Pepe Price Prediction: PEPE is an outlier with over 15% gains as meme coins post single-digit surges


  • Pepe price is up 15.16% to confront the midline of a multi-month supply barrier.
  • PEPE could rise 20% to reclaim the July 14 highs if it breaks and closes above the $0.00000159 mean threshold.
  • Invalidation of the bullish thesis will occur if the frog-themed meme coin decisively closes below $0.00000134.
  • DOGE, SHIB, and BONK are following with single digit gains among the memecoin top 4 list by market capitalization.

Pepe coin (PEPE) price is trading with a strong bullish bias, outperforming the meme coin top four, including Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK), which are up by single digits. Meme coins appear to be rallying after the Bitcoin price showed strength.

Also Read: BTC ETF AUM could surpass Gold, expert says, amid enthusiasm for new investment funds

Pepe price eyes 20% gains

Second only to Solana’s Dogwifhat (WIF), which is up nearly 30%, Pepe price has soared over 15% with potential for more gains as technical indicators flash bullish. The token is confronting resistance at $0.00000159, marking the mean threshold of the supply zone that extends from $0.00000146 to $0.00000172. A break and close above this blockade would confirm the continuation of the rally.

Notice the supply barrier has been a multi-month roadblock for the Pepe price, barring its upside potential since before July 2023. Based on the Relative Strength Index (RSI), PEPE is already overbought, though not ripe for selling, based on Welles Wilder’s interpretation, the father of several technical indicators that are now considered the core tenets of technical analysis software.

With the RSI still northbound, Pepe price could extend the gains 20% to reclaim the $0.00000189 range high. In a highly bullish case, the gains could extend beyond this blockade for the frog-themed token to hit $0.00000200 psychological level, nearly 26% above current levels.

The Moving Average Convergence Divergence (MACD) and the Awesome Oscillator (AO) show that the bulls maintain a strong presence in the PEPE market, seeing as large volumes of green histogram bars continue to hold in positive territory on the daily chart. The MACD is also moving above its signal line, reinforcing the possibility of a strong bullish cycle in play.

PEPE/USDT 1-day chart

On-chain metrics supporting bullish outlook for PEPE

Multiple on-chain metrics support bullish outlook for Pepe price, starting with the striking surge in daily active addresses from 817 to 1,512 between February 22 and 26, representing an 85% surge in four day. This metric shows that there has been an 85% increase in new PEPE addresses creation, pointing growing crowd interaction with PEPE. The active addresses metric for the 24-hour timeframe accentuates this thesis with an almost similar spike showing growing network activity.

Also, the Network Realized Profit/Loss has also surged from -243,000 to 1.69 million between February 24 and 26. This metric is used to determine the gains or losses realized by an asset’s holders. It therefore means that on February shows that on February 24, PEPE holders realized $243,000 in losses, seen with the large downward spike in the chart below. They are currently in profit, however, with Pepe price reclaiming multi-month highs.

PEPE Santiment: Daily active addresses, active addresses-24 hours, NPL

Also, the whale transaction count for addresses moving more than $100,000 and over $1 million worth of PEPE is increasing. Coupled with the volume metric which is also showing a notable spike, points to a renewed interest in PEPE.

PEPE Santiment: Whale transaction count, volume

On the flip side, if the supply barrier holds as a resistance, ultimately seeing PEPE price rejected from its midline, the meme coin could retest the $0.00000134 support level, below which the bullish thesis would be invalidated.  

A bearish directional bias could send Pepe price to find support around the $0.00000110 support, or in a dire case, extend a leg down to the $0.0.00000085 support floor. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Fetch.ai Price Prediction: FET must hold above $1.70 for strength

Fetch.ai Price Prediction: FET must hold above $1.70 for strength

Fetch.ai price has dropped nearly 45% since late March as broader markets started bleeding. FET bulls must defend $1.70 if they want to keep the upward thrust alive, signaling strength on the AI coin. A break and close below $1.59 would mean a lower low, invalidating the bullish reversal thesis.

More Fetch.ai News

OKX executives depart from exchange while its XLayer Chain goes live

OKX executives depart from exchange while its XLayer Chain goes live

Two senior executives at crypto exchange OKX, Tim Byun and Wei Lan, have left the company after years of heading key roles, according to a CoinDesk source. However, the company is making expansion moves through the launch of its own Layer 2 (L2) chain.

More Cryptocurrencies News

Traders eyeing long positions could have their rally soon as funding rates flip negative

Traders eyeing long positions could have their rally soon as funding rates flip negative

Bitcoin (BTC) price remains on a load-shedding exercise, a sentiment that has spilled over to the broader market. Nevertheless, the bleed seen across the cryptocurrency market could end soon amid possible shifting market sentiment.

More Cryptocurrencies News

Prisma Finance hacker could be uncovered after investigations by on-chain analyst

Prisma Finance hacker could be uncovered after investigations by on-chain analyst

On March 28, DeFi protocol Prisma Finance suffered an attack on one of its smart contracts, resulting in a loss of 3257 ETH worth $11.1 million. Prisma Finance immediately halted its protocol after the hack, ordering users to revoke access to the smart contract.

More Cryptocurrencies News

Bitcoin: BTC’s rangebound movement leaves traders confused

Bitcoin: BTC’s rangebound movement leaves traders confused

Bitcoin (BTC) price has been hovering around the $70,000 psychological level for a few weeks, resulting in a rangebound movement. This development could lead to a massive liquidation on either side before a directional move is established. 

Read full analysis

BTC

ETH

XRP