- Bullish PEPE price prediction for 2023 is $0.0000012552 to $0.0000018277.
- Pepe (PEPE) price might reach $0.00001 soon.
- Bearish PEPE price prediction for 2023 is $0.0000005026.
In this Pepe (PEPE) price prediction 2023, we will analyze the price patterns of PEPE by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency.
Pepe (PEPE) Current Market Status
| Current Price | $0.0000009547 |
| 24 – Hour Trading Volume | $114,210,015 |
| 24 – Hour Price Change | 3.14% Up |
| Circulating Supply | 391,790,000,000,000 |
| All – Time High | $0.000004354 (May 05, 2023) |
PEPE Current Market Status (Source: CoinMarketCap)
What is Pepe (PEPE)?
A deflationary memecoin launched on Ethereum is PEPE. PEPE presents a unique offering within the meme coin market by building upon the legacy of Pepe the Frog, a character with a longstanding and controversial history. PEPE‘s burning mechanism further highlights its distinct nature, aiming to maintain scarcity within the market.
PEPE is an ERC-20 token on the Ethereum blockchain, which is secured by the Proof-of-Stake (PoS) consensus mechanism.
Pepe (PEPE) Price Prediction 2023
Pepe (PEPE) ranks 88th on CoinMarketCap in terms of its market capitalization. The overview of the Pepeprice prediction for 2023 is explained below with a daily time frame.
PEPE/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Pepe (PEPE) laid out a descending channel pattern,.also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
At the time of analysis, the price of Pepe (PEPE) was recorded at $0.0000008962. If the pattern trend continues, then the price of PEPE might reach the resistance levels of $0.0000009752, $0.0000011724, $0.0000013406, and $0.0000015390. If the trend reverses, the price of PEPE may fall to the support of $0.0000008565.
Pepe (PEPE) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Pepe (PEPE) in 2023.
PEPE/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Pepe (PEPE) for 2023.
| Resistance Level 1 | $0.0000012552 |
| Resistance Level 2 | $0.0000018277 |
| Support Level 1 | $0.0000008435 |
| Support Level 2 | $0.0000005026 |
As per the above analysis, if Basic Attention’s (PEPE) bulls take the lead, then it might hit and break through its resistance level of $0.0000018277.
Conversely, if Basic Attention’s (PEPE) bears dominate the trend, the price of PEPE might plunge to $0.0000005026.
Pepe (PEPE) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Pepe (PEPE) are shown in the chart below.
PEPE/USDT RVOL, MA, RSI (Source: TradingView)
The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders identify unusual trading activity and changes in market sentiment.
At the time of analysis, the RVOL of Pepe (PEPE) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend.
The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish).
Notably, in the above chart, the PEPE price lies below 50 MA (short-term), indicating its lowtrend. Hence, PEPE is in a bearish state. Although this is the current state, a trend reversal might occur.
Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state.
Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal.
At the time of analysis, the RSI of PEPE is at 40.08. Therefore, this indicates PEPE is neither an overbought nor oversold state.
Pepe (PEPE) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Pepe (PEPE) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
PEPE/USDT ADX, RVI (Source: TradingView)
To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.
According to the data on the above chart, the ADX of PEPE lies in the range of 41.01 pointing out a strong trend.
The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of PEPE lies above 50, indicating high volatility.
Comparison of PEPE with BTC, ETH
Let us now compare the price movements of Pepe (PEPE) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs PEPE Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of PEPE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of PEPE also increases or decreases respectively.
Pepe (PEPE) Price Prediction 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Pepe (PEPE) between 2024 and 2030.
Pepe (PEPE) Price Prediction 2024
If bulls dominate the price momentum and trend patterns, then Pepe (PEPE) might successfully test and surpass its resistance levels to hit $0.00003 by 2024.
Pepe (PEPE) Price Prediction 2025
The significant upgrades in the Pepe ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Pepe (PEPE) price to reach $0.00005 by 2025.
Pepe (PEPE) Price Prediction 2026
If Pepe (PEPE) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $0.00009.
Pepe (PEPE) Price Prediction 2027
If Pepe (PEPE) sustains major resistance levels and stands as a better investment option in the market, then PEPE would rally to hit $0.0001.
Pepe (PEPE) Price Prediction 2028
If Pepe (PEPE) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then PEPE would hit $0.0003 by 2028.
Pepe (PEPE) Price Prediction 2029
If investors flock in and continue to place their bets on Pepe (PEPE), then the crypto would witness major spikes. Hence, PEPE might hit $0.0005 by 2029.
Pepe (PEPE) Price Prediction 2030
By 2030, the PEPE price might rally to $0.0009 if the trend momentum aligns in favor of Basic Attention. Furthermore, PEPE would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI.
Conclusion
If Pepe (PEPE) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Pepe (PEPE) price prediction for 2023 is $0.0000018277. Comparatively, the bearish Pepe (PEPE) price prediction for 2023 is $0.0000005026.
If there is a positive elevation in the market momentum and investors’ sentiment, then Pepe (PEPE) might hit $0.00001. Furthermore, with future upgrades and advancements in the Pepe ecosystem, PEPE might surpass its current all-time high (ATH) of $0.000004354 and mark its new ATH.
FAQ
1. What is Pepe (PEPE)?
A deflationary memecoin launched on Ethereum is PEPE. PEPE presents a unique offering within the meme coin market by building upon the legacy of Pepe the Frog, a character with a longstanding and controversial history.
2. Where can you buy Pepe (PEPE)?
Traders can trade Pepe (PEPE) on the following cryptocurrency exchanges such as Binance, KuCoin, OKX, Huobi and Bybit
3. Will Pepe (PEPE) record a new ATH soon?
With the ongoing developments and upgrades within the Pepe platform, Pepe (PEPE) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Pepe (PEPE)?
Pepe (PEPE) hit its current all-time high (ATH) of $0.000004354 on May 05, 2023
5. What is the lowest price of Pepe (PEPE)?
According to CoinMarketCap, PEPE hit its all-time low (ATL) of $0.00000002764 on April 17, 2023
6. Will Pepe (PEPE) hit $0.00001?
If Pepe (PEPE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.00001 soon.
7. What will be the Pepe (PEPE) price by 2024?
Pepe (PEPE) price might reach $0.00003 by 2024.
8. What will be the Pepe (PEPE) price by 2025?
Pepe (PEPE) price might reach $0.00005 by 2025.
9. What will be the Pepe (PEPE) price by 2026?
Pepe (PEPE) price might reach $0.00009 by 2026.
10. What will be the Pepe (PEPE) price by 2027?
Pepe (PEPE) price might reach $0.0001 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
