Pepe Coin Price Prediction as PEPE Hits New All-Time High – Can PEPE

Simon Chandler

Last updated:

May 14, 2024 07:41 EDT

| 3 min read

PEPE has hit a new all-time high in the past couple of hours, with the Pepe Coin price currently sitting at $0.00001039 and enjoying a 19% gain today.

The meme token’s current price also represents a 23% gain in a week and a hefty 92% increase in a month, with its price benefitting from the return of legendary meme-stock trader Roaring Kitty to X.

And with PEPE also up by 440% in a year, it has strong enough momentum to continue rising for the foreseeable future.

It could potentially continue breaking its current ATH over the next few days, particularly if Roaring Kitty’s return does instigate a big bull run for meme tokens.

Pepe Coin Price Prediction as PEPE Hits New All-Time High – Can PEPE 100x From Here?.

PEPE’s indicators are definitely looking bullish right now, with its 30-day average (orange) racing ahead of its 200-day (blue).

Its relative strength index (purple) also shot above 80 yesterday evening, and while it has declined a little, its position remains high.

In other words, the momentum is still there, with PEPE’s rising resistance (red) and support (green) levels also pointing towards further gains in the near term.

What’s particularly bullish is that whales have been buying the meme coin in the past day, indicating an expectation that PEPE will continue to build on its gains.

As the tweet below shows, PEPE has seen big purchases during its current run, which is encouraging insofar as you’d expect the whales concerned to hold onto the token for a little while longer at least.

Also positive is the aforementioned return of Keith Gill, who under the alias Roaring Kitty led the infamous 2021 GameStop rally and helped spearhead the whole meme-stocks movement.

His return may indicate a renewed impetus for that movement, something that could help meme tokens such as PEPE continue to climb to new heights.

However, retail investors should be cautious that Gill’s return doesn’t necessarily mean we’re going to have a new GameStops phenomenon in the coming months.

Also, with PEPE reaching a new all-time high today, traders should also be wary that it may correct a little before it rises again.

As such, they may prefer to hold off from buying PEPE today and wait for a dip, since...

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