Pepe Price Prediction as PEPE Overtakes DogWifHat in Daily Trading

Harvey Hunter

Last updated:

May 29, 2024 11:18 EDT

| 3 min read

The PEPE token has experienced a 3.86% decline over the past 24 hours, bringing its price down to $0.00001509, amidst a broader retracement in the crypto market.

Despite this short-term pullback, PEPE has posted a weekly gain of 26.30%, extending its impressive monthly rise of 126.30%.

Over the past year, PEPE has yielded a remarkable return of 1,135.41%, outperforming major cryptocurrencies like BTC, ETH, and SOL.

This robust performance indicates strong and widespread investor interest in PEPE.

Additionally, PEPE’s 24-hour trading volume has surged to $2.50 billion, surpassing DogWifHat’s $821 million, signaling potential for an upcoming rally despite the current price correction.

With the meme coin’s 24-hour trading volume rising to $2.50B in the past week, it seems that its short-term momentum could hint towards a rebound.

Pepe Retraces From All-Time High – Is a Rally Coming?.

After dipping in the early hours of this morning, it seems that PEPE might be leading towards a rally.

In particular, its relative strength index (purple) has fallen from 65 to 15 in the past 24 hours. This suggests that PEPE is oversold, hinting that it might be undervalued and poised for a price bounce.

However, PEPE has just dipped below its week-long positive trendline (Yellow), suggesting weakening bullish momentum. If this dip persists, it might indicate a trend reversal to a downtrend.

Additionally, the meme coin’s 30-day moving average (orange) is trending upward above the 200-day moving average (blue), continuing last week’s trend. Since a decisive crossover below the 200-day average isn’t imminent, this suggests a continued uptrend.

Therefore, this negative price action may be a short-term correction within a longer-term uptrend. If the price recovers quickly and moves back above the trendline, the uptrend could remain intact.

Supporting this view is PEPE’s trading volume, which has risen by 12% in the past week to 2.50B. This indicates increased trader interest.

Additionally, Pepe’s 24-hour volume has surpassed DogWifHat’s, currently at $821.07M. With WIF’s price declining by 8.71% over the past month, it’s no surprise traders are shifting to PEPE, which continues to show bullish momentum.

PEPE...

https://cryptonews.com/news/pepe-flips-dogwifhat.htm

#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #dogwifhat #dogwifhatnews #dogwifhatnewstoday #pepe #pepenews #pepenewstoday #sealana #sealananews #bitcoin
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple