Pepe Price Forecast as PEPE Surpasses DogWifHat in Daily Trading Volume – Significant Upsurge Anticipated?

The PEPE token has seen a 3.86% decrease in value over the last 24 hours, reducing its price to $0.00001509, amid a wider market correction in the cryptocurrency sector.

Despite this temporary setback, PEPE has achieved a weekly increase of 26.30%, contributing to an impressive monthly surge of 126.30%.

In the past year, PEPE has delivered an extraordinary return of 1,135.41%, surpassing major cryptocurrencies such as BTC, ETH, and SOL.

This strong performance reflects significant and widespread interest from investors in PEPE.

Moreover, PEPE’s trading volume over the last 24 hours has risen to $2.50 billion, exceeding DogWifHat’s $821 million, indicating potential for a forthcoming rally despite the current price adjustment.

With the meme coin’s 24-hour trading volume climbing to $2.50B in the past week, it appears that its short-term momentum may suggest a rebound.

Pepe Retraces From All-Time High – Is a Rally Coming?

Following a decline in the early hours of this morning, it seems that PEPE may be on the verge of a rally.

Specifically, its relative strength index (purple) has dropped from 65 to 15 in the last 24 hours. This indicates that PEPE is oversold, suggesting it may be undervalued and ready for a price rebound.

However, PEPE has just fallen below its week-long positive trendline (Yellow), indicating a potential weakening of bullish momentum. If this decline continues, it could signal a trend reversal towards a downtrend.

Additionally, the meme coin’s 30-day moving average (orange) is trending upward above the 200-day moving average (blue), maintaining last week’s trend. Since a decisive crossover below the 200-day average is not imminent, this implies a sustained uptrend.

Thus, this negative price movement may represent a short-term correction within a longer-term uptrend. If the price quickly recovers and rises above the trendline, the uptrend could remain intact.

Supporting this perspective is PEPE’s trading volume, which has increased by 12% in the past week to 2.50B. This reflects heightened interest from traders.

Furthermore, PEPE’s 24-hour volume has surpassed that of DogWifHat, which currently stands at $821.07M. With WIF’s price declining by 8.71% over the past month, it is understandable that traders are shifting towards PEPE, which continues to exhibit bullish momentum.

PEPE is likely to experience larger price increases once the overall market gains more momentum. This could occur following the launch of the recently approved Ethereum ETFs next month. Therefore, a temporary correction may be what PEPE requires in preparation for significant inflows.

High-Potential Meme Tokens Could Bring Bigger Gains

Considering that PEPE has already achieved a market cap of $6.4B, it raises the question of whether substantial gains are feasible moving forward.

As a result, traders seeking quicker and larger profits may benefit from exploring some of the newer low-cap meme coins that are poised for significant growth.

Introducing Sealana, the latest meme coin on Solana that is attracting the attention of meme enthusiasts, degens, and crypto fans, with some speculating it has 100x potential.

Sealana’s presale is in its final stage, having raised over $3 million thus far, indicating considerable interest from both investors and whales.

Although SEAL is built on Solana, it can be acquired using SOL, ETH, or BNB at a presale price of $0.022 per token. This represents the last fixed price before the coin is launched on exchanges, suggesting that once it enters the open market, it may not be available at this low price again.

Sealana is leading a new wave of meme coins that are enabling the Solana network to challenge Ethereum’s dominance as the preferred blockchain for viral meme coins.

#Sealana and his closest bros are stormin’ the Capitol to defend all #Crypto patriots, Sealana and his $SEAL troops are fightin’ for our right to Lambos , Gains , and FREEDOM!!
Stand with Sealana! Join the #Presale, and restore the former glory of #Memecoins! pic.twitter.com/Sv1fGVm8ry

— Sealana (@Sealana_Token) May 20, 2024

This follows the success of previous meme coins such as DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and Popcat ($POPCAT), all of which rapidly ascended to become top ten meme coins by market capitalization.

For the latest updates on Sealana, follow their X account.

Buy Sealana Here

The post Pepe Price Prediction as PEPE Overtakes DogWifHat in Daily Trading Volume – Big Rally Starting Soon? appeared first on Cryptonews.