In this Pepe (PEPE) price prediction 2024, 2025-2030, we will analyze the price patterns of PEPE by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Pepe (PEPE) Current Market Status
What is Pepe (PEPE)
A deflationary memecoin launched on Ethereum is PEPE. PEPE presents a unique offering within the meme coin market by building upon the legacy of Pepe the Frog, a character with a longstanding and controversial history. PEPE‘s burning mechanism further highlights its distinct nature, aiming to maintain scarcity within the market.
PEPE is an ERC-20 token on the Ethereum blockchain, which is secured by the Proof-of-Stake (PoS) consensus mechanism. Decentralized validators stake 32 ETH to process transactions and secure the network.
Pepe 24H Technicals
(Source: TradingView)
Pepe (PEPE) Price Prediction 2024
Pepe (PEPE) ranks 22nd on CoinMarketCap in terms of its market capitalization. The overview of the Pepe price prediction for 2024 is explained below with a daily time frame.
PEPE/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Pepe (PEPE) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Pepe (PEPE) was recorded at $0.00001217. If the pattern trend continues, then the price of PEPE might reach the resistance levels of $0.00001278, $0.00001746, and $0.00002869. If the trend reverses, then the price of PEPE may fall to the support of $0.00000781.
Pepe (PEPE) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Pepe (PEPE) in 2024.
PEPE/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Pepe (PEPE) for 2024.
PEPE Resistance & Support Levels
Pepe (PEPE) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Pepe (PEPE) are shown in the chart below.
PEPE/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Pepe (PEPE) market in 2024.
Pepe (PEPE) Price Prediction 2024 — ADX, RVI
In the chart below, we analyze the strength and volatility of Pepe (PEPE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
PEPE/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Pepe (PEPE).
Comparison of PEPE with BTC, ETH
Let us now compare the price movements of Pepe (PEPE) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs PEPE Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of PEPE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of PEPE also increases or decreases respectively.
Pepe (PEPE) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Pepe (PEPE) between 2025, 2026, 2027, 2028, 2029 and 2030.
Conclusion
If Pepe (PEPE) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Pepe (PEPE) price prediction for 2024 is $0.00003838. Comparatively, if unfavorable sentiment is triggered, the bearish Pepe (PEPE) price prediction for 2024 is $0.00000403.
If the market momentum and investors’ sentiment positively elevate, then Pepe (PEPE) might hit $0.0001. Furthermore, with future upgrades and advancements in the Pepe ecosystem, PEPE might surpass its current all-time high (ATH) of $0.00001718 and mark its new ATH.
This content was originally published by our partners at The News Crypto.