Pepe Price Prediction: PEPE Pumps 36% In A Week, But Experts Say This Layer-2 Alternative Might Be The Best Meme Coin To Buy Now
The Pepe price has pumped 36% in the past week and edged up 0.9% in the last 24 hours to trade at $0.00001126 as of 12:40 a.m. EST on an 8% drop in trading volume to $2.2 billion. Pepe Price Bulls May Continue The Uptrend The PEPE/USD price action shows several key technical indicators and patterns that indicate a potential bullish breakout. One prominent pattern is the falling wedge, a bullish reversal pattern that often signals an upcoming upward price movement after a period of consolidation. The wedge appears to be narrowing, and the price is approaching a possible breakout point, which could lead to a significant price surge. A support zone has been established, and the price consistently tests and bounces off this level, indicating strong buying pressure and preventing further declines. PEPEUSD Analysis Source: Dextools.io The 50-day simple moving average (SMA), represented by the blue line, is trading below the 200-day SMA (green line), reflecting a previous beari...