$PEPE 's Comeback Potential: A Meme Coin on the Rise?
$PEPE's price surged 5% after Donald Trump's May 29 Truth Social tweet, which some users believed hinted at the meme currency. However, the excitement was short-lived, as profit-taking and market pressure led to an 18% drop.
Key Factors Influencing $PEPE's Price
Chart Patterns: $PEPE is forming a cup-and-handle pattern that started five months ago, potentially paving the way for a price increase to $0.000026 if it breaks above the handle.
Fibonacci Retracement Level: The 0.618 level at $0.00001 may act as a bounce point. If this level breaks, the price might aim for $0.000008.
Market Sentiment: Social buzz and market anxiety pushed $PEPE down after its brief surge, indicating that the coin needs more than just a social media post to drive prices up.
Trade News: The US Court of International Trade's decision to overturn Trump's tariff suspensions around $PEPE's peak may have tempered market risk-taking, causing traders to sell meme currencies due to fears of tariffs and slower growth.
Price Predictions
Short-term: PEPE might reach $0.000026 by mid-June if it breaks resistance. However, dropping MACD and RSI suggest additional selling first.
Long-term: Some predictions suggest PEPE could hit $0.00008078 by January 2025, representing a 227.36% increase from current prices.
2025 Projections: PEPE is expected to swing between $0.00004200 and $0.000116, with a central price of $0.00006718 ¹.
Current Price and Market Status
Current Price: $0.000013
Market Cap: $5.42B
Fear & Greed Index*: 56 (Greed) to 83 (Extreme Greed), indicating a neutral to bullish sentiment ² ¹.
