Will PEPE Meme Coin Surge by Double Digits? Rumors Hint at a Retest of Its June Peak

Rumor has claimed that the price of meme coin (PEPE) might rise by double digits and retest its June peak

If PEPE's 4% rally holds, the meme currency can see its gains extended to above 18%.

While Shiba Inu and Dogecoin are following the meme coin rise, PEPE is leading the pack.

Possible re-entry to June 2024 highs for the frog-themed cryptocurrency.

The frog-themed cryptocurrency Pepe (PEPE), which is among the top 30 cryptocurrencies by market valuation, rose 4% throughout the day. While Dogecoin (DOGE) and Shiba Inu (SHIB), the other two leading meme currencies, are behind, the meme currency is likely ready for further increases and is leading the surge.

If PEPE's run continues, the meme currency might see gains of double digits and return to its June highs.

PEPE Prepares for 18% Gains
With gains of roughly 21% on Thursday, Shiba Inu spearheaded the meme coins' resurgence. As of this writing, PEPE has gained 4.45%, putting it in first place for the sector on Saturday. On Friday, Dogecoin and Shiba Inu both make little corrections.


The frog-themed cryptocurrency PEPE pulled out of its multi-month downtrend and is now trading at $0.00001118. The Fair Value Gap (FVG) ranges from $0.00001323 to $0.00001421, the lower limit of which PEPE may reach after a further 18.74% ascent.

Throughout August and the first few days of September, the price of PEPE encountered resistance at $0.00001169.


If PEPE were to look down, it may find support around the $0.00000393 low from April 13th and the $0.00001725 high from May 27th, which is the 50% Fibonacci retracement of the gain.

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