Pepe price prediction: 35% rally

Pepe's price closed above the declining trendline on Thursday, aiming for a rally.

Due to PEPE's active dormant wallets and above-one long-to-short ratio, on-chain data suggests a bullish rise.

A daily candlestick closing below $0.0000069 would disprove bullishness.


After breaking over the falling trendline and resistance barrier on Thursday, Pepe (PEPE) rises on Friday. PEPE's dormant wallets are moving, and the long-to-short ratio is over one, indicating a rally.



Pepe price may rally.
Pepe price closed above the daily resistance level of $0.0000078 on Thursday after breaking above the falling trendline (made by merging various high levels from July to September). It's trading higher at $0.0000083 on Friday.

PEPE may rebound 30% to restest its 61.8% Fibonacci retracement level at $0.0000104 (drawn from the July high to the August low) if it finds support at the trendline breakout level and prior daily resistance around $0.0000078.

The daily chart's bullish Moving Average Convergence Divergence (MACD) crossing supports PEPE's ascent. The MACD line (blue line) crossed the signal line (yellow line), signaling a buy. RSI trades above the neutral level of 50 and tilts upward, suggesting strong bullish momentum.

PEPE's on-chain data confirms bullishness. Coinglass's long-to-short ratio is 1.08, highest in a month. This means more traders expect the asset's price to increase.

Santiment's Age Consumed indicator supports the positive forecast. These index spikes indicate inactive tokens (those held in wallets for a long time) are moving and may be used to detect short-term local peaks or bottoms.

PEPE's stock rallied after the jumps, according to history. The latest rise on September 10 also predicted an upswing for PEPE.


A lower bottom on the daily time frame would invalidate the bullish thesis if Pepe's daily candlestick closes below $0.0000069. This would lower Pepe's price by 13% to retest $0.0000060 daily support.


#PEPE $PEPE FOMC #BTCReboundsAfterFOMC