Is It Too Late to Buy Pepe Coin? PEPE Price Surges While Whales Stack

Sam Cooling

Last updated:

March 5, 2024 10:03 EST
| 3 min read








































The biggest meme coin launch of 2023, Pepe  (PEPE), has exploded back onto the scene in dramatic fashion.

This article will provide an analysis of PEPE’s current price trends and look to see whether an innovative AI crypto, SCOTTY, represents a more promising investment opportunity at this time.







Despite a wider resurgence across the meme coin vertical, Pepecoin price has led the charge from the front, accruing a jaw-dropping +707% monthly gain to hit a new all-time high and dominating trending coin rankings on major CEXs.

PEPE Price Analysis: As Pepecoin Price Reels From Fresh All-Time High – Is It Too Late to Buy PEPE?.


As price action proceeds cautiously following the new all-time high, Pepecoin is currently trading at a market price of $0.000000750 (representing a 24-hour change of +6.70%).

This comes after yesterday saw PEPE price action bounce up from lower support at $0.0000007, to hammer a new all-time high at $0.00000870.

Now in a -13.6% minor localized retracement move, price action appears to be forming a lower support level to consolidate above $0.00000760.



Yet, with 20 DMA support substantially below ongoing price action down at $0.00000266, it seems likely a deeper retracement could be needed.

The RSI indicator is forecasting a similar outlook on the short-time frame, with a strong bearish overbought signal at 93, suggesting price action is destined to head south for consolidation at a lower level.

But this contrasts the MACD, which is still displaying a minor bullish divergence in momentum at 0.00000062.

Overall, PEPE price analysis depicts the over-extended tail-end of a major meme coin rally, with retracement risk now dominating the outlook according to traditional chart analysis techniques.



To the upside, this leaves PEPE price targeting a move to $0.00001 (a potential +30%).

While downside risk could see the PEPE price tumble down to $0.0000055 (a possible -28%).

Consequently, PEPE price analysis reveals a short-time frame risk: reward ratio of 1.1, a mediocre entry that should be unappetizing to most prudent traders.

Feel Like You Missed The Boat After Pepecoin Price Analysis? The AI Narrative Could Propel Scotty the AI to 50x Heights.




Ambitious AI crypto project, Scotty the AI (SCOTTY), represents a beacon of opportunity amidst the AI narrative, blending the cutting-edge realms of AI and...

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