Will PEPE Price Increase or Decrease?
Nowadays everyone wants to buy PEPE so the market thinks PEPE is very popular. There is something called the Relative Strength Index (RSI) that tells us that because more people want to buy PEPE, its price continues to rise. There are also several other technical indicators such as MACD and Historical Volatility Index that also suggest PEPE price will increase.
PEPE prices are currently showing upside potential in the short and long term. Especially when it halves (yield decreases) and altcoins (other similar cryptocurrencies) start to take off, the value of PEPE can increase many times over. Some experts predict PEPE prices will increase 10 to 15 times this year and could reach $0.0002 by 2025.
Investors are also optimistic about PEPE and their expectations for PEPE are higher than before.
In fact, the price of PEPE has increased faster than all other cryptocurrencies this year. It is even outperforming Bitcoin, which has now surpassed $70,000 and is targeting a rise to $73,750.07. Because they are worried that PEPE will continue to increase in price like last year, investors continue to buy even when they see high PEPE prices.
Next, we will see if PEPE can maintain its momentum in the crypto markets in the coming days and weeks.