Pepe coin (PEPE) is currently consolidating at $0.00001038, reflecting a 2.57% decline over the past 24 hours. Despite this minor pullback, market sentiment remains largely positive, with 86% of traders expressing a bullish outlook. The coinâs market capitalization is $4.23 billion, although trading volume has dropped by more than 41%. Investors are closely watching the coinâs next move, with the Fear-Greed Index rising to 60, indicating a shift towards greed, which could signal a potential price breakout.
Technically, PEPE is holding above the 200-day Moving Average (MA), a key indicator of a possible uptrend. The Relative Strength Index (RSI) remains stable, suggesting that the coin could soon undergo a bullish reversal. After breaking out of the descending channel, PEPE has been trading within the ascending channel, suggesting that buyers are preparing for the next major price action. If current support levels hold, PEPE could move towards $0.000012 in the near term.
Looking ahead, analysts predict that PEPE could see a significant rally by the end of 2024. If the coin maintains its current momentum and breaks through key resistance levels, it could reclaim its September high and head towards $0.000014. As the coin continues to attract attention, especially among dog and cat-themed cryptocurrencies, a gradual rally seems likely, especially as selling pressure eases.
In 2025 and beyond, PEPE is expected to follow a steady upward trajectory. Projections suggest that the coin could reach $0.00004 by the first quarter of 2025, with a potential all-time high of $0.000045 by the end of the year. Although some periods of price decline are expected, the overall outlook remains optimistic for long-term investors who believe in the continued growth of the coin.
