Pepe Price Prediction: How Soon Can PEPE Price Jump 100% to $0.00002?

PEPE’s Current Status: PEPE price is about to print a notable bearish candle after fighting with the bulls during the previous trading day. However, the technical indicators remain in favor of bulls, which may keep up the momentum upright regardless of the mounting selling pressure. Hence, a trend reversal may be expected anytime from now, defending the crucial support at $0.000001.

Market Performance: The PEPE is facing extreme bearish heat as it is trading at 0.00000996 with a notable drop of 3.03%. The market capitalization is around $4.23 billion with a similar pullback. Besides, the trading volume has also decreased by more than 41% but the bullish sentiments cotniues to be around 86%. Meanwhile, the Fear-Greed Index has risen to 60, suggesting the sentiments have raised to greed from being neutral.

Technical Analysis: The PEPE price has been displaying strength for the past few weeks, which has kept up the bullish momentum. The price continues to trade above the 200-day Moving Average, which suggests a potential upswing could be fast approaching. The buying pressure is slowly accumulating along with the strength that may prevent excess price drain.

PEPE Price Prediction: Pepe price has been displaying acute strength since the start of the year and hence is believed to regain a decent ascending trend. The price may reclaim the September highs and rise above $0.000012 initially and later achieve levels around $0.0000014 soon.

Future Outlook: The dog- and cat-based cryptos are gaining huge attention and adoption ever since the PEPE price rally kicked off in Q1. Therefore, with a small relief in the selling pressure, Pepe coin price is expected to revive a strong ascending trend and mark new highs.