Pepe Price Prediction: Will PEPE be the next Dogecoin in 2024?

Pepe Price Prediction: PEPE, an Ethereum-based meme coin, has seen a notable increase in price, reaching an all-time high following a significant increase in market activity. In the last 24 hours, the price of Pepe rose 24.65%, reaching US$0.00001383. This increase boosted its market value to US$5.82 billion, placing it in 21st position among cryptocurrencies. Investors appear to have turned to PEPE while divesting from older meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB).

Trading volume in the last 24 hours also showed a substantial jump, rising 89.75% to US$4.43 billion, which represents 76.14% of its market value. The circulating supply remains at 420.69 trillion PEPE, which is the total and maximum supply of memecoin.

Pepe Price Prediction: What’s Next for the Popular Memecoin?

The Pepe meme coin has experienced a notable uptrend this week, reaching new highs driven by strong bullish momentum. The increase in commercial activity demonstrated robust market confidence in Pepe's continued growth.

Last week, Pepe coin rose more than 21%, with a monthly increase of more than 119%.

Technical indicators show bullish momentum.

The current uptrend has pushed Pepe coin past the $0.000015 resistance level, suggesting a potential upward trajectory. If the bullish momentum continues, Pepe could reach targets of $0.00003 and even $0.00005.

However, if bearish forces regain control, Pepe could fall to support levels at $0.000013 or below $0.000012. These possible changes highlight market volatility and the opportunities that exist in Pepe's price movements.

The 24-hour technical indicators for PEPE/USD on the chart reveal a bullish signal. The Awesome Oscillator (AO) currently reads 0.000002674, indicating bullish momentum as it shows green bars.