PEPE: In-depth analysis and bold predictions for the year
Dear friends, today let's talk about PEPE, the popular meme cryptocurrency, and see how it may play the market in 2024!
1. Big guesses on the price throughout the year
By the end of 2024, the price of PEPE may be like a roller coaster, with a minimum drop to $0.000005, but a maximum of $0.00003! On average, it is around $0.00002.
2. Look at each month
Especially in the second half of the year, in August and September, PEPE may stabilize between $0.00001 and $0.000015. If the market is strong, it may even rise. After October, it will be lively, and the price will soar, and it is expected to reach a high of $0.00002 to $0.00003 before the end of the year.
3. Hard-core knowledge of technical analysis
We have to look at those professional indicators, such as RSI. Now PEPE's RSI is close to 40, which means it is standing in a tepid place. If it drops below 30, it will be a good time to buy the bottom. There is also a moving average. The 50-day moving average is hovering at $0.000012, which is a strong backing for PEPE; the 200-day moving average is at $0.000015. If it breaks through it, PEPE can start a long-term rising mode.
Bollinger Bands also show that PEPE may be about to bottom out and rebound. Although MACD is still bearish now, the histogram is shrinking. Maybe it will reverse one day. We have to keep an eye on it.
4. Market Things
PEPE, a meme coin, loves to follow the hype of social media and communities. The rise and fall come quickly, making people love and fear it. Once the trading volume goes up, it means that everyone is enthusiastic, and the price will naturally fly. But don't forget that Bitcoin is still the boss. Once it sneezes, PEPE and other younger brothers may catch a cold.
5. Conclusion
In general, PEPE is still worth watching in 2024, but don't forget its love of making trouble. When we invest, we must use technical indicators as a guide, find the right time to enter and exit, and don't be confused by the price trend!
I will announce the specific big moves later, click on the avatar to follow me and share directly!
