Pepe (PEPE) Coin Price Prediction: Market Performance, Whale Activity, Technical Analysis, Community Growth

Pepe coin has experienced sharp price swings in recent weeks. The meme cryptocurrency has seen its market capitalization drop dramatically.

Pepe coin (PEPE) has seen its market capitalization drop dramatically in recent weeks, falling from $8.7 billion to $4 billion. This represents a 50% decline over the past month.

Many investors have become hesitant to enter the market at these lower levels following the steep downturn in PEPE’s value. However, some analysts may view this scenario as an opportunity for those looking to dollar-cost average, especially if the broader bull market resumes.

Despite the recent price decline, there are signs of confidence from large holders. Up to $20 million worth of Pepe coin has reportedly been withdrawn from centralized exchanges and moved to cold storage, suggesting that “whales” believe in PEPE’s long-term potential.

Smart Money investors have also shown interest in PEPE, with a net flow of $813K over a seven-day period, made up of $1.14M in buy volume against $323K in sell volume. This active buying indicates persistent confidence from sophisticated investors. The average buying price for these Smart Money investors was around $0.0000071, which is below the current trading price, suggesting they are in profit.

Technical Analysis:

As of the latest data, PEPE is trading at approximately $0.00000932, with a 24-hour trading volume of $905 million. The token's price has decreased by 8% in the past week and shows a 30-day price decline of 42%.

There are possibilities of a bullish reversal as technical indicators like the Relative Strength Index (RSI) indicate oversold conditions. Additionally, PEPE has formed a rising wedge pattern on short-term charts, which could lead to a decisive price move in either direction.

Recently, the cryptocurrency broke above resistance at the price level of $0.00000800. Support levels have formed around $0.