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Pepe Coin boomed in May with new gains every other day, but the surge is on a halt now as the price has dropped in the last few days. Earlier in March, PEPE also exhibited very similar bullish behavior, but the rally ran short. However, that was not the case this time, as PEPE continued the surge for weeks, creating an all-time high record of $0.00001718. PEPE price is currently at $0.0000144 after a 5% drop in the last few days and has moved 16% away from the ATH.
But is it the end now, or PEPE it will make an even bigger recovery next? Let us check that out.
What do The Technical Indicators Say On PEPE Price?
Despite the mixed signals from PEPE investors and price drops, the 24-hour trading volume is still high. Usually, the trading volume stays around the $800 Million mark, but now the same is at $1.48 Billion, confirming the increased interest in this meme coin.
Also Read: 5 Meme Coins To Buy If You Want to Turn $10 into $100 This Week
Talking of the mixed signals, PEPE’s technical analysis has both the bears and bulls active in the market, where the moving average talks of the strong buying zone, but the Moving Average Convergence Divergence and momentum stats talk of the selling pressure.
It indicates the clash between the investors where a portion believes in upcoming higher peaks, and the rest avoiding any possible losses by selling when the price is still high. The Relative Strength Index confirms the same as the marking is at 59, a neutral zone between buyers and sellers.
Will PEPE Surge or Decline Next?
PEPE holders have maintained the greedy sentiments, which can aid in the price surge. The token has already started moving upwards today as the PPEE price is at $0.0000144 after a 0.6% gain in the last 24 hours. For now, the PEPE price might have a downward trend continuing for days or weeks because of its volatile nature and whales dumping the meme coin.
However, with the decline in the RSI value over time, PEPE might shift entirely to the buying zone, as the investors are eyeing that. In case that happens, the PEPE price can succeed in forming another peak, much higher this time, thanks to the overall bullish behavior of the market. Based on the previous price rally, analysts have predicted the frog meme coin will achieve $0.00002 with the next bullish push.
Continue Reading 5 Top Cryptos To Buy If You Are Building A Portfolio From Scratch
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