As meme coins take a V-shaped reversal, the crypto market anticipates a bullish rally ahead. Amid the increasingly bullish chances, PEPE shows a recovery run ready for a cross above $0.000012.
As of early October 2024, Pepe Coin (PEPE) is showing a mixed but largely bullish sentiment in the market. After a 49.43% gain in the last 30 days, it has remained relatively strong despite volatility. The current price is hovering around $0.00001053, which is a slight increase from previous weeks
$PEPEUSDT
With a falling wedge breakout rally in the daily chart, the PEPE coin resurfaced above the $0.000010 psychological mark. However, the broader market sell-off dumps the PEPE price to $0.0000099.
From a technical perspective, most indicators are signaling a positive trend. About 84% of technical indicators suggest a bullish outlook, although a few bearish signs remain, primarily based on moving averages.
Coinpedia’s PEPE price forecast expects the community to explore new avenues and lead to a new high by the end of this year. So, based on our analysis, the price of PEPE in 2024 should range between $0.0000055 to $0.000127396. Additionally, the average price of PEPE should be around $0.0000146198.
