Can PEPE Price Surge Any Higher? Technical Indicators Indicate Pullout?
PEPE is at its peak and on the verge of falling, but the buying pressure is holding the price high. Check-out what these technical indicators says about PEPE price.
PEPE or Pepe coin is moving up
like a rocket to the moon as the PEPE price has doubled to the value it had two weeks ago. In these two weeks, the PEPE price has formed multiple peaks, one higher than the previous, creating numerous new all-time high records. This is the first time PEPE has surged this much, creating a distinct hype around it. So, is it the end, or this meme coin can rise any higher?
The improvements aren’t only its price as PEPE has moved to 19th position on CoinmarketCap for its market capitalization of $7.09B. Moreover, the number of address holdings has also increased with raised demand.
Will PEPE Price Surge or Decline Next?
The market is still bullish for PEPE as the buying demand is much higher for PEPE. The Relative strength index (RSI) indicates the overbuying zone fueling its rice rally with constant gains. Moreover, the technical indicators, including MACD and the historic volatility index, display a bullish trend.
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Up to now, PEPE price has revealed short-term as well as long-term growth potential. The value can increase multiple folds with the upcoming post-halving rally and the altcoin season. Many analysts have claimed to see the PEPE price surge at least 10 -15 times this year to reach the target of $0.0002 by 2025.
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The investors are also calling for PEPE, but the expectation is higher than ever.
PEPE price growth this year is the highest among any other cryptocurrency. It even has left behind Bitcoin, which has surged to above $70K, aiming for its all-time target of $73,750.07. With the fear of PEPE repeating its last year’s history, the investors are still bullish on PEPE and are buying more even at this high price. It must see how PEPE can mold its image in the crypto market in a few days and weeks.
What are your thoughts on $PEPE ?