#PepeCoinToTheMoon 🚀❤️‍🔥

Pepe Current Status: Pepe price has been displaying massive strength since the start of the month by squashing the bearish influence over the rally. The price surged close to 90% throughout the past week and is consolidating as the bulls seem to be relaxed a bit. However, technical indicators continue to flash bullish signals, indicating the price could revamp a strong upswing soon.

Market Performance: The Pepe price is facing a huge loss as it has dropped over 10% in the past 24 hours and is trading around 0.00002099. While the market capitalisation has also dropped with a similar range, which is around $5.45 billion, while the trading volume is around $5.78 billion with a rise of 5.79%. The bullish sentiments for the token have risen to 87%, while the Fear-Greed Index slightly plunged to 84, but sentiments remain extremely greedy.

Technical Analysis: The price surged above the 50-day and 200-day Moving average in the long term and is heading towards a bullish crossover. Therefore, the buying pressure is expected to pile up soon, which could elevate the levels beyond the yearly highs. With this, the bulls could become self-assured of the next price action and mark fresh highs.

PEPE Price Prediction: The market dynamics are slowly changing in favor of the bulls, which is expected to induce the required momentum within the rally. With the rise in the buying volume, the buying pressure is also expected to rise, which may help the token to remain elevated until the end of the year.

Future Outlook: The dog and cat based tokens like Pepe, FLOKI, etc. gear up as soon as the Bitcoin price barges into the resistance. Now that the BTC price is expected to reach its peak, the Pepe price is also believed to follow the trend and eliminate a zero from its value.

$PEPE #2024withBinance