PEPE Price Analysis
Pepe Coin, a digital currency inspired by the famous internet meme Pepe the Frog, has gained recognition as a meme coin. While most meme coins are created for fun, a few, like Dogecoin, have managed to gain significant value and a dedicated following. Similarly, Pepe Coin has found its place in the world of cryptocurrency.
On April 16, 2023, Pepe Coin entered the market without any pre-sale or promotional activities. It appeared out of nowhere, resembling a unique Pepe. To everyone’s surprise, it experienced a massive surge in both value and popularity, skyrocketing by an astonishing 20,000% in just four days.
Current Price
As of 29 May 2024, PEPE is currently priced at $0.00001417, and its trading volume in the last 24 hours reached an impressive $932,602,521.22. Unfortunately, the price has experienced a decline of -5.72% within this period and a -10.65% decline over the past 7 days. With a circulating supply of 420 Trillion PEPE, the market cap of Pepe stands at $5,970,564,248.
PEPE’s Technicals
The price is facing rejection at the resistance trendline of the ascending channel. Currently, further consolidation within the channel is expected.
To enter the market, consider waiting for a breakout above $0.000017 for a confirmation of the uptrend continuation. Alternatively, look for a retracement towards the $0.000013 support level for a swing trade opportunity with a potential upside of +30% back to $0.000017.
Keep an eye on the all-time high (ATH) level of $0.0000173, as breaking above it could lead to further resistance levels at $0.0000184, $0.0000198, $0.0000215, and $0.0000266 based on Fibonacci Extensions.
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Price History
Over the past week, PEPE has experienced a downtrend, resulting in a decrease of 10.6%. Pepe has been displaying remarkable potential in recent times.
In the past month, PEPE’s price surged by 79.1%, contributing a significant $0.000014 to its value.
PEPE hit its lowest price at $0.075514 on Apr 18, 2023, approximately a year ago. The current price is now a whopping 25,550.74% higher than that record low.
Whereas reached its peak price of $0.00001717 on May 27, 2024 (6 days ago). Right now, the current price is 17.60% below that record high.
Price Prediction
The price of PEPE in the month of June 2024. Pepe is projected to have an average rate of $0.0000184 in June 2024, with potential minimum and maximum prices of $0.0000146 and $0.0000223.
Endnote
To sum up, despite recent declines, PEPE’s past performance and future price trends indicate that it is still a significant player in the cryptocurrency market. Investors should keep a close eye on resistance levels and market movements to find the best entry points, considering the substantial growth potential that PEPE has shown.
