Pepe Price Prediction as PEPE Bounces 10% Overnight – What’s Going On?
Today, the PEPE price has shown resilience with a sudden bounce despite a broader market downturn, hinting at a potential revival.
The PEPE token has experienced a 7.75% increase over the past 24 hours, bringing its price up to $0.000013, amidst a broader retracement in the crypto market.
In a pullback, PEPE has posted a weekly loss of 9.64%, in a reversal of its impressive monthly rise of 49.63%.
Over the past year, PEPE has yielded a remarkable return of 1,339.30%, outperforming major cryptocurrencies like Bitcoin (BTC) , Ethereum (ETH) , and Solana ( SOL) .
This robust performance indicates strong and widespread investor interest in PEPE.
The meme coin’s 24-hour trading volume has dropped 5.03% to 1.28B over the past 24 hours.
This implies that selling pressure has weakened, hinting toward a rebound.
After rebounding 10% in the early hours of this morning, PEPE’s uptrend seems to have been revived.
Most notably, the PEPE price is now following a positive trendline (yellow), which has acted as support over the past 36 hours. This suggests a potential trend reversal.
This is further supported by PEPE’s relative strength index (purple), which has surged from 25 to 65 over the past 24 hours. This increase indicates weakening selling pressure and a potential shift toward an uptrend.
Additionally, the 30-day (Orange) moving average is now trending upward toward the 200-day moving average (Blue) which is trending downward.
If it can successfully cross above the 200-day it would confirm this upturned as the short-term momentum overwhelms the wider downtrend.
While PEPE is a meme token with no real fundamentals of its own, it often rides market-wide waves.
Most notably, the upward movement may be in anticipation of
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