Pepe Coin Price Prediction as PEPE Still Leads Meme Coin Frenzy – Can PEPE Break Through $1?
The price of Pepe Coin (PEPE) has fallen to $0.00000158, representing a 6% loss in 24 hours and a 27% decline in a fortnight.
However, PEPE remains up by 550% in the last 30 days and by over 2,700% since CoinGecko began tracking it on April 18, easily making it one of the most successful of the current new wave of meme tokens.
Much of this growth has been caused by a series of exchange listings, with PEPE now on Binance, Huobi, Gate.io and OKX, among others.
And with more exchanges likely to list the token in the coming weeks, PEPE could see a few major rallies this year.
PEPE's chart is in a good position, in that it signals a bottom for its recent dips.
For one, PEPE's relative strength index (purple) has just begun rising again after dropping in the past few days to 30, which indicates overselling.
Likewise, the meme token's 30-day moving average (yellow) has dipped below its 200-day (blue), suggesting that a bottom may be close to arriving.
And despite PEPE's recent losses, it's encouraging to note that its support level (green) has begun rising again, something which also indicates that it may be about to recover.
Driving PEPE and any potential recovery are exchange listings, which have helped maintain the new meme token's momentum.
A new major exchange listing would almost certainly help it rally again, with the PEPE 'community' recently trying to exert pressure on Coinbase to add the token to its platform, albeit with little success so far.
Assuming that Coinbase does eventually list PEPE (certainly not guaranteed), the cryptocurrency would possibly have its biggest rally yet.
On the other hand, this evident reliance on new exchange listings points to the possibility that PEPE really has nothing else going for it, and that
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