PEPE price prediction – Here are the odds of memecoin holding on after new ATH
PEPE recently saw an exponential rally of over 250%, hitting a new all-time high (ATH) of $0.0000284 on 9 December. This explosive growth coincided with the broader memecoin supercycle and Bitcoin’s sustained bullish sentiment on the charts.
At press time, PEPE was trading at $0.0000239, with its 20-day EMA providing strong support to the recent correction. A consistent rebound from this level could propel the price into a price discovery phase, potentially finding a newer ATH.
Critical levels to keep an eye on
Support: The $0.000018-$0.00002 range, aligned with the 20-day EMA, is a critical support zone for buyers. A dip below this range could invalidate the prevailing bullish trend, exposing the token to downside risks towards $0.000015.
Resistance: A decisive close above the $0.000025 resistance could set the stage for buyers to push towards the $0.0000284 ATH. Breaching this level could open doors to an extended uptrend towards $0.00003.
Technical indicators suggested cautious optimism. The RSI, at press time, was hovering near 61 – A sign of moderate bullish momentum. While it seemed to be far from overbought territory, the possibility of a consolidation phase near these press time levels cannot be ruled out.
The MACD was also yet to see a full bearish crossover, hinting at potential near-term pressure on sellers. However, traders should wait for the Signal line to stabilize before predicting a trend reversal.