As ETH approaches $5,000, Pepe's trading volume has surged—Pepe price predictions have turned bullish, and momentum is rapidly increasing.
With Ethereum (ETH) prices nearing $5,000, Pepe's trading volume has soared to over $1 billion in the past few days. This supports a bullish price prediction for PEPE, indicating that the token will achieve substantial gains in the short term.
After hitting a recent low of $479 million on August 6, the trading volume in the PEPE spot market has been steadily increasing, closing at $1.4 billion yesterday, accounting for 28% of the token's circulating market cap.
This indicates how much buying pressure there is when this meme coin approaches the $0.00001200 area.
Despite the huge trading volume, PEPE has still dropped 1.95% over the past 30 days. Currently, the market may be in an accumulation phase, and whale investors might be preparing for the next explosive surge.
As an ERC-20 token, PEPE benefits from the positive performance of Ethereum (ETH), which drives increased trading volume in the Ethereum ecosystem.
As ETH approaches its all-time high, with the beginning of altcoin season, Pepe may be on the verge of experiencing strong growth.
Pepe Price Prediction: PEPE Trendline Support Holding – Expected to Gain 194%?
The daily chart supports a bullish Pepe price prediction, as strong trendline support has once again been confirmed during the recent slump.
PEPE has clearly rebounded from the key support level, and with the rapid strengthening of bullish momentum, it seems poised to rise to $0.00001500.
The Relative Strength Index (RSI) has broken through the midline, and at the same time, the trading volume has also surpassed the 14-day average. This is a strong signal of increasing buyer interest.
Since PEPE is still below recent highs, this moment may be a golden entry point before the next round of price increase.
If the resistance level of $0.00001500 turns into support, Pepe's short-term target could leap by 194%, with the next key price target at $0.000035, and the market outlook is bullish.
