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Pepe (PEPE) Price Prediction – When will PEPE hit $0.01?

Pepe (PEPE) Price Prediction – When will PEPE hit $0.01

PEPE witnessed a significant increase in value from late April to May 2023, reaching its highest point at $1.6 billion in market capitalization. This surge elevated early adopters to millionaires and fostered a strong community of devotees. This occurrence incited what could be termed a "meme coin season," 

While the future course of PEPE and similar tokens remains unknown, numerous believers anxiously await the forthcoming Bitcoin halving cycle, hoping to witness a Bull Run.

PEPE, a deflationary namecoin built on Ethereum, is a tribute to the renowned Pepe the Frog internet meme, first created by Matt Furie and rose to prominence in the early 2000s.

Establishing a presence in the meme coin domain alongside well-known competitors, PEPE aspires to become the preeminent cryptocurrency powered by memes. It differentiates itself by adopting a tax-free policy and accepting its inherent utility.

The trading volume for PEPE has increased by 77.0% in the past week, reflecting the 0.04% decline in the overall circulating supply. Currently, the quantity in circulation is recorded as 420.69 trillion, approximately 100.0% of its utmost supply.

Is it too late to buy the PEPE coin?

Let’s see the Pepe (PEPE) Price Prediction from the PEPEUSDT technical analysis:

PEPE/USDT Bulls Are Solid Above Crucial Fibonacci Extension Level

PEPEUSDT Bulls Are Solid Above Crucial Fibonacci Extension Level

 

For the PEPE/USDT weekly chart, the current price creates a ceiling above the 161.8% Fibonacci Extension level. Moreover, the ongoing buying pressure is solid, as recent candlesticks showed two consecutive bullish closes, creating an all-time high.

The indicator window shows a strong upside pressure from the Momentum, while the RSI shows a rebound from the overbought zone.

Based on the ​​PepeCoin (PEPE) Price Prediction, a downside correction is pending; the price may find the dynamic 50 EMA as confluence support from where any bullish rejection candle formation would be the first buying possibility. Moreover, an immediate buying pressure is visible, where the primary target is the 261.8% Fibonacci Extension level, which is at the 0.00001057 level.

On the downside, the static support at 0.000005823 could be another buying zone from where a proper candle formation is needed. Below this zone, a deeper correction may come toward the 0.000000249 level.

PEPE/USDT Ichimoku Cloud Analysis

PEPEUSDT Ichimoku Cloud Analysis

 

In the daily timeframe, Ichimoku Cloud could offer a profitable trend trading opportunity where the current price is within a bull run. As a result, any bullish opportunity from the near-term dynamic Kijun Sen area could be a highly probable trading opportunity.

The recent price is above Tenkan Sen and Kijun Sen levels, suggesting an ongoing market buying pressure.

The Aroon indicator validates the buying momentum as the current Aroon Up (Green Line) is above the 80.00 line, so the buying pressure may increase in the coming days. Meanwhile, the minor correction is also pending as the Aroon Up has reached the overbought level.

Based on the H4 Pepe Coin Price Prediction, any immediate rejection from the static support of the 0.00000494 could be a buying opportunity, targeting the 0.00001500 level. However, a deeper correction may occur towards the 0.00000400 level.

Breaking below the 0.00000400 could limit the buying possibility and initiate an extension to the selling pressure, targeting the 0.000000250 level.

PEPE/USDT Intraday Price Action Analysis

PEPEUSDT Intraday Price Action Analysis

 

In the H4 chart, a bullish continuation pattern is visible where a bullish break above the 20 EMA could offer a decent impulsive momentum.

The visible range high volume level is at 0.00000310 level, which is 65% below the current price. It is a sign that there is sufficient downside correction pending, and profit-taking might happen before initiating another bull run.

The dynamic support shows buying pressure as the weekly VWAP is below the current price, while the MACD Histogram suggests a positive level above the neutral line.

Based on the H1 Pepe Price Prediction, the first long opportunity might come from the dynamic 20 Exponential Moving Average level. However, breaking below the 0.00000700 level might initiate a downside correction toward the 0.00000494 level before offering another upside pressure.

Is PEPEUSDT A Buy?

If you are a meme token lover, it could be the right time to buy the PEPE/USDT now. Before opening a long position, close attention is needed to the intraday swing level.

Considering the ongoing buying pressure in the broader crypto market, PEPE could be a decent investment opportunity. However, investors should keep a close eye on the significant market fluctuation in meme coins and solid backgrounds behind it. 

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