With increased bullish sentiment in the memecoin category, the Pepe price has dominated the bull run this week. However, with a correction of 6.92% in the past 24 hours, the meme category is currently valued at $112.89 billion with a trading volume of $45.52 billion.
Are you one of many who are considering buying the Pepe memecoin before it achieves the $0.000030 mark? But concerned about its prospects? CoinPedia’s expert panel has made an in-depth report including the possible price targets just for you!
The Pepe price records 9 out of 11 green candles in the daily time frame this month. Notably, with a 2X return in the last seven days, the Pepe memecoin hit a new ATH of $0.00002524 on 14th November.
The Simple Moving Average (SMA) supports the Pepe price chart in the 1D time frame. This suggests an increase in the buying pressure for the meme coin in the crypto space.
By displaying a similar price trend, the MACD indicator has displayed a constant rise in the green histogram with its averages showing a sharp rise. This hints that this altcoin may continue dominating the memecoin rally in the upcoming time.
Maintaining the price above its resistance level of $0.0000220 will set the stage for this memecoin to head toward its upper resistance level of $0.0000260. Further, if the bullish sentiment intensifies, this could push the Pepe price toward its target price of $0.000030 in the upcoming time.
On the contrary, if the bullish sentiment fades, this could pull the Pepe meme coin toward its support level of $0.0000180. If the bulls fail to regain momentum at that point, this Ethereum-based memecoin may plunge toward its lower support level of $0.0000140.
Curious to find out the possibilities of the 3rd largest memecoin achieving a new ATH, Read Coinpedia’s Pepe Price Prediction. Also, subscribe to us to stay updated on the latest crypto news!
With an intraday surge of ~2%, this memecoin is currently valued at $0.00002121.
Memecoins are highly volatile, making them a high-risk investment.
With a 2X surge this month, the Pepe price is closely monitored by many whales, institutes, and retail investors.
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