Pepe Price Prediction as Dogecoin Boosts Meme Coin Visibility – Will PEPE Outshine SHIB as the Next Crypto Sensation?
The PEPE price has dipped by 6% today, falling to $0.000007883 as the crypto market loses 3% in the past 24 hours.
This price represents a 29% gain in the past week, and while PEPE is flat in a month it has held onto a healthy 245% gain in the past year.
And despite today’s loss, analysts remain bullish on PEPE and meme coins more generally, with one prominent crypto influencer – ‘intuitio’ – tweeting this week that he expects PEPE to outperform SHIB.
Given its performance over the past 12 months, such a prediction is certainly feasible, with PEPE overdue a big bounce.
As with many coins at the moment, PEPE is in a weakened position, yet it looks as though it’s not too far from turning a corner.
Its 30-day moving average (orange) is on the cusp of dropping below the 200-day (blue), at which point it will officially be in oversold territory, ready to bounce back.
PEPE’s relative strength index (purple) has declined close to 30 in the past day, indicating that the coin is trading at a discount relative to recent levels and should begin attracting new buyers.
The key thing at this juncture will be for the coin’s support level (green) to repel any further declines in the next day, since it has fallen through previous short-term supports recently.
What’s also discouraging is that PEPE’s trading volume is still pretty subdued at $600 million, as opposed to the levels close to $4 billion it enjoyed in early March.
However, traders and analysts are predicting that PEPE will make a strong comeback this year, with PEPE likely to outperform many of its rivals.
this game is too easy. i can see it so clearly it hurts me mentally. doge is OG and will pump a fair bit. but doge is crucial for pepe and wif. it sits there high up in the sky as a
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