Pepe Price Prediction: PEPE Plummets 26% In A Week As This PEPE 2.0 Hurtles Past $7.6M

Pepe Price Prediction

Pepe has experienced a significant drop in the past week, falling by 26%. Within the last 24 hours, it has continued to decline by 2%, reaching $0.000007832 as of 3 a.m. EST, accompanied by a 12% decrease in trading volume to $1 billion.

Technical Analysis

Despite a brief recovery earlier this week, Pepe's price is still down on the weekly chart. Technical indicators suggest further drops may be imminent.

The Bollinger bands have narrowed drastically over the past six hours, with the price initially fluctuating between the upper and lower bands. However, in the last two hours, it has begun to push the lower band further down.

RSI Indicator

The token's Relative Strength Index (RSI) has fluctuated within the neutral area but has recently started sinking towards the oversold zone. This indicates traders are selling to avoid further losses.

While dipping towards the oversold zone can signal a potential bounce-back, the broader crypto market recovery is necessary before buyers would likely take action. Consequently, Pepe could face further price declines.

It is currently spiraling towards the support level of $0.0000075, but the bearish pressure may cause it to fall further.

Alternative Investment

Given the current market conditions, investors may want to consider alternative investments. Pepe Unchained (PEPU), a recently launched Pepe clone, has raised over $7.65 million in its presale and stands out from other meme coins.

Pepe Unchained's Advantages

PEPU distinguishes itself by possessing its own blockchain, overcoming limitations faced by Ethereum-based meme coins. It offers faster transactions, lower fees, and scalability.

Presale Opportunity

PEPU is still in its presale stage, presenting an opportunity for early investors to gain access to a high-potential meme coin.

Endorsements and Recognition

The YouTube channel 99Bitcoins, with over 706k subscribers, has predicted that PEPU "could lead all meme coins."

Purchase Options

PEPU tokens can be purchased on the official website using ETH, USDT, BNB, or credit/debit cards.