Pepe Coin Price Prediction as PEPE Approaches Top 50 in Global Market Cap Rankings – Can PEPE Reach $1?
The Pepe Coin price has dropped by 10% in the past 24 hours, falling to $0.00000173 as the cryptocurrency market as a whole enjoys a 1.5% gain.
Its current price means that it has declined by 25% in a week, although it remains up by 59% in a fortnight and by over 6,000% since CoinMarketCap began tracking it (on April 17).
Its dizzying rise has also meant that it's now very close to entering the top 50 cryptocurrencies by market cap, with the token currently at 64th, according to CoinGecko.
And with more exchange listings likely to arrive in the coming weeks, PEPE could easily enjoy a few more big rallies in the near future.
PEPE's chart suggests that it could be about to recover again after a bout of losses, with its relative strength index (purple) rising back up to 40 and dropping to 30 earlier this morning.
And while PEPE's short-term moving average (yellow) has sagged since yesterday, it has been on a general rise back towards its long-term average (blue) since Friday, something which signals a recovery of momentum.
Also signalling a recover is PEPE's support level (green), which appears to have begun rising again after a few days of declines.
As such, it's likely that PEPE could be in for a positive week, one which provides an upwards correction to the last week's losses.
Indeed, when a bigger picture is taken of PEPE's emergence a couple of weeks ago, it remains clear that the new meme token is still on the up with regards to the medium term.
What's encouraging for PEPE is that whales appear to still be buying the new meme token, suggesting that they expect it to rise again very soon.
As we've mentioned before, PEPE is also attracting a semi-regular stream of new exchange listings, with Binance, BitMart, KuCoin, and OKX
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