Pepe Price Prediction: PEPE Pumps 74% In A Week As A FOMO Frenzy Sees Pepe Unchained Presale Obliterate $34 Million
The Pepe price skyrocketed 74% in the last week, despite plunging 15% in the last 24 hours, to trade at $0.00002065 as of 8:46 p.m. EST on trading volume that dropped 55% to $5 billion, according to CoinGecko . Pepe Price Could Still Soar The Pepe price overall trend is bullish due to the sharp upward price movement followed by a consolidation phase forming a symmetrical triangle, a continuation pattern typically seen during bullish trends. According to the PEPE/USDT chart Analysis on the 4-hour timeframe, the price of Pepe now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish trend. The current Relative Strength Index (RSI) is at 54.05, slightly above the midline (50), suggesting neutral momentum after being overbought previously (as seen when the RSI was near 80 during the rally). The RSI cooling off from the overbought zone is healthy, as it allows the price to consolidate without major corrections. Furthermore...