$PEPE Returns with $2 Billion Trades—Can It Reach $1?

After yesterday's comeback, Pepe fell 1% to $0.00002038 as the cryptocurrency market fell 1% in 24 hours.

Following Elon Musk's boost earlier this week, PEPE is up 12.5% in the last week and 27% in the previous fortnight despite this dip.

PEPE is down 27% from its ATH of $0.00002803, but its long-term price projections are favorable, so it might return dramatically in the next weeks.

If the chart today is accurate, PEPE is rising.

The 30-period moving average (orange) has surpassed the 200-period average (blue) in the last hour, indicating growing momentum.

A golden cross usually signals a breakthrough, and PEPE is expected to rebound well after a difficult 30 days.

Also, its relative strength index (purple) is constantly over 50 today, indicating a positive short-term phase.

Its trade volume has also improved, rising from $1.2 billion to roughly $2 billion in recent days.

This indicates increased demand, and other experts noted that PEPE will surpass the 200-period EMA on its four-hour chart.


Many traders remain enthusiastic about the meme cryptocurrency, with some predicting its next significant objective is $0.000042.

While it hasn't seen any notable whale purchase in recent days, wealthy investors continue to own it in massive amounts, increasing its holding count.

When we consider the improving underlying picture, PEPE should rise in the next months.

The new President may issue crypto-related executive orders in his first few days, which might spark rallies after his January 20 inauguration.


PEPE might reach $0.00003 by Q2 and $0.000040 by the second part of the year in a bullish environment.

PEPE investors want the $1 price objective, but its present supply makes it unachievable.

A high PEPE team supply burn might increase the odds of reaching that level.

#PEPE #ElonMusk #Memecoins $PEPE