Pepe Coin

Pepe

Pepe Coin price prediction: The frog-themed <a href="https://coingape.com/best-memecoin-presales/">meme coin</a> increased by 76% in the past four days and hit an all-time high price of $0.00001577. Consequently, its market cap also surged to $6 billion for the first time suggesting interest is higher among investors. Moreover, the meme coin frenzy is having a comeback and PEPE appears to be charging towards the top spot in the sector. 
PEPE’s price later cooled off and is currently sitting at $0.00001379 as per <a rel="nofollow" href="https://coinmarketcap.com/currencies/pepe/">CoinMarketCap</a>. This represents a 4.3% decrease in the past 24 hours and a 38.9% increase in the past 7 days. 
<h2 id="span-style-font-weight-400-pepe-coin-price-prediction-bullish-momentum-is-high-as-pepe-eyes-another-all-time-high-span">PEPE Coin Price Prediction: Bullish Momentum is High as PEPE Eyes Another All-Time High</h2> 
<figure id="attachment_198613" aria-describedby="caption-attachment-198613" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-198613" src="https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-1.jpeg" alt="Pepe price chart | TradingView" width="1280" height="565" srcset="https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-1.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-1-300x132.jpeg 300w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-1-1224x540.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-1-768x339.jpeg 768w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-1-150x66.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-198613" class="wp-caption-text">
 PEPE Price Chart | TradingView
 </figcaption>
</figure> 
<a href="https://coingape.com/pepe-price-rally-smart-trader-nabs-1200-profit-trading-pepe-coin/">Pepe’s price</a> consolidated from May 13th to May 21st before eventually breaking out of the range in an explosive move. The main catalyst for this move was attributed to the spot <a href="https://coingape.com/bitcoin-news-maxi-deems-ethereum-etf-incredibly-bullish-for-btc-heres-why/">Ethereum ETF</a> approval. Being an ERC20 token, this news was key in pushing the frog-themed coin’s price higher. 
Pepe’s price action is still bullish as the bulls move to take a stand against the bears’ attempt to push the price lower. Relatively strong support has formed around the $0.00001380 level, already tested twice. 
On the other hand, <a href="https://coingape.com/trending/pepe-vs-floki-who-will-hit-0-001-first/">PEPE</a> price action is forming higher lows and higher highs, indicative of a rising uptrend.PEPE’s price is also above the 50-day and 200-day simple moving averages (SMA), which in itself, is a bulling signal.&nbsp; 
Key resistance levels to look out for as PEPE moves higher include $0.00001439 and $0.00001576. Above this price, PEPE will have gone into the price discovery zone. 
On the flip side, in the event bears take charge, key support areas would be at $0.00001108, and $0.00000777. 
<h2 id="pepe-price-prediction-a-buying-opportunity">PEPE Price Prediction: A Buying Opportunity</h2> 
<figure id="attachment_198614" aria-describedby="caption-attachment-198614" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-198614" src="https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09.jpeg" alt="Pepe chart | TradingView" width="1280" height="565" srcset="https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-300x132.jpeg 300w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-1224x540.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-768x339.jpeg 768w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-15.55.09-150x66.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-198614" class="wp-caption-text">
 Pepe chart | TradingView
 </figcaption>
</figure> 
After an impulsive surge, PEPE’s price retraced by 12.55% to its current level of $0.0000137. This correction may push the price into the accumulation zone between $0.00001108 and $0.00001300. 
PEPE is likely to rally further, as on-chain analysis firm <a rel="nofollow" href="https://santiment.net/">Santiment</a> reports that active addresses holding PEPE surged from 3,600 to 12,000 between May 21 and May 22. A similar spike in PEPE-holding wallets was observed around mid-May. 
<figure id="attachment_198615" aria-describedby="caption-attachment-198615" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-198615" src="https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-16.31.40.jpeg" alt="PEPE Active Addresses | Santiment" width="1280" height="433" srcset="https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-16.31.40.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-16.31.40-300x101.jpeg 300w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-16.31.40-1224x414.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-16.31.40-768x260.jpeg 768w, https://coingape.com/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-24-at-16.31.40-150x51.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-198615" class="wp-caption-text">
 PEPE Active Addresses | Santiment
 </figcaption>
</figure> 
Additionally, according to PEPE’s Market Value to Realized Value (MVRV)&nbsp; of 39%, all investors who bought Pepe last month are up 39% in profit. 
When the MVRV is high, it usually indicates that a large number of investors are still holding the bag. This in itself is a sell signal, as investors could dump at any moment. This is unlikely to be the case for the meme coins during a bull run, investors have more confidence and are less likely to sell. 
The post <a href="https://coingape.com/markets/pepe-coin-price-forecast-after-a-76-surge-is-0-0001-the-next-target/">Pepe Coin Price Prediction As Meme Coins Surge: Here’s Why 0.0001 Is The Next Target?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Pepe Coin Price Prediction As Meme Coins Surge: Here’s Why 0.0001 Is The Next Target?

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