123 and $0.000159.
Earn more CFN tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://cryptoforum.news0
CFN Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed