The Pepe price dropped 13% in the last 24 hours to trade at $0.000008821 as of 5 a.m. EST on trading volume that plummeted 33% to $1.2 billion.
Despite the plunge, recent data from Etherscan shows that whales are still buying the meme coin, with one purchase of $58K earlier today even amid rising tensions in the Middle East.
Pepe Price Prediction
Pepe’s Bollinger bands have seen a massive widening, which is typically seen as a bullish signal. However, this is only the case because the price pushed the lowed band down over the past several hours. Now, however, the price is showing signs that it is ready for a recovery, as it already detached itself from the band, and is now moving back toward the central area between the two bands.
This is one of the earliest signs of recovery, making this the best time to buy Pepe.
This sentiment is further encouraged by the project’s Relative Strength Index (RSI) value, which sank deeply into the oversold zone, rushing past the border value of 30, and sinking all the way to 20.43 a few hours ago. Since then, the RSI has started growing again, which suggests that traders have already started buying as soon as the metric reached its bottom.
However, it remains to be seen whether PEPE will be able to launch a full recovery or if its price will settle between the two bands again. This will mostly depend on the bulls, and whether they can take over the market. If not, then the Pepe price will have to wait for Bitcoin’s own recovery to allow for the price to go back up.
Promising Alternative To Pepe
Investors eager to find the next PEPE might also consider Pepe Unchained (PEPU), a new and very popular PEPE alternative that has just blasted past $17 million in its blockbuster presale.
Pepe Unchained is easily one of the most successful meme coin ICOs of this year, and it attracted a lot of attention and money thanks to the fact that it is the first Pepe-inspired meme coin to have its own blockchain.
While the original Pepe is based on Ethereum’s network, it is also limited by the network’s outdated technical capabilities.
Pepe Unchained, on the other hand, has its own Layer-2 blockchain, which already makes it unique among the cryptos inspired by the popular frog meme. On top of that, its chain lets it be much faster, cheaper, and more scalable.
ClayBro, a popular crypto YouTuber with over 130k subscribers, speculated that the project could explode post launch and that it holds 100x potential.
PEPU tokens sell for less than a cent, and are currently priced at $0.00991. You can buy PEPU with ETH, BNB, USDT, or credit/debit cards and join thousands of others who have already made their move on the upcoming meme coin.
With a price hike coming in less than 10 hours, buy soon to lock in the best deal.
Visit the official PEPU website here.
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