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Pepe Price Prediction as PEPE Market Cap Reaches $3 Billion – Can PEPE Overtake Dogecoin?

Pepe Price Prediction

In the realm of meme coins, PEPE price stands out with its recent surge, now trading at $0.000009 and sparking keen interest in Pepe price prediction analyses.

This 12.25% jump over the last 24 hours has not only boosted its trading volume to $1.23 billion but also elevated its market cap to $3.79 billion, ranking it 38th globally.

With the circulating supply nearing its maximum, PEPE Coin’s market dynamics suggest a bullish outlook, capturing the attention of investors and analysts alike.

PEPE Price Prediction

The technical outlook for PEPE Coin presents a bullish scenario, with the pivot point at $0.0000086 serving as a key marker.

Resistance levels are identified at $0.0000094, $0.0000099, and $0.0000105, which PEPE needs to surpass to maintain its upward trajectory.

Conversely, support levels at $0.0000081, $0.0000075, and $0.0000069 are critical for preventing potential downturns.

With an RSI of 66, the market sentiment leans towards the bullish side, further supported by the 50 EMA at $0.0000079.

PEPE  Price Chart

The observation of bullish engulfing candles past the $0.00000864 level indicates a strong upward trend.

Moreover, the violation of an ascending triangle pattern reinforces the bullish outlook, suggesting sustained momentum.

Conclusion: PEPE Coin’s market position is bullish above the $0.0000086 pivot point. The established support and resistance levels will be pivotal in the coin’s short-term price movement.

With technical indicators and market activities favoring an uptrend, PEPE is poised for further gains, barring any significant shifts below the pivot point, which could trigger a bearish correction.

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The post Pepe Price Prediction as PEPE Market Cap Reaches $3 Billion – Can PEPE Overtake Dogecoin? appeared first on Cryptonews.

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