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Pepe Price Prediction as PEPE Bounces 10% Overnight – What’s Going On?

Harvey Hunter
Last updated: | 2 min read
Pepe Price Prediction as PEPE Bounces 10% Overnight – What's Going On?

Today, the PEPE price has shown resilience with a sudden bounce despite a broader market downturn, hinting at a potential revival.

The PEPE token has experienced a 7.75% increase over the past 24 hours, bringing its price up to $0.000013, amidst a broader retracement in the crypto market.

In a pullback, PEPE has posted a weekly loss of 9.64%, in a reversal of its impressive monthly rise of 49.63%.

Over the past year, PEPE has yielded a remarkable return of 1,339.30%, outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

This robust performance indicates strong and widespread investor interest in PEPE.

The meme coin’s 24-hour trading volume has dropped 5.03% to 1.28B over the past 24 hours.

This implies that selling pressure has weakened, hinting toward a rebound.

Pepe Trend Reverses to the Upside – What’s Going On?

After rebounding 10% in the early hours of this morning, PEPE’s uptrend seems to have been revived.

PEPE price chart with technical analysis. Source: Binance.

Most notably, the PEPE price is now following a positive trendline (yellow), which has acted as support over the past 36 hours. This suggests a potential trend reversal.

This is further supported by PEPE’s relative strength index (purple), which has surged from 25 to 65 over the past 24 hours. This increase indicates weakening selling pressure and a potential shift toward an uptrend.

Additionally, the 30-day (Orange) moving average is now trending upward toward the 200-day moving average (Blue) which is trending downward.

If it can successfully cross above the 200-day it would confirm this upturned as the short-term momentum overwhelms the wider downtrend.

While PEPE is a meme token with no real fundamentals of its own, it often rides market-wide waves.

Most notably, the upward movement may be in anticipation of the US CPI reading for June, expected later today. The outcome is likely to influence overall market sentiment going forward.

10x Research cited a CPI inflation rate of 3.3% or lower as crucial for a continuation of the bull market. Traders are eager to capitalize on this opportunity, increasing their holdings before the potential rally.

New Low-Cap Gem Offers Real Utility

Given that PEPE has already accumulated a $5.54B market cap, it is in question whether truly substantial gains are possible going forward.

For traders seeking faster and more substantial returns, exploring newer low-cap meme coins poised for explosive growth could be a strategic move.

Enter WienerAI ($WAI), a new meme coin and AI companion cited to become every crypto trader’s Best Friend.

The meme coin market is over-saturated with Shiba Inu-themed coins boasting little to no real utility. Something which may credit Weiner AI’s (WAI) recent success, raising almost $5.5 million in its presale so far.

Touted as a “Revolutionary AI Trading partner”, WienerAI is a digital companion that gives its owner user-friendly AI-enhanced trading advice, seamless swap functionality, and zero fees.

Around 20% of $WAI’s supply is for staking, and investors are currently earning a massive 204% APY, as per the project’s official website.

This places WeinerAI among some of the best passive income crypto gems. At this rate, investors can double their initial presale investment within months.

Follow the latest developments on Weiner AI’s X account.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.