Pepe Price Outlook: Whales Accumulate as Volume Hits $2.7B — Can PEPE Overtake Dogecoin?
The Pepe price has declined by 6% in the past 24 hours, sliding to $0.000009616 as the crypto Market as a whole loses 1.5% today.
PEPE is also down by 15% in a week, yet the meme Token is still up by 38% in a month and by 1,275% in a year.
This means PEPE is the best-performing top-50 coin of the past 12 months, with its 24-hour volume suggesting that it continues to attract plenty of demand.
- PEPE is down 6% in the past 24 hours.
- The meme token is up 38% in a month and 1,275% in a year.
- PEPE's 24-hour volume indicates significant demand.
Pepe Price Recovery and Technical Analysis
Despite the fall today, it’s encouraging to see that the Pepe price has bounced off the coin’s support level, suggesting that a recovery may be very close.
The token’s relative strength index would certainly agree that a rebound should be on its way, given that it had entered an oversold position this morning.
On the other hand, we may have to wait until PEPE’s 30-period average sinks below the 200-period average and bottoms before we see a sustained recovery.
- The Pepe price is showing signs of recovery.
- The relative strength index indicates a rebound is imminent.
- Waiting for moving averages to align for sustained recovery.
Pepe Market Health and Future Forecast
PEPE’s market remains in good health overall, especially when it continues to command trading volumes in excess of $2.5 billion.
With a trading volume significantly higher than other meme tokens like SHIB and DOGE, PEPE is currently the most popular meme token in the market.
In the current market context, the Pepe price is likely to return to $0.000012 by the end of the month and reach $0.000015 by the end of November.
- PEPE has a healthy market with high trading volumes.
- PEPE is the most popular meme token currently.
- Price forecast: $0.000012 by end of month, $0.000015 by end of November.
New Presale Meme Tokens Bring Big Potential
For traders looking to diversify beyond top-100 tokens, there are numerous smaller cap coins in the market that look very promising right now.
One of the newest and most interesting is Flockerz (FLOCK), an ERC-20 token that has raised $500,000 after launching its presale a few weeks ago.
Flockerz is exciting because it’s the market's first-ever vote-to-earn token, rewarding its holders for participating in Governance votes.
- Flockerz (FLOCK) is an ERC-20 token with promising potential.
- Flockerz Rewards holders for participating in governance votes.
- Ownership of FLOCK likely to incentivize engagement and Staking.
Investors can join Flockerz presale by going to its official website and connecting their Wallets.
They can currently buy FLOCK at a price of $0.005724 per token, although this will rise again in just under two days.
Interested buyers should act quickly, especially if FLOCK ends up skyrocketing when it lists.
