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The Pepe price has increased 28% in the last week and 1% in the past 24 hours to trade for $0.00001216 as of 01:21 a.m. on trading volume that jumped 30%.
This price pump reflects the broader market mood as meme coins mirror prevailing bullish sentiment.
The $PEPE chart looks giga bullish. $PEPE build the same pattern again but on a larger scale, that means 🚀🚀🚀 soon. pic.twitter.com/7moDMzRH2v
— Captain Pepe 🐸 (0x69) (@captainpepe0x69) July 22, 2024
Brian Garret, founder and CEO of global entertainment brand Future Star, highlights multiple whale PEPE token purchases.
A lot of big $PEPE buys today and these are just within the past few hours 💰 pic.twitter.com/xYqdEGsqfQ
— Brian Garrett (@BrianGarrett) July 21, 2024
These position the Pepe price for more upside potential contingent on how the bulls play their hand.
$PEPE breakout imminent. pic.twitter.com/23cbRYYoVF
— Plazma (@Plazma0x) July 21, 2024
PEPE Price Prediction
The Pepe price is trading with a bullish bias, coiling up for a possible reinvigorated uptrend. It is well above the 50% Fibonacci placeholder but still within the Fibonacci Golden Zone, confronting resistance due to the 38.2% Fibonacci level of $0.00001225.
If bullish momentum increases, the Pepe price could overcome the aforementioned blockade. A decisive candlestick close above it in the one-day timeframe would confirm the uptrend. In a highly bullish case, the frog-themed token could extend a neck higher to test the 23.6% Fibonacci retracement level of $0.00001417.
Based on the outlook of the Relative Strength Index (RSI), which remains above the mean level of 50, the bulls are leading the PEPE market. The Moving Average Convergence Divergence (MACD) is also above the signal line (orange band); suggesting buying pressure exceeds seller momentum. With this, the Pepe price could extend the climb.
GeckoTerminal: PEPE/USD 1-day chart
Converse Case
On the flip side, a closer look shows that the upside potential for the PEPE price is under threat. This is because of its consolidation within a bearish pennant pattern. A bearish pennant pattern typically resembles a small symmetrical triangle in which the price moves in a narrowing range while forming lower highs and higher lows.
Traders interpret a bearish pennant as a signal that the previous downward trend is likely to continue. The pattern suggests that sellers are gaining control and preparing for another leg down in price. Once the price breaks below the lower trendline of the pennant, it may result in a further decline.
With this, PEPE holders should watch for a breakdown of the lower pennant trendline, a move that could see the Pepe price extend the fall to the 50% Fibonacci placeholder of $0.00001070. In a fire case, the downtrend could extend for the PEPE price to test the 61.8% Fibonacci retracement level of $0.00000915.
As Pepe pushes for further upside, the new Pepe Unchained (PEPU) meme coin is rocketing towards $5 million in funds raised.
This layer-2 meme coin is taking the sector by storm and prompted the 99Bitcoins YouTube channel, with over 705k subscribers, to say it has the potential to soar 100X after its launch.
Promising Alternative To PEPE
Pepe Unchained is a meme coin project that aims to follow in the footsteps of its predecessor, the original Pepe (PEPE), by returning parabolic gains.
PEPU stands out as the first Pepe derivative to run on its own proprietary Ethereum Layer 2 blockchain.
The incubation is in progress 🧠 pic.twitter.com/vXHSV9h368
— Pepe Unchained (@pepe_unchained) July 21, 2024
The Pepe Unchained project is committed to addressing the scalability, speed, and efficiency characteristics associated with meme coins built on the Ethereum Layer-1 blockchain. With this objective, this Layer-2 (L2) blockchain meme coin plans to enable investors to seize market opportunities more efficiently.
Pepe has broken his chains with his own layer 2 blockchain solution:
🧠 Instant bridging between ETH and Pepe Chain
🧠 Lowest transaction fees
🧠 100x faster transaction speeds compared to ETH
🧠 Dedicated Block ExplorerJoin the future with Pepe Unchained! ⛓️🐸 pic.twitter.com/hluCsuV1Xz
— Pepe Unchained (@pepe_unchained) July 1, 2024
You can stake PEPU tokens for an annual return of 398%. The distribution of $PEPU token rewards will occur at a rate of 608.82 $PEPU tokens per ETH block. These rewards will be disbursed over 2 years.
You can buy PEPU tokens for $0.008596 each. With a price hike coming in less than 2 days, buy soon to lock in the best deal.
Visit and buy Pepe Unchained here.
Also Read:
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- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited – playdoge.io
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