Pepe Price Prediction: PEPE has rebounded from key support levels, and trading volume is on the rise. Can it reach $1?
Pepe (PEPE) has risen by 5.7% in the past 24 hours, with trading volume rebounding from recent lows, exceeding $500 million. A top cryptocurrency trader believes this trend could be bullish for Pepe's price prediction.
Trader Ali Martinez's X account has over 146,000 followers, and he shared on Tuesday that the TD Sequential indicator flashed a buy signal on Pepe's daily chart.
This tool is used to identify trend reversals on price charts. The latest buy signal appeared when Pepe's trading price reached $0.00001064, currently achieving about 2% profit.
If trading volume exceeds around $1 billion, it may further confirm this bullish outlook, as PEPE's biggest moves often occur when trading volume reaches this level.
In the futures market, the open interest (OI) closing price yesterday was 41% lower than the recent peak of $1 billion, indicating that traders are not yet convinced about PEPE's positive outlook.
If the buy signal is confirmed, PEPE's price may reach at least $0.00001200 in the coming days, implying an 11% upside potential in the short term.
Pepe Price Prediction: PEPE has risen after touching key support levels – expected to break through $0.00001450.
The 4-hour chart shows that the token rebounded strongly from the $0.00001000 area. This is a key psychological threshold worth watching, and buying interest seems strong enough to confirm that PEPE has reached a temporary bottom.
In the lower time frame before the U.S. trading session opened, the volume has been increasing. The 200-period exponential moving average (EMA) has hindered PEPE from reaching the first target level of $0.00001200.
If the price breaks through these areas, a significant rise to $0.00001450 is expected. Establishing a position at this point would bring higher returns.
Unless there is a large-scale token burn, setting a price target of $1 for PEPE is unrealistic, as Pepe's circulating supply is 420.7 trillion tokens. However, these latest price trend signals do indicate an upcoming rebound, which could push PEPE to its recent highs.
