Pepe Price Prediction as PEPE Bounces 1.2% – Time to Buy?

Simon Chandler

Last updated:

June 10, 2024 07:54 EDT | 3 min read

The Pepe price has risen by 1% in the past 24 hours, reaching $0.00001244 as the cryptocurrency market as a whole struggles to make any ground today.

Despite this modest lift, PEPE remains down by 18% in a week, although the meme coin – the 26th biggest token in the market – has risen by 42% in a week and by 1,200% in a year.

Such impressive gains provide PEPE with enough medium- and long-term momentum to set off additional rallies in the near future.

And given that it had dipped in the past couple of weeks, its bounce today could mark the beginning of a renewed climb.

PEPE Bounces 1.2% – Time to Buy?

What PEPE’s chart suggests is that the coin is indeed ready to begin rising again, having spent most of the past week losing ground and momentum.

Its relative strength index (purple) had fallen as low as 20 over the weekend, but it has since risen over 50 and, despite a dip earlier this morning, is rising again.

Source: TradingViewThis signals a recovery in momentum, with buyers clearly taking the opportunity to purchase PEPE at a relative discount.

Also pointing to an incoming rebound is the alt’s 30-day average (orange), which after dipping well below the 200-day (blue) has seemingly bottomed out.

As such, PEPE looks ready to jump as soon as one or two larger traders take the lead and send some big buy orders in for the meme token.

And it does seem that some whales are still accumulating PEPE even now, apparently taking advantage of its discounted price.

A whale bought 231.6B $PEPE($2.9M) from #Kraken again 7 hours ago.

The whale has bought a total of 750.34B $PEPE($8.34M) from #Kraken at an average price of $0.00001111 since Mar 16. pic.twitter.com/iXfFmyDmMg

— Lookonchain (@lookonchain) June 9, 2024

The whale mentioned above now has a treasure chest of more than $9 million in the meme token, with the size of this hoard underlining his confidence that the coin will jump again before long.

Also helping the PEPE price will be the direction of the general market, which is likely to recover again soon after having a rough week.

Macroeconomic factors will also help lift the wider market, with the ECB cutting rates last week, and the Bank of England likely to do the same later in the summer.

Such cuts will lift investor sentiment and demand, which will feed into price rises for cryptocurrencies, including the PEPE price.

It could hit $0.000020 by the end of the summer, before touching $0.000025 by Q4.

High-Potential Meme Coins with Strong Fundamentals

Any doubters as to PEPE’s near or more distant future may want to check out some of the newer high-potential meme coins that have hit the market in recent weeks, with some of these holding their presales and building up lots of impetus as they prepare to list.

One strong example of this is WienerAI (WAI), an Ethereum-based cryptocurrency that has raised just over $5 million in its ongoing token offering.

🚀🎉 $5M Milestone Achieved! 🎉🚀

WienerDogAI is just getting started!! 🌭🤖 pic.twitter.com/x7G1kFx729

— WienerAI (@WienerDogAI) June 8, 2024

More than a cutesy meme coin, WienerAI is an AI-based chatbot that traders will be able to ask questions relating to cryptocurrency investing,

It can answer questions on which tokens are likely to rally or dump soon, helping users to time their moves and maximize profits.

Also helping in this regard is its atomic swap feature, meaning that users can trade directly through the WienerAI app, enabling them to pounce on the bot’s recommendations.

Combined with front-running protection, such tools make WienerAI one of the most useful new tokens of the year.

And its bull case finds additional strength in its hard cap of 69 billion tokens, as well as in the ability to stake the coin.

This could result in big price rises for the coin over time, with new investors able to join the sale at the official WienerAI website.

They can buy WAI at a price of $0.000717 per token, a level that the coin is likely to rise much higher than once it lists in the next few weeks.

Buy WAI Today

Follow Us on Google News 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.