PEPE Price: Can This Meme Coin Keep Rising, or Is a Drop Coming?

Pepe price has been moving significantly; it jumped 7.26% in the past 24 hours and now stands at $0.00001026. The coin had five zeros in its price just a few days ago; today it only shows four, indicating a strong route of recovery.

Pepe price has seen a significant rise, jumping 7.26% in the past 24 hours to reach $0.00001026. Earlier, Pepe’s price dropped to $0.00000958, marking a substantial change. Just days ago, the coin had five zeros in its price, but now only four are visible, indicating a strong recovery path.

This surge comes alongside the broader crypto market rally, which is lifting some meme coins. PEPE’s trading volume surged to reach an impressive $851 million in just 24 hours, indicating increasing participation from investors.

This surge is largely attributed to whale activity, as major investors are purchasing large volumes of PEPE. In fact, big transactions reached an incredible $68 million, suggesting that key players see promise in the coin.

But will this momentum continue, or is it simply a passing trend? Analysts are keeping a close eye on key resistance levels.

The next major resistance, at $0.00001572, is a crucial point where the price may either continue its uptrend or face resistance as it attempts to break through. If it manages to cross this level, PEPE could set new milestones and attract even more buyers.

However, meme coins like PEPE are known for their drastic swings. Despite the excitement surrounding the rising price, some investors remain wary.

Should the hype begin to die down and large investors decide to sell their holdings, the price could quickly take a hit. Some analysts even project a possible 25% drop if meme coins become overly crowded in the market.

As traders eagerly anticipate whether the excitement will subside or propel the coin to new heights, all eyes are on PEPE. Whether you're observing Pepe price or holding the coin itself, the journey of this meme coin is certainly one to follow!