Pepe Price Forecast: PEPE Surges Prior to DOGE ETF – Is Pepe Set to Emerge as the Next $1 Meme Currency?

While Dogecoin is making headlines with its inaugural spot ETF, Pepe has experienced a breakout that has been developing for two months, generating renewed optimism for Pepe price forecasts.

The meme coin has risen by 11% in the last week, contributing an additional $500 million to its market capitalization as investment flows further into altcoins in anticipation of potential U.S. interest rate reductions.

In contrast to DOGE, PEPE is not part of TradFi-driven discussions, yet speculative interest is increasing. Open interest has surged by 30% during the same timeframe, reaching $695 million.

Pepe Open Interest. Source: CoinGlass.

Over half of these traders are positioning themselves for a continuation, with a 24-hour long/short ratio of 1.01 highlighting the growing confidence in PEPE despite the absence of institutional support.

Pepe Price Prediction: Is PEPE the Next $1 Meme Coin?

This week’s momentum has enabled Pepe to escape from an almost two-month bull flag formation, paving the way for a potential parabolic surge.

The breakout corresponds with a support trendline that dates back to May, reinforcing the continuation of July’s bullish trend, now that it has emerged from consolidation.

PEPE / USDT 1-day chart, bull flag pattern breakout. Source: TradingView.

However, momentum appears to be showing signs of slowing. The RSI has sharply corrected after exceeding the overbought threshold at 75, which often indicates local peaks on the 4-hour chart.

The MACD has also entered a death cross, suggesting a short-term correction and a possible retest of the flag’s upper boundary around $0.00001 as support.

Macro factors could soon alter the dynamics. With U.S. interest rate cuts anticipated to generate new demand for risk assets in just five days, Pepe might see its bullish momentum reinstated.

If fully realized, the bull flag aims for a return to $0.000016, representing a 50% increase to reclaim Pepe’s May peak.

A more robust rally, supported by up to 75 basis points in rate cuts before the year’s end, could propel the price toward $0.000040—an impressive 280% increase.

As Pepe has yet to gain from TradFi exposure through ETFs and corporate treasury investments, demand remains untapped, making the $1 milestone a more plausible long-term objective.

New “Mine-to-Earn” Pepe Coin Lets You Build a Virtual Mining Rig and Earn Passive Income

Frustrated with waiting for significant movements from large-cap meme coins like PEPE?

PEPENODE ($PEPENODE) revolutionizes the landscape with a first-of-its-kind mine-to-earn model, designed for investors seeking daily rewards rather than just long-term aspirations.

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No costly hardware needed.

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Everything is on-chain, and presale participants are already earning.

Each node upgrade incinerates 70% of the tokens utilized, introducing constant deflation to bolster long-term value.

With over $1 million raised in the first week, momentum is rapidly increasing.

Prefer passive staking?

Early participants can secure up to 1130% APY, even prior to the launch of the mining gameplay.

As the simulator grows, holders will also gain bonus rewards in meme coins like PEPE and Fartcoin, based on their performance.

The current presale price is just $0.001049, but it is set to increase in the next round.

Join the $PEPENODE presale now on the official website to start mining.

To stay informed, you can also follow PepeNode on X (formerly Twitter).

Visit the Official Website Here

The post Pepe Price Prediction: PEPE Breaks Out Ahead of DOGE ETF – Will Pepe Become the Next $1 Meme Coin? appeared first on Cryptonews.