Pepe Price Forecast: A 30% Increase Could Be Imminent

Journalist

• The price of PEPE has increased by more than 3% in the last 24 hours.
• Some market indicators are bearish on Memecoin.

After a week-long price decline PEPE’s price has regained its upward momentum. The recent uptrend may continue as Memecoin has crossed a critical mark. We will take a closer look at PEPE.

PEPE’s bullish breakout

CoinMarketCaps Below are some of the most effective ways to increase your ROI: The value of PEPE fell by more than 2% last week. Things have improved in the last 24 hours.

The price of Memecoin has increased by more than 3%. PEPE, the 22nd largest cryptocurrency at the time, was trading for $0.00001216 and had a market cap of $5.8 billion.

According to IntoTheBlock, more than 83 percent (or investors) of PEPE have been profitable. Below are some of the most effective ways to increase your ROI:.

The memecoin has managed to break a bullish pattern and indicates a price increase.

World of Charts is a well-known cryptocurrency analyst who recently published an article Tweet highlighting an interesting development. According to the tweet, PEPE has broken a bullish pattern pennant, which could lead to a 30% rally..

Since July, PEPE has been consolidating within the pattern. According to this analysis, PEPE could soon reach $0.000017 in the next few weeks.

Recent Analysis on PEPE

AskFX has checked the Santiment data to see if it matches the metrics. According to our analysis, the supply of memecoins on exchanges has been decreasing while the supply outside of exchanges has been increasing, suggesting that buying pressure has been increasing.

Last week, the outflow of memecoins on exchanges also skyrocketed. This further confirmed that there was a growing buying pressure.

The top address chart showed a flat supply, suggesting that whales did not make any major moves last week.

MVRV was another indicator that showed strength last week, apart from the increase in buying pressure. Last week, its daily active addresses remained fairly stable.

However, the network’s growth has slowed down. It is possible that fewer tokens were transferred to addresses last week.

Read more Pepes [PEPE] Recent Price Analysis 2024-25

AskFX planned to check the daily chart of Memecoi then. According to our analysis, MACD indicated the probability of a negative crossover.

Relative Strength Index recorded a downtrend, indicating a likely price correction. Money Flow Index recorded an increase, indicating a continuation of the bull rally.