$PEPE
🚨Market Context and Price Targets🚨
Pepe’s recovery coincides with better overall market conditions. Bitcoin and Ethereum have both recovered from recent lows, and Ethereum has broken above $2,600. With Pepe highly correlated with Ethereum, such a background serves to strengthen a bullish argument even more.
Now ranked 27th by market cap at $5.3 billion, with more than $1 billion in 24-hour trading volume, Pepe has moved itself into the ranks of the top memecoins, next to Shiba Inu in the Ethereum ecosystem.
The near-term PEPE price prediction is around piercing resistance at $0.00001538 and hitting the May high of $0.00001615. A decisive move above that could prime the ground for the longer-term resistance of $0.00002830—a 123% increase from where it sits.
On the down side, the 200-day EMA at $0.00001107 remains the significant support to watch out for. Breaking below it can negate the bullish pattern and trigger more serious corrections, with levels of support at $0.000010 and $0.00000875.
