Pepe Coin Price Prediction as PEPE Rises 4% in 24 Hours – Time to Buy?

cryptonews.com:

The Pepe Coin price has risen by 4% in the past 24 hours, jumping to $0.00000173 amid a market-wide rally today.

PEPE is now up by 14% in a week and by 70% in the last 30 days, although it remains 60% down from its all-time high of $0.00000431, set back in early May.

PEPE's ascent could mean that it's due to correct in the next day or two, but with the market seemingly regaining a significant amount of optimism, the meme token could just as easily rise for a little while longer.

However, with little in the way of fundamentals or utility, it's hard to shake the suspicion that PEPE will eventually fall again, particularly when whales decide to take their profits.

PEPE's indicators seems to suggest that the meme token may have some space left to rise before it needs to fall again.

For one, its relative strength index (purple) has risen towards 60 after dipping close to 40 yesterday, reflecting the influx of buying momentum.

This is complemented by PEPE's 30-day moving average (yellow), which continues to rise above its 200-day average (blue), again showing signs of the altcoin's strength today.

It's also encouraging to note that PEPE has held pretty closely to the $0.00000150 support level in the last week or so, meaning that it isn't likely to fall much further below this level if its current rally comes to a quick end.

However, available evidence does suggest that PEPE could continue rising in the short term, with whales still stacking the meme token.

Such accumulation usually points towards further gains, with PEPE potentially in line to return to $0.0000020 soon, if not higher.

Of course, whales hoard a meme token such as PEPE only to offload it for gains at a later date, so retail investors should be aware that the alt's rally