Pepe Price Prediction: PEPE Surges 76% In A Month, But Experts Say Consider This Dogecoin Derivative For 10X Gains

Pepe Price Analysis

In the past 30 days, the Pepe token has exhibited a significant surge of 76%, while the last 24 hours alone saw a gain of nearly 3%. As of 01:06 a.m. EST, it is trading at $0.00001485.

Market Performance

Pepe ranks among the top three meme coins by market capitalization, alongside Dogecoin (DOGE) and Shiba Inu (SHIB). Collectively, these three coins account for $45 billion (65%) of the total $69 billion market cap for meme coins.

Price Predictions

Some analysts predict a substantial increase in Pepe's value. Ian on X forecasts a $4 billion market capitalization by June 22nd, while others speculate that a new meme coin may break into the top three before the end of the current market cycle.

Technical Analysis

Technical indicators suggest a bullish bias for Pepe's price. It is trading above the Fibonacci indicator's diagonal trendline and the 50% Fibonacci level of $0.00001308. The Relative Strength Index (RSI) holds above 50, indicating bullish momentum.

The volume profile shows significant buying pressure in recent days, with green nodes pronounced. This suggests strong interest in PEPE at current levels and potential support in the event of a downtrend.

Additionally, the Moving Average Convergence Divergence (MACD) is positioned in positive territory, indicating bullish momentum.

Potential Upside

If Pepe overcomes resistance at the upper boundary of its triangle pattern, it could potentially test the $0.00001600 psychological level. In a highly bullish scenario, it could reclaim its previous range high of $0.00001726.

Potential Downsides

However, the MACD line's position below its signal line raises a potential bearish concern if the momentum shifts downward.

If bears gain control, Pepe's price could fall below the lower trendline and the Fibonacci support level, potentially leading to a further decline towards $0.00001100 or even $0.00000889.

Alternative Investment

Amid uncertainties about Pepe's future direction, some analysts recommend PlayDoge, a new presale token that has raised over $2.5 million in a week. PlayDoge's unique utility as a play-to-earn meme token may provide an alternative investment opportunity.