Despite the fact that the meme cryptocurrency Pepe (PEPE) appeared on the cryptocurrency market relatively recently, it has already captivated many members of the crypto community.

For a time, the coin even tried to eclipse Dogecoin (DOGE) and Shiba Inu (SHIB), but judging by the predictions of the machine algorithm, the coin’s price achievements may not be so impressive in the near future.

Machine learning algorithms deployed by cryptocurrency monitoring and forecasting platform PricePredictions calculated that on July 1, 2023, the price of Pepe could drop to $0.000001585.

If the above forecast using indicators such as Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Bollinger Bands (BB) and others turns out to be correct, we will see a decline of 1.06% from the current price Pepe at $0.000001602.

Today, the token gained 0.91% on the day, showing a significant gain of 71.30% compared to the previous week and an increase of 10.67% on the monthly chart.

Meanwhile, 1-day technical analysis indicators on financial and cryptocurrency analysis platform TradingView are also bullish on the asset.

We see a "buy" offer at 10, which is a result of the oscillators being in a "neutral" range at 8 and the moving averages (MA) showing a "strong buy" at 9. #pepe