Pepe price has risen 2% in the last hour to $0.000008195, as the crypto market has fallen 4% in the previous day. Over the past week, Pepe price is up 12%, while it has fallen 7% in the month, but it is still up a whopping 1,100% in the past year.
This slight rise reflects a resurgence of interest from whales who have resumed accumulating meme tokens in recent weeks, increasing the likelihood of a continued price rally, especially as market activity increases towards the end of the year.
Today’s rally has rekindled enthusiasm among traders after a period of relative stagnation over the past week. The currency’s Relative Strength Index (in purple) has jumped above the 60 level after dipping to 40 this morning, indicating increased buyer interest. With the high volume, resistance (in red) and support (in green) levels appear to be close to crossing, which is a positive sign.
Despite today’s slight dip, Pepe’s price could see further gains in the coming days. After a relatively quiet period in August, the meme coin has started to recover again in recent weeks. Whales, who expect this growth to continue, could push Pepe to become one of the best performing coins in 2024.
Pepe is expected to benefit from the expected improvement in the market, especially after the Federal Reserve’s decision to cut interest rates last week. With this positive momentum, Pepe is expected to be the favorite meme coin among major investors for some time, which could allow it to outperform its competitors in the top 100 coins list.
In light of these developments, the price of Pepe may reach $0.000010 next week, and may reach $0.000015 before the end of the year.
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