Can Pepe reach $1?
Pepe price rose by 2% in the last hour to $0.000008195 while the crypto market fell by 4% in the previous day.
PEPE is up 12% in a week and down 7% in a month, but it is up 1,100% in the previous year.
The slight rise comes as its trading volume approaches $1 billion, with whales resuming their accumulation of meme tokens in recent weeks.
This indicates price increases, especially as the market heats up towards the end of the year.
Today's massive jump in the coin has reignited enthusiasm after a slow week.
Its Relative Strength Index (purple) has risen above 60 after falling to 40 this morning, indicating buyers.
Today, its volume has increased, and its resistance (red) and support (green) levels are close to colliding - which is promising.
After a modest decline today, Pepe's price could rally later in the week.
After a quiet August, the meme coin has surged in recent weeks.
This suggests that whales expect PEPE to resume growth soon, and as one of the best performing coins in 2024, it has enough medium- and long-term momentum to end the year strongly.
You will benefit from the better market sentiment and the Fed's interest rate cut last week.
PEPE is expected to be the whales' favorite meme coin for some time, which means it will outperform its top 100 competitors.
Therefore, Pepe may reach $0.000010 next week and $0.000015 by the end of the year.
