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- 1 The Pepe crypto price surged nearly 330% last week and is on its way upwards this week.
- 2 PEPE price was trading near $0.0000076, registering an Intraday rise of 9.22%.
The Pepe crypto price continued to break records on Tuesday and inched 10% higher again to set a new all-time high. The crypto is on a five-day gaining streak and is thrusting higher on the second consecutive week after a massive gain last week.
Moreover, the Pepe crypto showed a massive hike in price last week, gaining almost 330%. The crypto made a breakout above its all time high and resumed to gain further this week. By now, the crypto is up over 35% in the earlier two sessions of this week.
The bulls are driving the price like crazy and the price might continue to inch higher as it hovers near the ATH. On the flip side, the bears are finding no room to enter and dominate the trend.
The overall sentiments are positive due to which the sellers have turned defensive and unable to reclaim their dominance at the higher levels. Also, the meme season is running due to which several meme coins have experienced an immense gain in the recent sessions.
Currently, the buyers are in control of the trend as the Pepe price resumes its way up with momentum. On the higher side, the $0.0000085 and $0.0000102 may act as resistance zones for the buyers. However, the price may continue to rise if the buyers surpass the hurdles.
Pepe Crypto Volume Analysis
The volume analysis shows that the PEPE crypto received $3.83 Billion volume in the last 24 hours, which is 19.35% more than the previous day. The live market capitalization of PEPE was $3.26 Billion, ranking 39th in the overall crypto market.
Moreover, the volume-to-market-capitalization ratio is 121.10%, indicating very high volatility in the crypto. It has a circulating supply of 420.689 Trillion tokens which is also the total supply for the crypto.
Pepe Indicator Analysis
From a technical perspective, the PEPE token price trades higher above the 20, 50, and 200-Day EMAs, suggesting a short-term bullish outlook along with a long-term positive trend prevailing.
At press time, the RSI line was placed at 93.31, and the 14-day SMA line was placed at 78.19 points. Both the lines were hovering above the mean line, indicating a bullish trend prevailing in the crypto. Moreover, the RSI line has entered the overbought region, showing some correction might be possible in the short term.
Pepe Price Prediction March 2024
The most bullish outlook of our analysts assumes the price hovers near its ATH value and continues to rise in the higher side until it meets a major supply zone. On the higher side, the short term traders and investors may target $0.00001 for March 2024.
On the other hand, the bearish outlook of the analysts assumes the price will break below the recent support of $0.0000055 level.
Pepe Crypto Price Prediction 2024
The price analysis for the year 2024 is that the PEPE token could reach a high of $0.0000146, suggesting a potential gain of over 88.1% if the most favorable conditions prevail. Moreover, the less optimistic outlook of the analysts hopes for the crypto to attain $0.0000113.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
