Pepe coin (PEPE) hit a yearly gain of 970.52% in the past year. What’s more! Pepe is still ahead despite the massive inflow of new meme crypto projects.
Considering its gains at key timeframes, speculations are rising that it could be gearing up for a $1 price soon.
Will PEPE investors see such a price change anytime soon? Recent price action and predictions based on technical indicators and market trends will explore this possibility.
Pepe Coin Short-Term Price Trend
PEPE recorded a 7.65% loss last month, indicating turmoil in the competitive crypto market. However, since early September 2024, the coin has hit higher price levels amid fluctuations
As of September 1, Pepe’s trading volume reached $385,811,661 for $0.00000715. In 6 days, the volume reached over $587 million, with its closing price at $0.000006636. On September 10, the coin gained to stand at $0.000007468.
PEPE trading volume is $406,443,632, while the market value shows a 5.11% increase to $0.000007369. Despite having no real-world utility, speculations project the meme coin, PEPE, to reach $1.
Market Experts Eye Pepe and Other Assets with Optimism
A tweet from revolutionary news handle @CoinEdition, acknowledged Pepe’s volatility and impressive performance so far.
🔸 While #Dogecoin and #ShibaInu have shown short-term gains, their monthly performance has been mixed.
🔸 #Floki and #PEPE have experienced significant price volatility, yet their long-term performance remains impressive.
To know more 👇🔗https://t.co/nwxLgRVs9g
— Coin Edition: Your Crypto News Edge ️ (@CoinEdition) September 9, 2024
According to the tweet, Pepe coin and Floki have faced significant volatility. However, their long-term trend remains impressive.
Coin Edition’s website also shared an outlook for PEPE and other assets from market experts. In the analysis, Pepe briefly dipped to $0.057132 before bouncing back, hinting at a potential recovery.
This price level is crucial as it could attract buyers if the market dips again. Looking ahead, $0.0574 is seen as a resistance point.
A push above this could indicate stronger upward momentum for Pepe. The experts also identified key levels for other memecoins, such as Shiba Inu and Doge.
For Shiba Inu, it experienced a short-lived drop to $0.0000130 before quickly rebounding. Dogecoin dropped to $0.0998 before staging a strong rebound, bringing it to $0.103.
Considering all indications, Pepecoin is set to record new price levels in the coming days to weeks. While it could reach $1, as speculated, it may take months to get PEPE at $1.
PEPE’s Overall Market Trend is Bearish – Is There Any Uptick Potential?
Pepecoin (PEPE) has fallen below the long-term moving Average (200-day Simple Moving Average), which implies an overall bearish market trend.
Again, PEPE’s price is below the 50-day Simple Moving Average (SMA) indicating that the market trend is bearish in the short term. This suggests a potential price loss for Pepe in the coming weeks.
On the other hand, it formed a green candlestick on the chart, indicating increased buying pressure in the market today.
Also, the Relative Strength Index (RSI) at 45.30 points upward, which implies that PEPE could gain more value. As such, the RSI could still gain and move to the overbought region (above 70) in the coming days.
Pepe (PEPE) Sits a Few Pips from The Resistance Level – What’s Next?
In the chart above, PEPE’s price is a few pips away from the resistance level of $0.00000777. In contrast, its support level is at $0.00000633. While the coin is bullish today, its position near the resistance level could trigger negative movements before the day ends.
If investors and traders start selling more units of PEPE at its current price of $0.00000726, this will trigger a further dip, decreasing the coin’s value.
However, if the coin breaks above this resistance, it could gain more to its value, potentially finding another resistance at $0.00000986.
Even though Pepe coin’s growth potential is within reach, investors can diversify their crypto investment portfolio with this new innovative GambleFi project, Meme Bet Token.
Meme Bet Casino ($MEMEBET) as a Suitable Alternative
This new project took off with a strong start and raised over $211,000 within 48 hours of its launch.
Memebet Casino is a betting platform based on Telegram. It allows users to wager using meme coins such as Pepe (PEPE), Dogecoin (DOGE), Floki (FLOKI), and Shiba Inu (SHIB).
The $MEMEBET token is the platform’s core currency. It offers a unique user experience, airdrop rewards, and exclusive access to features like the Memebet Casino Lootboxes.
Wager with Meme Tokens to Earn $MEMEBET – Presale Already Making Waves
The platform is designed for high-volume bettors, with incentives such as airdrops for users wagering with $MEMEBET tokens.
Early investors have a chance to purchase the token at a lower price during its presale, which has already attracted significant investments, including a $50,000 whale purchase.
The platform offers a diverse range of betting options, including casino games, slots, sports betting, and a play-to-earn (P2E) element, providing bigger rewards for those who wager more.
Early contributors can also receive a share of the 400 million $MEMEBET tokens allocated for airdrops, which will continue for regular players after the initial phase.
With meme coins booming and the iGaming industry projected to grow, $MEMEBET aims to capitalize on both trends, offering potential rewards for early adopters.
The presale began at $0.025 per token and is expected to increase soon. So, now is the time to grab millions of tokens and stand a chance to become the next memecoin millionaire.
Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.
