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Can it Recover Before the Weekend?

2 Mins read

PEPE is a memecoin that pays homage to the popular internet meme Pepe the Frog. It is a deflationary token that works on Ethereum and has no taxes or utilities.

It aims to become one of the major meme currencies alongside Shiba Inu and Dogecoin. PEPE has seen a significant increase in its value by 2023, reaching a market capitalization of $1.6 billion and creating a memecoin craze. 

Furthermore, it has a three-step process to achieve “meme acquisition” by listing on various platforms. PEPE uses the cultural significance of Pepe the Frog to attract loyal and passionate crypto fans.

Pepe Price Slumps 15% Today: Can it Recover Before the Weekend?
Source: CoinMarketCap

The PEPE crypto price has experienced a significant drop in the recent sessions. The recent price drop in the crypto price exhibits fading buyer interest in recent sessions.

The daily chart shows Pepe price has dropped below the 200-day EMA suggesting weaknesses in the long term. The bears seem to be gradually dominating the price trend. 

Furthermore, the daily chart witnesses the formation of a descending triangle pattern. Now, if the bulls are unable to counter, then the price may retrace the recent support level and might break below it.

However, the breakout above the trendline resistance may again turn the table in the buyers’ favor and the price may possibly resume its uptrend. 

The technical indicators for PEPE are mixed, showing both bullish and bearish signals. On the daily chart, it is below the 50-day and 200-day moving averages, suggesting a downtrend.

Pepe Price Prediction January 2024

Pepe Price Slumps 15% Today: Can it Recover Before the Weekend?
Source: PEPE/USDT by TradingView

The price outlook for the short term is negative. The price may drop to a low of 0.00000103 by the end of the month. Moreover, if the price trend turns around and the pepe crypto experiences rise it may climb to $0.00000171 as per the most optimistic view. 

Pepe Price Prediction 2025

Pepe crypto persists a positive outlook in the long term which may keep on adding buyers at the lower levels. The most optimistic estimate of the analysts expects the price to reach a high of $0.000002254, indicating an upside potential of over 88.30%. The pessimistic outlook of the analysts assumes the price to reach $0.00000190.

Pepe Price Prediction 2025

Over the next two years, the Pepe cryptocurrency price may incline to a high of $0.00000304. On the flip side, the minimum value up to which Pepe crypto may reach is expected as $0.00000252. 

Pepe Price Prediction 2026 

The Pepe cryptocurrency price may reach a high of $0.00000352 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $0.00000308 by 2026.

Pepe Price Prediction 2027

Over the next three years the Pepe crypto may see a high price hike. The price may therefore reach a high of $0.00000419 by the year end. Whereas the lower value that the price cloud achieves is $0.00000365. 

Pepe Price Prediction 2028

The analysts are optimistic about Pepe future prices and predict that the price could go up to $0.00000462 in the next four years. However, the pessimistic analysts expect the price to drop to $0.00000410. 

Pepe Price Prediction 2029

By the year 2029, the PEPE crypto price may rise to a high of $0.00000544 suggesting an upside potential of nearly 350% by the end of year 2029. The lowest price up to which the crypto may surge is predicted at $0.00000482. 

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About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
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