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

Simon Chandler

Last updated:

May 27, 2024 09:45 EDT

| 3 min read

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The PEPE price has jumped by 5% in the past 24 hours, with the meme token pushing to $0.00001668 as the crypto market as a whole barely moves today.

This price means that PEPE has broken its ATH yet again, having touched $0.00001717 a few hours ago.

And given that it remains up by 80% in a week, 141% in a month and 1,000% in a year, it certainly has the short-, medium- and long-term momentum to continue pushing forwards.

It may hit a new ATH in the next few days even, with the arrival of rate cuts later in the year possibly helping it rise higher in the market cap rankings.

Pepe Price Prediction as PEPE Hits New All-Time High Again – Can it Overtake Dogecoin?.

PEPE’s chart is very bullish at the moment, with the coin maintaining strong momentum for nearly a week now.

Its relative strength index (purple) has returned to 70 in the past few hours, having regained impetus after dropping below 50 yesterday.

PEPE’s 30-day average (orange) is also continuing to put more distance between itself and the 200-day (blue), a clear sign that the coin remains in a growth spurt.

Of course, the rejoinder to this bullishness is that PEPE’s indicators have been high for long enough now to think that the coin may correct soon.

Yet its 24-hour trading volume remains high at close to $2 billion, up from $500 million a week ago in a sign that interest remains strong.

And what’s interesting is that whales continue to accumulate the meme coin, seemingly in the expectation of further gains in the near future.

It’s also worth remembering that we were advising caution regarding PEPE only a few days ago, yet it has continued to rise, so there’s every chance that it may set new records in the coming days and weeks.

And looking at the longer term picture, things may only become even more bullish for the meme token.

For one, the recently approved Ethereum ETFs will launch next month, increasing positivity and demand across the board.

And secondly, it’s likely that we will begin seeing rate cuts from various central banks across the world, including the ECB and Bank of England, if not the Fed.

As such, the end of the...

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