Pepe Price Prediction: PEPE Tops Losers With 7% Plunge, But This PEPE 2.0 Presale Surges Towards $13 Million

Pepe Price Fluctuations

In the past 24 hours, the Pepe price has experienced a 7% decline, falling to $0.000006703 as of 6 p.m. EST. This drop coincided with an 86% surge in trading volume, reaching $1.14 billion.

Top Crypto Losers

According to Crypto Bubbles data, Pepe's slump has made it the biggest loser among the top 100 cryptocurrencies by market capitalization. Dogecoin, Maker, and Ethereum followed with declines of 6.9%, 6.8%, and 6.6%, respectively.

Bullish Indicators for Pepe Price

The Pepe price chart displays a falling wedge pattern, typically indicating a bullish reversal. The current price remains near a support zone around $0.00006694, with multiple retests reflecting strong buying interest at this level.

A potential breakout is visible as the price approaches the wedge's upper boundary. Confirmation of a breakout above the resistance level could push the price towards $0.00015, suggesting significant upward movement.

Technical Analysis

Simple moving averages indicate a potential crossover, with the 50-day MA ($0.00000889) moving towards the 200-day MA ($0.00000902). This crossover, if confirmed, could signal a bullish trend reversal.

The Moving Average Convergence Divergence (MACD) indicator shows a narrowing gap between the MACD line and the signal line, indicating weakening bearish momentum. A crossover above the signal line would confirm a bullish sentiment shift.

The Relative Strength Index (RSI), at 36.81, suggests the asset is oversold. This indicates that selling pressure is decreasing, increasing the possibility of a bullish reversal towards the 50 midline level. A further breach above this level would confirm a rally towards the 70 overbought region.

Potential Rally

Pepe's price outlook appears cautiously bullish, with the possibility of a rally towards $0.00015 upon breaking out of the falling wedge pattern and surpassing $0.0000902. This scenario relies on a confirmed breakout, moving average crossover, and improving momentum indicators.

New Layer 2 Meme Coin: PEPU

Amidst Pepe traders' anticipation of a potential bullish rally, a new Layer 2 meme coin, Pepe Unchained (PEPU), has amassed over $12.2 million in its presale.

Whale investors have shown interest in PEPU, contributing to a surge in buying. The project's Layer 2 blockchain offers low transaction fees and enhanced scalability, while its double-staking mechanism increases rewards for investors.

Analysts speculate that PEPU could potentially surge 100x after its launch. PEPU tokens are currently available for purchase at $0.0095362.