bitcoin
Bitcoin (BITCOIN)
$119,580 1.96%
ethereum
Ethereum (ETHEREUM)
$3,287 7.22%
binancecoin
BNB (BINANCECOIN)
$701.91 2.36%
solana
Solana (SOLANA)
$172.67 6.90%
ripple
XRP (RIPPLE)
$3.02 3.44%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 3.64%
pepe
Pepe (PEPE)
$0.000014 8.85%
bonk
Bonk (BONK)
$0.000036 19.72%
bitcoin
Bitcoin (BITCOIN)
$119,580 1.96%
ethereum
Ethereum (ETHEREUM)
$3,287 7.22%
binancecoin
BNB (BINANCECOIN)
$701.91 2.36%
solana
Solana (SOLANA)
$172.67 6.90%
ripple
XRP (RIPPLE)
$3.02 3.44%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 3.64%
pepe
Pepe (PEPE)
$0.000014 8.85%
bonk
Bonk (BONK)
$0.000036 19.72%
bitcoin
Bitcoin (BITCOIN)
$119,580 1.96%
ethereum
Ethereum (ETHEREUM)
$3,287 7.22%
binancecoin
BNB (BINANCECOIN)
$701.91 2.36%
solana
Solana (SOLANA)
$172.67 6.90%
ripple
XRP (RIPPLE)
$3.02 3.44%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 3.64%
pepe
Pepe (PEPE)
$0.000014 8.85%
bonk
Bonk (BONK)
$0.000036 19.72%
Disclosure
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PEPE Price Prediction – PEPE Eyes $0.000014 as Bulls Take Control

Highlights:

  • PEPE is trending towards the $0.00001315 resistance
  • Breaking the $0.00001315 could push PEPE to $0.000014 
  • Declining PEPE reserves on exchanges could help drive the price higher 

PEPE (PEPE) is sending bullish signals on a day that the Ethereum ecosystem is showing signs of a price rally. When going to press, PEPE was trading at $0.00001293, up by 6.82% in the day. PEPE trading volumes are also on the rise during the day. When writing, trading volumes had shot up by 28.21% to a high of $1.75 billion. 

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Combining bullish price action and rising volumes indicates rising investor interest in PEPE. As such, it could be an early indicator that PEPE could be headed higher in the foreseeable future. Besides the intraday price dynamics, several other factors support a rally in the price of PEPE in the short term. 

Broader Market Momentum Favors More Upside for PEPE Price

One of them is that the broader cryptocurrency market is turning bullish. In the last few days, Bitcoin has made new highs and is sending signals of a possible rally to $150k. Ethereum has also been sending positive signals after many months of sluggish performance. Ethereum has crossed the $3000 mark, and with the momentum not slowing down, $4000 could be the next target.

As the top two cryptocurrencies continue to gain upside momentum, investors looking to make the most of altseason are likely to pivot more towards meme coins. That’s because meme coins have tended to deliver the most returns in past bull cycles. In this context, PEPE, one of the better-known meme coins, could see a buildup of FOMO that could send it to new all-time highs.

PEPE Is Time-Proven, Which Makes It Attractive to Investors

Still, in the broader market context, PEPE has an element of credibility that most meme coins do not have. Unlike many meme coins built around a personality, PEPE is community-driven. The tokens are also highly dispersed across thousands of holders. This protects PEPE from the risks many meme coins face, including fraudulent teams, rug-pulling holders, or a scandal involving a founder hurting the price.

PEPE’s credibility is also enhanced by the fact that it has been around through multiple ups and downs. Many meme coins only come up in one cycle and fold once the downturn starts. PEPE has not only been around for a while but has also shown relative strength relative to most cryptocurrencies in market downtimes. This factor could see PEPE draw a sizeable flow of capital into meme coins, now that the bull run appears to be kicking off. 

PEPE Reserves On Exchanges Are In Decline

PEPE could also benefit from data indicating that whales are accumulating it. On-chain data shows that PEPE whales are buying and moving their holdings to cold storage wallets. Such moves usually happen when investors expect the price to go up. This likely skews sentiment in favor and could trigger retail FOMO, especially if the price starts pumping. At the same time, it skews demand and supply dynamics in a way that could trigger a supply shock and send the price rocketing to new highs.

Technical Analysis – PEPE Price Trending Towards Critical Resistance

PEPE has been edging higher for the last 24 hours. However, it is showing signs of consolidation as it approaches the $0.00001315 resistance. If bulls, buoyed by the broader market, push PEPE through the $0.00001315 resistance, then a rally to $0.000014 could follow in the short term.

PEPE
Source: TradingView

However, if bulls lose the momentum before breaching the $0.00001315 resistance, then a correction back to the $0.00001181 support could follow. Of these two scenarios, a rally through the $0.00001315 is more likely. That’s because bullish sentiment is rising across the market, and this momentum is also building up around PEPE.

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