Will the price of PEPE rise or fall?
Now everyone wants to buy PEPE, so the market believes that PEPE is very popular. There is something called the Relative Strength Index (RSI) which tells us that since many people want to buy PEPE, its price continues to rise. There are also some other technical indicators, such as MACD and Historical Volatility Index, which also show that the price of PEPE will rise.
PEPE price is now showing upside potential in the short and long term. In particular, when it is halved (production decreases) and altcoins (other similar cryptocurrencies) start to be active, the value of PEPE may increase several times. Some experts predict that the price of PEPE will rise 10 to 15 times this year and may reach $0.0002 by 2025.
Investors are also optimistic about PEPE, and their expectations for PEPE are higher than before.
In fact, PEPE's price has risen faster than all other cryptocurrencies this year. It even outperforms Bitcoin, which has now surpassed $70,000 and is targeting a rise to $73,750.07. Because they are concerned that PEPE will continue to rise like last year, investors continue to buy even if they see that PEPE prices are high.
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Next, we will see if PEPE can maintain its momentum in the cryptocurrency market in the coming days and weeks.