🔍 Price predictions for "PEPE", the best-performing meme coin recently, will it reach *$10*?

✅ In the same context, the open futures value of PEPE reached an all-time high on May 22, with the price of the coin hitting its recently recorded peak at $0.00001552. At that time, the total value of open PEPE futures contracts increased to $695 million.

💵 With the recent improvement in the performance of meme coins, traders began to question the price prospects of PEPE? In this article, we will review its recent price movements to explore its potential direction in the coming days.

📉 PEPE Price Forecast: Can it reach $0.00001500 and retest the trend line?

💹 The price movements of PEPE broke the support level of the rising trend line on May 30, with strong trading volumes as the market underwent a much-needed correction wave, coinciding with the RSI (Relative Strength Index) reading exiting the overbought zone and the momentum waning.

At that point, the 9-day and 21-day exponential moving average (EMA-9 & 21) intersected with their long-term counterpart - the 200-day EMA (EMA-200) and settled below in what is technically known as a 'death cross', which represents a strong sell signal indicating a reversal of direction and escalation of declines. Currently, the price of PEPE is retesting the EMA-200 indicator showing early signs of failing to break it.

At the very least, the level of $0.00001500 will be retested, which could provide gains of about 19% in the near term. If the price fails to break this barrier, PEPE may experience a wave of medium to long-term declines, but the continuation of its upward trajectory in the coming days remains likely as long as the price holds the support level of $0.00001100.

But, can the price of PEPE reach the $10 mark soon? The increase in PEPE's market value to exceed $4.2 quadrillion under this scenario seems highly unlikely, but its price forecasts remain promising at the time of writing this report.

As meme coins continue to make a strong comeback, the best new cryptocurrency offerings based on the Solana blockchain - currently highlighted by (SOLX) Solaxy, known for its rapidly growing technological system in the meme coin category - could outperform some of the more established digital assets in the crypto sector.

$PEPE

$SOL

$BNB

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