Pepe Price Prediction: PEPE Goes Ballistic With 52% Pump, But Experts Say This New Solana Meme Coin May Become The Next Bonk

The Pepe price soared 52% in the last 24 hours to trade at $0.00000209 as of 00:27 a.m. EST on trading volume that surged 372% to $745 million.

This comes as Pepe shows signs of a bullish bias, outperforming the top meme coins by market cap: Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK).

Meme coins pumped as Bitcoin soared with BTC rocketing past the psychological threshold of $55,000 to reach $56,000 as it nears the Bitcoin halving event in April. 

Pepe Price Bullish, Breaks The Upper Boundary Of The Falling Wedge

Pepe Price Chart Analysis Source: Tradingview.com
PEPEUSD Chart Analysis Source: Tradingview.com

The Pepe price has been experiencing a downward trend since December, following a falling wedge pattern. With $0.00000086 serving as a solid support level, the bulls have managed to rally the price, breaking through the upper boundary of the pattern.

PEPE is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish sentiments. Furthermore, the 50-day Simple Moving Average (SMA) is trading above the 200-day SMA, forming a golden cross at the $0.00000112 level. This indicates a looming strong bullish movement to the upside.

The Relative Strength Index (RSI) is trading above the 70-overbought region at 85. This shows intense buying pressure, affirming the current investor’s optimism to push the Pepe price higher.

PEPEUSDT_MACD

Additionally, the Moving Average Convergence Divergence (MACD) reinforces the bullish outlook for Pepe’s price, as the moving average line (blue) crosses above the signal line (orange). This bullish crossover signals an encouragement for investors to buy more, potentially propelling the price to even greater heights.

The green bars on the histogram extend above the zero line, which indicates a general positive momentum.

Pepe Price Prediction

The long-term Analysis for the Pepe price suggests the beginning of a bullish rally, marked by the price breaking above the falling wedge pattern. 

Furthermore, with the emergence of a cup and handle pattern, the bulls are setting their sights on a target of $0.00000242, representing a 15% increase from the current price. 

Should the bears gain control at this level, a minor price retracement to the $0.00000115 support zone could occur, aligning with the 50-day Simple Moving Average (SMA).

Meanwhile, investors looking for alternative coins to battle PEPE and BONK may want to consider Smog, which promises the biggest airdrop ever.

Smog Plans Biggest Airdrop In History

The Smog token has rapidly gained popularity as analysts predict it’s set to outperform Solana meme coin titans including BONK, MYRO, and WIF.

Smog is also promising to surpass the success of other airdrops on Solana, including those of Jupiter and Pyth Network. To achieve this milestone, the team has already allocated 35% of the total 1.4 billion token supply for the airdrop, said to be the ‘greatest in history.’

Buy And Hold $SMOG, Qualify For The Biggest Airdrop

There are two main ways to participate in the airdrop. One, you can simply buy and hold $SMOG tokens, and, two, you can also accumulate airdrop points in Smog’s socials, managed by Zealy. This gamified method involves taking part in different tasks through challenges and completing them.

There are already over 10,000 airdrop members on Zealy, with over 600,000 tasks completed.

You can also earn passively through Smog’s staking option, earning an impressive 42% annual percentage yield (APY).

According to Jacob Bury, a prominent crypto analyst and YouTuber, Smog has the potential to surge 100X.

The token has over 28,800 holders and a 65,000-member community across platforms, and its market cap has surged to $42 million. Plans for listings on major exchanges are underway, making it an opportune time to join the project.

You can buy the SMOG token on its official website to be eligible for the historic airdrop.

Related News

  •  🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰
  • Upcoming Crypto Presales: Unlock Early Investment Opportunities! 🚀🌟
  • A How-To Guide on Buying Cryptocurrency Safely in 2024

Comments

Post a Comment

Popular posts from this blog

Tax Strategy for XRP: Lawyer Urges Caution Before Dipping for Altcoins

Jeremy Hogan advises crypto holders to be cautious of crypto tax as they optimize for profit in the bull run. He pointed out the tax advantages of not liquidating XRP held for over a year. Per the lawyer, long-term capital gains incur a lower 15% tax rate than the higher 30% rate for short-term gains. Prominent legal expert Jeremy Hogan, Partner at ‘Hogan & Hogan’ has offered counsel to crypto holders, urging caution in the disposition of their XRP assets. In a recent post on X, Hogan shared guidance with crypto investors looking to maximize their tax efficiency amid the anticipated crypto bull market. The lawyer’s counsel targeted crypto enthusiasts based in the United States. He advised considering the tax obligation on their crypto investment from the angle of the duration of the token holdings. Hogan pointed out that maintaining a token for over a year could result in a more advantageous tax scenario. He noted that long-term capital gains, applicable ...
Read more

Bitbot gears up for presale amid uncertainty ahead of first BTC options expiry post ETF approval

BTC options expiry reveals short-term volatility post ETF approval. Bitbot’s presale on Jan 17 promises unprecedented excitement with self-custodial solutions. With a total supply of 1 billion tokens, Bitbot aims for a $1B market cap and top listings. As 2024 signals the potential start of a new bull run, the crypto market is buzzing with excitement. The recent Bitcoin ETF approval sparks short-term volatility, while Bitbot, a revolutionary Telegram trading bot, gears up for its token presale on January 17. In this article, we delve into the first anticipated Bitcoin options expiry post Bitcoin ETF approval and the upcoming Bitbot presale , exploring the potential for exhilarating opportunities in the evolving crypto landscape. First BTC Options expiry post Bitcoin ETF approval The approval of the Bitcoin Spot ETF on Wall Street has set the stage for unprecedented market movements. Despite the historical significance, Bitcoin’s price exhibit...
Read more

MicroStrategy’s Saylor Sells $216M of His Shares to Buy More Bitcoin

MicroStrategy’s executive chairman, Michael Saylor, is selling $216 million worth of company shares. Saylor plans to use the proceeds to expand his personal Bitcoin holdings. The sell-off began with 5,000 shares on January 2, with 5,000 shares scheduled to be sold every trading day for the next four months. MicroStrategy‘s executive chairman, Michael Saylor, has begun selling $216 million worth of his shares in the company. The decision reveals Saylor’s intention to utilize part of the proceeds to expand his personal Bitcoin holdings. Saylor, a prominent advocate for cryptocurrency adoption, unveiled this plan in a filing with the U.S. Securities and Exchange Commission (SEC). The regulatory filing reveals that Saylor is selling 315,000 MicroStrategy shares acquired via stock options. 310,000 of these were granted in 2014 and are set to expire in April of this year. Saylor has already begun the sell-off, initiating the process with the sa...
Read more