With a staggering 65% jump this week, #PEPE is showing immense momentum and buying pressure. As the broader market recovers, with Bitcoin nearing $69K and Ethereum ETFs gaining approval, the chances of a meme coin bull run are higher than ever.
Could meme coins explode this year? Will PEPE see a 10x to 15x rally in 2024? And could it even hit $1 by 2030? Dive into our $PEPE price prediction to find out!
PEPE Price Performance
Breaking out from a rounding bottom on the daily chart, PEPE has surged past the $0.00001 psychological level, extending its bullish trend by 65% this week alone. This boosts the memecoin's market value by 178% over the past 5 weeks. Over a 14-week span, PEPE has skyrocketed by almost 1300%, showing a massive increase in demand in the retail market. The 65% jump this week has formed a bullish engulfing candle on the weekly chart.
Currently, PEPE trades at $0.00001510, showing an intraday growth of 6.82%, recovering from a 5.26% drop last night.Technical Indicators:
- RSI: The daily RSI line remains in the overbought zone, reflecting increased overall demand.
Will PEPE Rally 1000%?
On the daily chart, the bullish trend continues above the 100% trend-based Fibonacci level at $0.000015. With the sustained higher highs following the rounding bottom breakout, PEPE is poised to surpass the $0.00002 mark. Beyond this, it could reach the 2.618% trend-based Fibonacci level at $0.0000277.
Looking further ahead, with bullish catalysts like the Uptober rally, alt season, and potential rate cuts, PEPE could soar even higher. Thus, a 10x-15x rally for PEPE in 2024 is a feasible target as buying pressure grows.
