PEPE Memecoin Hits ATH With 26% Rally! $0.000030 Target Imminent?
The cryptocurrency market fell by 2.31% in 24 hours, with a trading volume of $343.44 billion. Since then, Bitcoin price has failed to maintain its value above $98,000. This caused it to retest lows of $94,000 today.
Despite continued market volatility, Pepe price maintained its bullish rally and hit a new ATH this week. Will PEPE Token Lead the Memecoin Rally This Altcoin Season?
Pepe Memecoin records increasing bullish price action!
The price of Pepe Coin has surged by more than 25% in 7 days and its investors’ portfolios have tripled in the past 30 days. Additionally, the memecoin has a year-to-date (YTD) return of +1,887.68%, making it one of the best-performing projects in the Ethereum ecosystem right now.
Furthermore, it formed a bullish ascending triangle pattern on the 1D time frame and has been trading since mid-November. The memecoin has a market capitalization of $10.73 billion, firmly ranking 20th in the market.
Pepe Memecoin Technical Perspective
The simple moving average (SMA) continues to support the PEPE token price chart on the daily time frame. This indicates strong bullish sentiment towards the third-largest meme coin in the cryptocurrency space.
On the other hand, the Relative Strength Index (RSI) is showing a bearish curve towards the overbought range. Additionally, the likelihood of a negative crossover of the average trendline this week is high. This highlights the mixed price outlook for its market.
Will PEPE price hit $0.000030 this week?
If the bulls sustain Pepe’s value above the $0.0000260 support, it will surpass its all-time highs and head towards $0.0000280 levels. If bullish sentiment intensifies, the altcoin could reach the $0.000030 price target this December.
Conversely, if the bears overwhelm the bulls, Pepe coin price may retest the support area near the $0.0000240 level. If the bulls fail to regain momentum at this point, the meme token could drop to lows as low as $0.0000220.
Looking for Pepe Coin to reach $1? read our Pepe Price Prediction until 2030. Plus, subscribe to us to be the first to be notified about the latest cryptocurrency news!
FAQ
For Pepecoin price to achieve this goal, it would need to surge by 38,78,876%. Therefore, it is unrealistic for the project to achieve the above price target.
The Pepe crypto token has a 24-hour change of +1.97% and is currently trading at $0.00002578.
If adoption increases and AltSeason launches, the project could reach a maximum price of $0.00007318.
