Pepe Price Prediction: Could PEPE Be the Next Dogecoin in 2024?
Pepe, an Ethereum-based meme coin, has seen a significant price surge, reaching an all-time high due to increased market activity. In the last 24 hours, Pepe's price has risen by 24.65% to $0.00001383, boosting its market cap to $5.82 billion and ranking it #21 among cryptocurrencies. Investors are shifting from older meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) to PEPE.
The trading volume surged by 89.75% to $4.43 billion in the past 24 hours, making up 76.14% of its market cap. The circulating supply is at 420.69 trillion PEPE, which is also its maximum supply.
Pepe Price Prediction: What's Next?
Pepe has shown strong bullish momentum this week, hitting new highs. Over the past week, it surged over 21%, with a monthly increase of more than 119%.
Technical Indicators Show Bullish Momentum
Pepe has surpassed the $0.000015 resistance level, suggesting a potential upward trend. If the bullish trend continues, targets could be $0.00003 and $0.00005. However, if bearish trends prevail, the price might fall to support levels of $0.000013 or $0.000012, indicating market volatility and opportunities.
The 24-hour technical indicators for PEPE/USD show a bullish signal. The Awesome Oscillator (AO) reads 0.000002674, indicating bullish momentum with recent green bars. The Moving Average Convergence Divergence (MACD) indicator also shows a positive trend, with the MACD line above the signal line at 0.00000903, suggesting potential upward movement.
