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Pepe (PEPE) has increased by 5.4% over the last week, managing to surpass other prominent competitors in the meme coin sector such as Dogecoin (DOGE) and Shiba Inu (SHIB).
Interest among traders in PEPE has been rising recently, as the total volume of futures contracts—referred to as open interest—has reached a record high of $650 million.
A select number of meme coins, particularly those operating on the Solana blockchain, have been enjoying a surge of positive activity, and Pepe appears to have capitalized on that enthusiasm.
<p tokens such as fartcoin (fartcoin) and spxx6900 (spx) have emerged top performers in this category over the past month, boasting gains exceeding 40%.
PEPE’s recent surge has reinforced its position as the third most valuable meme coin, with a market capitalization of $5.2 billion, which is $3 billion more than its closest rival, Official Trump (TRUMP).
Following a significant rally that elevated PEPE’s price from approximately $0.0000080 to $0.00001600, the question arises: is this meme coin set for a necessary correction, or is it prepared to revisit those recent highs?
This Pepe price prediction examines the latest price movements to attempt to address that inquiry.
Pepe Price Prediction: A Retest of $0.00001100 Appears Very Likely
Pepe (PEPE) breached its trend line support in late May when it decisively fell below the $0.00001300 threshold with substantial trading volumes.
At that time, the price found support at $0.00001100 for the first instance but subsequently dipped near the $0.000010 mark. This level became the most significant support for PEPE during this retracement.
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Momentum indicators have indicated signs of recovery, as the Relative Strength Index (RSI) recently surpassed its 14-day moving average, suggesting that the current uptrend is gaining traction.
PEPE appears to have temporarily rejected a move above the 200-day exponential moving average (EMA), which could lead to a retest of the $0.00001100 support. Should the price bounce off that level again, it would support a bullish outlook for PEPE.
In such a scenario, the short-term target for PEPE might be set at $0.00001500.
The outlook for meme coins seems optimistic at this time, but the most promising crypto presales may present greater upside potential.
For instance, SUBBD has emerged as one of the most exciting prospects in the crypto landscape by launching a high-quality decentralized content distribution platform.
SUBBD (SUBBD) Attracts Creators, Fans, and Investors
SUBBD (SUBBD) seeks to rival leading platforms like OnlyFans and Twitch by offering a robust platform where creators can share their content without the fear of unjust bans while retaining a larger portion of their earnings.
The platform also allows influencers to monetize AI-generated content and grants them a voice in the project’s roadmap, moderation policies, and other governance issues through ownership of the $SUBBD token.
Fans can benefit from subscription discounts, early access to new features, and the ability to make custom requests by utilizing $SUBBD.
Over 2,000 creators have already joined the platform, collectively bringing a following of 250 million to the ecosystem. Analysts anticipate that the price of $SUBBD will surge as the platform’s popularity appears set to grow swiftly.
To acquire $SUBBD, visit the SUBBD presale website and connect your wallet (e.g., Best Wallet). You can either exchange USDT or ETH for this token or use a bank card to invest.
The post Pepe Price Prediction: After a 30% Run, Is a Healthy Pullback or Bigger Rally Coming? appeared first on Cryptonews.
