Future

Pepe

NEXT GEN PEPE

Pepe Price Prediction: PEPE, an Ethereum-based <a href="https://coingape.com/trending/top-5-meme-coins-with-100x-potential-in-2024/">memecoin</a>, has seen a significant surge in its value over the past 24 hours. The memecoin is currently hovering above $0.000015, indicating a bullish trend. At the time of writing, <a href="https://coingape.com/price/pepe-coin/">PEPE&nbsp; price</a> is trading at $0.00001539, reflecting a 5.43% increase within the last day. 
This impressive rise has boosted PEPE’s market cap to $6.48 billion, earning it the 19th spot in the market rankings. Despite a 3.54% decline in 24-hour trading volume, which now stands at $2 billion, PEPE’s volume-to-market cap ratio remains robust at 31.95%. The circulating supply of PEPE tokens is 420.69 trillion, reflecting the extensive reach and popularity of this memecoin. 
The <a href="https://coingape.com/blog/3-top-performing-memecoins-today/">top meme coin,</a> Pepe, reached a new high of $0.00001718 on May 27, 2024, driven by strong bullish momentum. Increased trading activity shows robust market confidence in Pepe’s continued growth. Since then, the coin has seen slight corrections.&nbsp; 
<h2 id="span-style-font-weight-400-pepe-price-prediction-can-the-memecoin-maintain-its-upward-trend-span">Pepe Price Prediction: Can the Memecoin Maintain Its Upward Trend?</h2> 
Over the past week, Pepe surged by over 3%, with a monthly increase exceeding 149%, indicating a sustained bullish trend. Pepe’s price has fluctuated between $0.00001718 and $0.000015, showing a tight trading range. 
<figure id="attachment_200022" aria-describedby="caption-attachment-200022" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-200022" src="https://coingape.com/wp-content/uploads/2024/06/PEPEUSD_2024-06-01_10-51-09-e1717232090905.png" alt="Pepe Price Prediction: Is PEPE on Track to Hit $0.00005 by Month-End?" width="1200" height="653">
 <figcaption id="caption-attachment-200022" class="wp-caption-text">
 Pepe Price Prediction
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The Meme coin <a href="https://coingape.com/markets/pepe-price-prediction-as-3-5b-trading-volume-rushes-in-next-pepe-target-0-0001/">Pepe price</a> has shown remarkable performance, outpacing major market participants in a recent analysis. Its market value surged past $6.2 billion, surpassing the total value of all top NFT collections.&nbsp; 
This makes PEPE the third-largest meme coin. Notably, PEPE’s market cap is 10% higher than the combined value of the leading NFT collections. Despite this achievement, <a rel="nofollow" href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22pepe%22%2C%22ticker%22%3A%22PEPE%22%2C%22from%22%3A%222023-12-01T20%3A59%3A59.601Z%22%2C%22to%22%3A%222024-06-01T20%3A59%3A59.601Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%5D%7D%5D">Santiment data </a>indicates that cash inflows and outflows for PEPE have declined over the past three days, suggesting a possible downturn. 
<h2 id="span-style-font-weight-400-technical-indicators-and-future-outlook-span">Technical Indicators and Future Outlook</h2> 
With the bullish momentum around <a href="https://coingape.com/markets/pepe-price-prediction-is-pepe-the-next-dogecoin-in-2024/">Pepe coin</a>, surpassing the $0.000016 resistance level could signal an upward trend. Increased pressure from the bulls might drive the price towards $0.000019 and potentially $0.00005. 
On the other hand, if bears gain control, Pepe could drop to support levels at $0.000015 or even down to $0.000014. These fluctuations highlight the market’s volatility and the opportunities within Pepe’s price movements. 
The daily technical indicators for PEPE reveal a mixed outlook for the cryptocurrency. The Relative Strength Index (RSI) stands at 64.73, approaching the overbought threshold of 70, indicating potential selling pressure if the trend continues. 
<figure id="attachment_200023" aria-describedby="caption-attachment-200023" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-200023" src="https://coingape.com/wp-content/uploads/2024/06/PEPEUSD_2024-06-01_09-21-49-e1717232173763.png" alt="Pepe Price Prediction: Is PEPE on Track to Hit $0.00005 by Month-End?" width="1200" height="653">
 <figcaption id="caption-attachment-200023" class="wp-caption-text">
 Pepe Price Prediction| Source: <a rel="nofollow" href="https://www.tradingview.com/x/AoklgYAY/">Tradingview</a>
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</figure> 
The Average Directional Index (ADX) is at 43.79, suggesting a strong trend in the market.&nbsp;The Awesome Oscillator (AO) indicator shows strong bullish momentum during this period, with a recent decrease suggesting a potential shift in market sentiment.&nbsp; 
The Moving Average Convergence Divergence (MACD) indicator also supports this observation. The MACD line crosses above the signal line, indicating a bullish trend. 
The post <a href="https://coingape.com/markets/pepe-price-prediction-is-pepe-on-track-to-hit-0-00005-by-month-end/">Pepe Price Prediction: Will PEPE Hit $0.00005 this June?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Pepe Price Prediction: Will PEPE Hit $0.00005 this June?

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