PEPE Price Prediction as Market Recovery Pushes a 114.5% Surge – $1 PEPE Coin Incoming?
The PEPE price has surged by 13.5% in the past 24 hours, rising to $0.00000131 as the wider market posts a 3.5% gain within the same timeframe.
PEPE has now risen by 16% in a week and by 100% in the last 30 days, marking a strong comeback for the meme coin, which had languished over the past few months after a strong May.
And with the cryptocurrency market likely to enjoy rising momentum over the next few weeks (particularly if and when Bitcoin ETFs gain approval), PEPE should make further gains soon enough, even if volatility could see it sinking again soon after.
PEPE has shown considerable strength during the recent rally, with the coin outperforming many other top-100 coins.
Its indicators reflect its bullishness, with its RSI (purple) hitting 70 today and likely to rise further before coming down again.
At the same time, its price has decisively climbed beyond its 30-day average (yellow), offering a clear sign that PEPE is in the middle of a breakout out to a new level.
Its support level (green) reinforces this view, in that it has settled at increasingly higher points over the last few weeks.
This provides PEPE with a strong base from which to launch new rises, and with its volume still relatively elevated, more gains could be coming soon.
Indeed, whales have been accumulating the token in recent days, suggesting that the coin may have some more gains in store before it corrects downwards again.
What did the whale buy recently?
The whale with 10,080 $ETH($19.4M) spent 1,433 $ETH($2.6M) to buy 2.51M $ARB at $1.045 and 1,038 $ETH ($1.9M) to buy 1.65T $PEPE at $0.000001154.
The whale is currently making $177K(+7%) on $ARB and $159K(+8%) on $PEPE.https://t.co/9Btmdst56T pic.twitter.com/EwsXjIFGdz
— Lookonchain (@lookonchain)
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