Pepe coin (PEPE) is currently consolidating at $0.00001038, reflecting a 2.57% drop in the last 24 hours. Despite this minor pullback, market sentiment remains largely positive, with 86% of traders expressing bullish outlooks. The coinâs market capitalization stands at $4.23 billion, though trading volume has seen a decline of over 41%. Investors are keeping a close eye on the coinâs next move, with the Fear-Greed Index rising to 60, indicating a shift toward greed, which may signal a potential price breakout.
Technically, PEPE is holding strong above its 200-day Moving Average (MA), a key indicator of a possible upward trend. The Relative Strength Index (RSI) remains steady, suggesting that the coin could soon experience a bullish reversal. After breaking out of a descending channel, PEPE has been trading within a rising channel, showing that bulls are preparing for the next significant price action. If current support levels hold, PEPE could push toward the $0.000012 mark in the near term.
Looking ahead, analysts predict that PEPE could see a notable rally by the end of 2024. If the coin manages to sustain its current momentum and break through key resistance levels, it could reclaim its September highs and aim for a price of $0.000014. As the coin continues to gain traction, particularly among dog- and cat-themed cryptos, a gradual upswing appears likely, especially with decreasing selling pressure.
In 2025 and beyond, PEPE is expected to follow a steady upward trajectory. Predictions suggest that the coin could reach $0.00004 by the first quarter of 2025, with a potential all-time high of $0.000045 later in the year. While some bearish phases are expected, the overall outlook remains optimistic for long-term investors who believe in the coinâs continued growth.
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