Amid the current market turmoil, Pepecoin price has seen a double-digit correction. It appears that the drop was observed following a whale spill. Moreover, with the price correction, this meme coin is about to test its important support level.
Will Pepe price make a strong bullish comeback this weekend? Or will this memecoin plunge towards its lower support levels? In this article, we present possible short-term market sentiments, price analysis and possible price targets for Pepe Crypto Token (PEPE).
Pepe Memecoin retests its crucial support zone!
Pepe price fell by 11.21% in the last 24 hours with a trading volume of $1.94 billion, a change of +61.48%. With this, the memecoin erased all its gains and is currently recording a cumulative return of -6.89%. With a market capitalization of $7.65 billion, this altcoin occupies the 24th position.
The 50-day EMA registered a bearish convergence in the Pepe price chart, highlighting an increase in negative influence. However, the 200-day EMA could act as support for the price trend on the 1D timeframe.
Additionally, the RSI indicator falls below the neutral point, suggesting strong bearish price action for the meme coin in the market. Additionally, with its average trendline experiencing negative convergence, Pepe coin price may continue to lose momentum this week.
Will Pepe Coin Price Reclaim the $0.000020 Mark?
If the bulls hold the Pepe crypto token above its important support of $0.0000180, it will prepare to retest its resistance level of $0.0000220. Sustaining the price above this level could set the stage for it to head towards its all-time high of $0.0000250.
On the other hand, intensified bearish action could cause this memecoin to plunge towards its lower support level of $0.0000140 this month.
Wondering if Pepe price will hit a new ATH this year? Read CoinPedia Pepe Price Prediction to discover the mysteries!
FAQs
The Pepe memecoin is currently trading at a 35.48% discount to its ATH, indicating a strong bullish outlook.
If the bullish sentiment continues, this altcoin could conclude 2025 with a potential high of $0.0000731.
By 2030, the price of Pepe tokens could range between $0.000123 and $0.000159.