Pepe Price Prediction: Bullish Signs Despite Market Correction
The price of Pepe has declined by 7% in the past 24 hours, trading at $0.000008625 as of 4 a.m. EST with a surged trading volume of $735.6 million (36% increase).
Impact of Crypto.com Giveaway
Recently, the price of Pepe was boosted by a million-dollar giveaway announcement from Crypto.com, offering prizes up to $25,000. The giveaway ends on July 31, with 100,000 winners anticipated.
Market Correction and Meme Coin Losses
However, the recent price drop is part of a broader market correction. Most of the top 10 meme coins by market cap have experienced losses ranging from 3% to 11%.
Technical Indicators Suggest Bullish Sentiment
Despite the drop, technical indicators show potential for a bullish reversal. Pepe's Bollinger bands remain wide, and the price has stabilized within the middle range.
Relative Strength Index (RSI) Suggests Recovery
The RSI recently dipped into the oversold zone but has now begun to recover towards the neutral range. This indicates that traders may be buying Pepe at its current low price.
Cautious Approach Recommended
While the market remains volatile, traders should proceed with caution. The crypto industry currently carries higher risks, and it's important to conduct thorough price analysis.
Promising Alternative: Pepe Unchained (PEPU)
Pepe Unchained (PEPU) is a new meme coin inspired by Pepe. As a presale token, it is shielded from market volatility until its listing.
Benefits of Pepe Unchained
- Own blockchain (Layer-2 on Ethereum) ensuring security and scalability
- Faster transfers, shorter wait times, and lower transaction fees
- Dedicated block explorer for transparency
- Ongoing Initial Coin Offering (ICO) has raised over $3.2 million
YouTube Channel 99Bitcoins' Support
99Bitcoins, a respected YouTube channel with over 705k subscribers, sees significant potential in PEPU, suggesting it may become the dominant version of Pepe.
Purchasing PEPU Tokens
PEPU tokens are currently available for purchase at $0.0083926. Potential buyers are advised to act promptly before the next price increase scheduled in approximately a day and a half.
Visit the official website to acquire PEPU tokens: