The cryptocurrency market has dropped 2.31% in 24 hours, with a trading volume of $343.44 billion. Following this, the Bitcoin price has failed to hold its value above the $98k mark. This has resulted in it retesting its low of $94k today.
Despite the ongoing market turmoil, the Pepe price has maintained its bullish price rally and has achieved a new ATH this week. Will the PEPE token lead the memecoin rally this altcoin season?
Pepe Memecoin Records Increased Bullish Price Action!
The Pepe coin price has surged over 25% in valuation in seven days and has 2xed its investor’s portfolio during the last 30 days. Furthermore, with a Year-to-Date (YTD) return of +1,887.68%, this memecoin is currently one of the best-performing projects of the Ethereum ecosystem.
Moreover, it has formed a bullish ascending triangle pattern in the 1D time frame and has continued trading in it since mid-November. With a market capitalization of $10.73 billion, this memecoin has secured the 20th position in the market.
Pepe Memecoin Technical Sentiments
The Simple Moving Average (SMA) constantly supports the PEPE coin price chart in the daily time frame. This suggests a strong bullish sentiment for the 03rd largest meme coin in the crypto space.
On the other hand, the Relative Strength Index (RSI) displays a bearish curve toward the overbought range. Moreover, the average trendline records a high possibility of a negative crossover this week. This highlights a mixed-price outlook for it in the market.
Will PEPE Price Hit $0.000030 This Week?
If the bulls maintain Pepe’s value above the support level of $0.0000260, it will surpass its all-time high and head toward its $0.0000280 level. If the bullish sentiment intensifies, this altcoin could achieve its target price of $0.000030 this December.
Conversely, if the bears overpowered the bulls, the Pepe coin price could retest its support zone around the $0.0000240 level. If the bulls fail to regain momentum at that point, this meme coin could plunge toward its low of $0.0000220.
To find out answers to questions like Can Pepe Coin reach $1? Read our Pepe Price Prediction until 2030. Also, subscribe to us to get notified first about the latest crypto news!
FAQs
For the Pepe coin price to achieve this target, it will need a surge of 38,78,876%. Hence, it is impractical for this project to achieve the mentioned price target.
With a 24-hour change of +1.97%, the Pepe crypto token is presently exchanging hands at $0.00002578.
If the adoption increases and the AltSeason kickstarted, this project could reach a maximum price of $0.00007318.
