PEPE Price Prediction: Big Rally Coming as Daily Trading Volume Exceeds DogWifHat?
PEPE has fallen 3.86% in 24 hours to $0.00001509 amid a crypto market pullback.
After a brief setback, PEPE gained 26.30% weekly, extending its 126.30% monthly gain.
PEPE outperformed BTC, ETH, and SOL last year with a 1,135.41% gain.
This high performance suggests PEPE investor interest is broad.
PEPE's 24-hour trading volume hit $2.50 billion, exceeding DogWifHat's $821 million, suggesting a rebound despite the price fall.
The meme coin's 24-hour trading volume rose to $2.50B last week, suggesting a comeback.
Returning from All-Time High, Pepe May Rally?
After falling early this morning, PEPE may be rallying.
Technical analysis of PEPE pricing. Source: Binance.
In the previous 24 hours, its purple relative strength index fell from 65 to 15. PEPE is oversold, suggesting it may be cheap and ready to rise.
PEPE just fell below its week-long positive trendline (Yellow), indicating diminishing bullish momentum. If this slump continues, it may suggest a downtrend.
The meme coin's 30-day moving average (orange) is rising above the 200-day (blue), extending last week's pattern. The lack of a significant crossing below the 200-day average signals a continuing rising.
This negative price activity may indicate a short-term correction in an uptrend. If the price rebounds rapidly and gets above the trendline, the uptrend may continue.
PEPE's trade volume rose 12% last week to 2.50B, supporting this stance. Trader interest has surged.
At $821.07M, Pepe's 24-hour volume surpasses DogWifHat's. With WIF down 8.71% in the previous month, traders are switching to PEPE, which is still rising.
When the market starts up, PEPE may see higher price rises. This might happen next month when the freshly authorized Ethereum ETFs debut. In anticipation of large inflows, Pepe may require a brief adjustment.
