Current Market Conditions
As of June 2024, the price of PEPE coin is $0.000009844, with a market value of approximately $4.14 billion. The price of PEPE coin has increased by about 70% in the past week, making it one of the meme coins with the largest increase.
Recent performance
PEPE coin experienced significant gains in February and March of this year, reaching a new all-time high price of $0.00001725. The rally was largely driven by the U.S. Securities and Exchange Commission’s (SEC) approval of an Ethereum ETF application
market prediction
According to market analysis, PEPE coin may continue to rise in the next few months, but it also faces a certain risk of correction. Market analysts pointed out that the price of PEPE coin may reach $0.000020 in the short term, and if market sentiment continues to be high, the price may rise further to $0.000030
technical analysis
Technical indicators show that PEPE is currently overbought, with the RSI exceeding 70, which usually indicates that prices may be pulled back. Market experts suggest that investors should pay attention to PEPE's 50-day exponential moving average (EMA) and key support levels to prepare for potential price fluctuations.
Summarize
PEPE coin has performed strongly recently, but the market volatility is high, so investors need to be cautious. In the next few months, PEPE coin may continue to rise, but we need to be wary of the risk of a short-term correction.
