$PEPE How high can it go in the short and long term once the bull recovery has begun? Here's what the data shows.

PEPE has been in a general downtrend since May. However, PEPE could retest its previous ATH at some point in the coming months.

Pepe [PEPE] bulls have been really showing up since the second week of September. Memecoin is now on track to end the month in the green. But can it maintain its current momentum and what can we expect in October?


PEPE has been in a general downtrend since May. The price bottomed out in the $0.00000897 price range multiple times. As a result, the price stabilized in that range, followed by some upside momentum. The above findings suggest that most holders were reluctant to sell below that range. This therefore provides a local bottom from which we can make short-term and long-term PEPE price predictions. Memecoin has so far increased 42% from its September low to a press-time price of $0.00000908.


PEPE Short Term Price Prediction The Fibonacci retracement puts PEPE’s next major price target between $0.00001153 and $0.00001287. This is based on the current 5-month low and 5-month high. This means PEPE could rise another 26% to its lower price target and over 40% to its higher price target.

PEPE addresses by holding period may support the short-term prediction. The number of addresses holding PEPE for more than 1 year has increased since April. This confirms that most of the buyers (nearly 85,000 addresses) who bought memecoin more than a year ago are still holding. We also observed a slight decrease in the cruiser category, which suggests that scalpers have sold some coins. However, the addresses in this category have increased and are now more than at PEPE’s peak in May. There were around 183,000 addresses at the May peak but the number of cruiser addresses has exceeded 196,000 according to the latest data on September 25. The number of traders has decreased from over 62,000 addresses in May but has since dropped below 17,000 addresses. This suggests that PEPE has undergone a shift towards holding for longer periods of time. An outcome that could result in less friction for buyers. In terms of PEPE’s long-term price prediction, memecoin could retest its previous ATH of $0.000017 at some point in the coming months, possibly by 2025.

However, the likelihood of this happening depends on whether the buyers come back strongly and create a big rally as expected. The latest recovery fits with the shift in market sentiment in favor of buyers this month.

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