The bullish PEPE price forecast for 2023 ranges from $0.0000008291 to $0.0000011334.
The price of #pepe (PEPE) might soon hit $0.000005.
For 2023, the bearish (PEPE) price projection is $0.0000004366.
In this $PEPE (PEPE) price prediction 2023, 2024-2030, we will examine the price patterns of PEPE utilising precise trader-friendly technical analysis indicators to forecast the cryptocurrency's future movement.
PEPE is a deflationary memecoin that was introduced on Ethereum. PEPE is a one-of-a-kind offering in the meme coin market, drawing on the heritage of Pepe the Frog, a mascot with a long and contentious history. The burning process of PEPE emphasises its distinct nature, seeking to preserve scarcity in the market.
PEPE is an Ethereum blockchain ERC-20 token safeguarded by the Proof-of-Stake (PoS) consensus method. To process transactions and safeguard the network, decentralised validators stake 32 ETH.
Price Forecast for Pepe (PEPE) in 2023
Pepe (PEPE) has the tenth highest market capitalization on CoinMarketCap. A daily time frame is used to give the summary of the Pepe price projection for 2023.
Pepe (PEPE) created a Descending Channel in the above chart. The falling channel is also known as the descending channel. Two parallel trendlines form a descending channel. The top trendline, which connects the highs, and the lower trendline, which connects the lows, travel downwards in tandem. This pattern is typical of a bearish market.
The price of Pepe (PEPE) at the time of analysis was $0.0000006264. If the pattern trend continues, the price of PEPE might approach $0.0000008016 and $0.0000010173 as resistance levels. If the trend changes, the price of PEPE may fall below support levels of $0.0000006488 and $0.0000005960.
Resistance and Support Levels for Pepe (PEPE)
The chart below depicts the potential resistance and support levels for Pepe (PEPE) in 2023.
Based on the aforementioned chart, we can evaluate and identify the following as Pepe (PEPE) resistance and support levels for 2023.
Level 1 Resistance $0.0000008291
Level 2 Resistance $0.0000011334
Level 1 Support $0.0000005926
Level 2 Support $0.0000004366
Levels of PEPE Resistance and Support
Price Forecast for Pepe (PEPE) in 2023 — RVOL, MA, and RSI
The chart below depicts technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) for Pepe (PEPE).
RVOL, MA, and RSI for the PEPE/USDT pair (Image courtesy of TradingView)
We may get the following conclusions about the present Pepe (PEPE) market in 2023 based on the data on the chart above.
INDICATOR PURPOSE READING INFERENCE
Moving Average 50 Days (50MA)
The present trend's nature may be determined by comparing the average price over the last 50 days.
50 MA = $0.0000009632
(50 MA > Price) = $0.0000006411
Bearish(Downtrend)
Index of Relative Strength (RSI)
Price change magnitude; analysis of oversold and overbought circumstances
Oversold = 25.45 30
>70 = Overbought>50-70 = Neutral
Oversold
Relative Volume (RVOL) The trading volume of an asset in proportion to its recent average volumes.
beneath the cutoff line
Price Forecast for Weak Volume Pepe (PEPE) in 2023 — ADX, RVI
We examine the strength and volatility of Pepe (PEPE) in the chart below using the technical analysis indicators Average Directional Index (ADX) and Relative Volatility Index (RVI) (RVI).
We may draw the following conclusions about Pepe's price momentum based on the information on the chart above (PEPE).
INDICATOR PURPOSE READING INFERENCE
Directional Index Average (ADX)
The trend momentum's strength
61.6882455963 strong Index of Relative Volatility Trend (RVI) Volatility over a certain time frame 44.83 = Mild Volatility >50 = Extreme VolatilityPEPE in comparison to BTC and ETH
Compare the price fluctuations of Pepe (PEPE) to those of Bitcoin (BTC) and Ethereum (ETH) (ETH).
According to the preceding chart, the price activity of PEPE is comparable to that of BTC and ETH. That is, as the price of BTC and ETH rises or falls, the price of PEPE rises or falls accordingly.
Price Forecast for Pepe (PEPE) in 2024, 2025, and 2030
Let us forecast the price of Pepe (PEPE) between 2024, 2025, 2026, 2027, 2028, 2029, and 2030 using the aforementioned technical analysis indicators and trend patterns.
Yearly Price Bullish Price Bearish Pricing
Price Prediction for Pepe (PEPE) in 2024: $0.000007 $0.0000009 Price Prediction for Pepe (PEPE) in 2025: $0.00001 $0.000001
Price Forecast for Pepe (PEPE) in 2026 $0.00004 $0.000002
Price Forecast for Pepe (PEPE) in 2027 $0.00007 $0.000004
Price Forecast for Pepe (PEPE) in 2028 $0.0002 $0.000006
Price Forecast for Pepe (PEPE) in 2029 $0.0006 $0.000007
Price Forecast for Pepe (PEPE) in 2030 $0.001 $0.00001
Conclusion
If Pepe (PEPE) proves itself as a viable investment in 2023, the cryptocurrency will benefit this year. Finally, the optimistic Pepe (PEPE) price forecast for 2023 is $0.0000011334. In comparison, the bearish Pepe (PEPE) price projection for 2023 is $0.0000004366 if unfavourable emotion is activated.
If market momentum and investor mood improve, Pepe (PEPE) might reach $0.000005. Additionally, as the Pepe ecosystem evolves, PEPE may surpass its current all-time high (ATH) of $0.000004354 and establish a new ATH.
