Pepe Price Prediction: PEPE Soars 64% In A Week As Investors Rush To Buy Pepe Unchained Before It’s Too Late
The Pepe price is up more than 64% on the weekly time frame despite a 2% drop in the last 24 hours to trade at $0.00002061 as of 11:21 p.m. EST as investors accumulate the popular meme coin.
Along with the minor decrease in the PEPE price throughout the past trading day, the meme coin’s volumes also recorded a drop of more than 1% in the last 24 hours.
The Pepe price has been in a consolidation period between $0.00001952 and $0.00002392 in the last 48 hours, and is currently testing the $0.00001952 support level. A break below this technical safety net might mark the end to the meme coin’s sideways trading. Bears could then end up taking control of PEPE’s price and push it down to the next support at $0.00001463.
In a more bullish scenario, the PEPE price maintaining a position above the $0.00001952 mark for the next 12 hours could lead to a rebound. Buyers might step in in this alternative scenario and push PEPE to the upper boundary of the consolidation range at $0.00002392. Breaking above this point could then give PEPE the space needed to rise to $0.00002881.