The Pepe price climbed 2%

The Pepe price climbed 2% in the last 24 hours to trade at $0.00002029 as of 11:17 p.m. EST on trading volume that surged 21% to $2.3 billion.

The price of Pepe (PEPE) climbed 2% in the last 24 hours to trade at $0.00002029 on Thursday.

Pepe Price Analysis: Technical Analysis

The price of Pepe is now trading slightly above the 50-day Simple Moving Average (SMA) but appears to be struggling to sustain momentum above the 200-day SMA.

This indicates that while short-term momentum has turned positive, the longer-term trend is yet to decisively shift bullish.

The Relative Strength Index (RSI) is currently at 57.47, indicating neutral to slightly bullish momentum. This suggests that the token has room to rally further before hitting overbought conditions.

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is above the zero line, with the MACD line positioned above the signal line.

This is a bullish signal, indicating that upward momentum is building.

Pepe Price Prediction

A bullish scenario would involve the Pepe price breaking decisively above the 200-day SMA (approximately $0.00002088). If this happens, the PEPE price could target the next resistance around $0.00002300 and potentially higher.

Conversely, a bearish scenario would come into play if the Pepe price fails to hold above the 50-day SMA (around $0.0001883).

This could lead to a retest of the previous consolidation zone or even a drop to lower support levels around $0.00001650.

Earlier this month, pepe Unchained (PEPU) raised a massive $74 million, making it one of the biggest Web3 meme coin presales of all time. The token’s value exploded after its release, securing its place in meme coin history.

Analysts predict that WPE will surpass PEPU as the potential meme coin supercycle gains momentum in 2025.

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Lock in the best deal by buying before a price increase in less than 5 hours.