Pepe's price has sharply declined by 9% in the past 24 hours, reaching its lowest point since early November 2024. We explore the reasons behind this change and its possible implications.
Current Pepe Price
As of 2:20 a.m. EST, Pepe's price was $0.000009327 with trading volume surging 28% to $855.3 million. Over the past week, the meme coin has dropped 28% from $0.00001299 to its current level. This decline makes Pepe's weekly chart look similar to Bitcoin's, showing the third-largest meme coin is closely following Bitcoin's movements.
Pepe Price Prediction
Pepe's sharp price drop occurred about 15 hours ago from the current time. Bollinger Bands were relatively stable before the drop. However, as the price decreased, Bollinger Bands widened with prices fluctuating sharply. Volatility is increasing, indicating potential strong price movements. The Relative Strength Index showed a battle between bulls and bears as it moved between oversold and neutral areas.
Promising Alternative To Pepe
While Pepe is facing challenges, other projects like Wall Street Pepe (WEPE) are showing promise with its ongoing ICO. The project has raised $71 million, nearing its $72 million hard cap. Following its ICO, the tokens will likely enter exchanges potentially boosting their value. The project aims to empower retail traders with trading tools and insights.
The current situation with Pepe reflects its volatility in the cryptocurrency market. The potential growth of alternative projects like Wall Street Pepe highlights the wide interest in meme coins. Keep an eye on developments to stay informed about market changes.
