Pepe

Although it has appeared on the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> only recently, Pepe (<a href="https://finbold.com/topic/pepe/" rel="noopener noreferrer nofollow">PEPE</a>) has won over many meme <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> fans. As such, it has threatened to overshadow the likes of Dogecoin (<a href="https://finbold.com/cryptocurrency/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a>) and Shiba Inu (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>), but judging by the machine algorithm projections, its price movements in the near future might not be as impressive.Indeed, the machine learning algorithms deployed by the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> monitoring and forecasting platform PricePredictions have <a href="https://pricepredictions.com/forecast/pepe" rel="noopener noreferrer nofollow">projected</a> that the price of Pepe on July 1, 2023, could decrease to $0.000001585, according to the information accessed by Finbold on June 26.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f3dd1dce29d44126ae717a24c3475de1.png" />Pepe 7-day price forecast. Source: <a href="https://pricepredictions.com/forecast/pepe" rel="noopener noreferrer nofollow">PricePredictions</a>If the above projections, generated using indicators such as the moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), relative strength index (<a href="https://finbold.com/guide/rsi-indicator/" rel="noopener noreferrer nofollow">RSI</a>), Bollinger Bands (<a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">BB</a>), and others, prove correct, they would represent a 1.06% decrease to the current price of Pepe, which at press time stood at $0.000001602.<h2 id="header-0">Pepe price analysis</h2>As a matter of fact, the above price represents a 0.91% increase on the day, a significant 71.30% gain across the previous week, and a 10.67% advance on Pepe’s monthly chart, as per the most recent data seen by Finbold on June 26.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9dc6351079994dcaa7e5e5c86bee2a2e.jpeg" />Pepe 30-day price chart. Source: <a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">CoinMarketCap</a>Meanwhile, the 1-day technical analysis (<a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">TA</a>) gauges over at the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> and crypto analytics platform TradingView are also <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> on this asset, suggesting a ‘buy’ at 10 on their <a href="https://www.tradingview.com/symbols/PEPEUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">summary</a>, which is the result of <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> standing in the ‘neutral’ zone at 8 and moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>) showing a ‘strong buy’ at 9.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/252196d79c394b4d9dc688c7c6fc5a98.png" />Pepe technical analysis 1-day gauges. Source: <a href="https://www.tradingview.com/symbols/PEPEUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>All in all, whether the above predictions for Pepe’s future price come true will depend on multiple factors, including the recent <a href="https://www.binance.com/en/support/announcement/binance-flexible-loan-has-delisted-pepe-as-a-borrowable-asset-edebf68609a6495886c349fe7cbc355f" rel="noopener noreferrer nofollow">delisting</a> as a loan asset by the <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto trading</a> platform <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a>, which might be one of the factors that could push its price down.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Machine learning algorithm sets PEPE price for July 1, 2023

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