Pepe Price Prediction for Today, November 8 – PEPE Technical Analysis

Pepe
(PEPE)
has
recently
gained
significant
attention,
driven
by
the
crypto
market’s
upward
momentum
following
Donald
Trump’s
U.S.
presidential
election
win.
This
resurgence
is
further
fueled
by
Robinhood’s
expansion
of
PEPE
to
European
markets
and
the
offer
of
a
1%
deposit
bonus
to
attract
new
traders.

PEPE
Key
Statistics

• 
  Current
  Price:
  $0.000010
• 
  Market
  Cap:
  $4.53
  billion
• 
  24-hour
  Trading
  Volume:
  $1.43
  billion
• 
  Circulating
  Supply:
  420.69 trillion
  PEPE
• 
  Total
  Supply:
  420.
  69 trillion
  PEPE
• 
  CoinMarketCap
  Ranking:
  #24

PEPE
reached
its
all-time
high
of
$0.000017
on
May
27,
2024,
but
has
since
experienced
fluctuations,
dropping
to
a
low
of
$0.000005909190
in
the
past
five
months.

Recently,
it
has
rebounded
by
76.56%,
reflecting
renewed
market
interest
and
potential
for
further
gains.

PEPE/USD
Market

• 
  
  Resistance:
  $0.000011,
  $0.000012,
  $0.000013
• 
  
  Support:
  $0.0000099,
  $0.0000089
  $0.0000079

On
the
technical
side,

the
cryptocurrency
experienced
a
minor
decline
in
the
last
24
hours.
PEPEUSD
approaches
its
resistance
level
at
$0.000011.
Breaking
this
resistance
could
pave
the
way
for
further
gains
toward
$0.000012,
with
a
more
ambitious
target
set
at
$0.000013,
which
would
signal
robust
bullish
momentum.
However,
should
it
fail
to
sustain
above
the
$0.000011
level,
support
is
found
at
$0.0000099,
followed
by
$0.0000089
and
$0.0000079,
which
could
act
as
safety
nets
against
downward
pressure.

The
Relative
Strength
Index
(RSI)
is
currently
at
59,
suggesting
the
coin
is
nearing
overbought
territory.
This
implies
that
while
there
is
still
room
for
upward
movement,
the
cryptocurrency
may
encounter
selling
pressure
at
its
resistance
points,
necessitating
caution
for
traders
aiming
to
capitalize
on
short-term
gains.

Meme
Coin
Momentum
and
Market
Position

PEPE’s
rising
popularity
can
be
attributed
to
several
key
drivers.
First,
the
growing
adoption
of
meme
coins
among
retail
investors
has
made
such
asset
highly
sought-after,
particularly
in
regions
where
Robinhood
is
expanding
its
offerings.
The
platform’s
integration
of
Pepe
in
Europe
allows
users
to
participate
in
the
meme
coin
market
with
added
incentives,
such
as
the
deposit
bonus,
which
has
likely
helped
boost
its
trading
volume
and
appeal.

Pepe
Price
Prediction:
A
Closer
Look

Moreover,
the
current
rally
in
the
cryptocurrency
market,
fueled
by
optimism
around
Donald
Trump’s
return
to
the
U.S.
presidency,
has
generated
a
wave
of
enthusiasm
across
various
crypto
sectors.
Meme
coins
like
PEPE,
with
their
strong
community
support
and
speculative
appeal,
have
been
direct
beneficiaries
of
this
market
optimism.
This
trend
underscores
the
potential
for
the
cryptocurrency
to
perform
well
as
long
as
positive
sentiment
in
the
market
persists.

PEPE/BTC
Performance
Insight

Against
Bitcoin,
PEPE
has
slowed
down
2.02%
in
the
last
24
hours.
It
has
been
making
lower
highs
and
lower
lows.
The
recent
price
action
is
consolidating
within
a
range,
suggesting
indecision
in
the
market.
The
KC
indicator
(20,
2,
close)
is
below
the
price,
indicating
potential
bearish
pressure.
The
blue
lines
are
also
below
the
price,
further
supporting
the
bearish
sentiment.
The
price
might
continue
consolidating
within
the
current
range
for
a
while.
A
break
above
the
upper
end
of
the
range
could
signal
a
potential
reversal
of
the
downtrend.

Spot
On
Chain
reported
on
X
that
a
crypto
whale
made
multi-million-dollar
moves
with
Ethereum
(ETH)
on
November
6,
2024.
The
whale
first
deposited
$2
million
in
Tether
(USDT)
to
Binance,
then
transferred
212.448
billion
tokens
to
a
self-custodial
wallet
one
hour
later.

Another
$2
million
USDT
deposit
followed
shortly
after,
mainly
used
to
purchase
207.686
billion
coins,
valued
at
$1.969
million
at
the
time.
These
transactions
preceded
a
significant
rally,
with
the
token
hitting
a
local
double
top
at
$0.00000960
around
8
AM
UTC.

A
whale
just
bought
over
$5M
worth
of

$PEPE!

Over
the
last
2
hours,
smart
whale
“0x51c”
deposited
5.5M

$USDT
to

#Binance
and
so
far
has
withdrawn
back
535.81B

$PEPE
($5.07M)
from
the
CEX.

Notably,
this
whale
used
to
gain
a
total
profit
of
$2.016M
from

$BRETT,

$TUBRO,

$LINK,
and…

pic.twitter.com/hQtyiMuOLl

—
Spot
On
Chain
(@spotonchain)

November
6,
2024

Alternatives
to
Pepe

Pepe’s
notable
rise
in
the
cryptocurrency
rankings,
driven
by
a
surge
in
trading
volume
and
market
capitalization,
reflects
the
rapid
expansion
of
the
industry.
Similarly,
Pepe
Unchained
($PEPU)
emerges
as
a
forward-thinking
force
within
the
meme
coin
sector.

The
project’s
presale
has
been
a
resounding
success,
securing
over
$25
million
in
investments
and
highlighting
the
market’s
excitement
for
Pepe
Unchained’s
innovative
vision.
This
substantial
funding
will
fuel
the
project’s
future
growth.

The
Best
Pre-sale
Meme
Coin
–
Pepe
Unchained 

By
launching
its
own
Layer
2
blockchain,
$PEPU
moves
beyond
the
limitations
of
traditional
networks
like
Ethereum,
enabling
faster
transaction
speeds
and
drastically
lower
gas
fees.
This
technological
advancement
positions
Pepe
Unchained
as
a
platform
for
streamlined,
cost-effective
digital
experiences.

With
its
pioneering
technology,
strong
financial
backing,
and
expanding
community,

Pepe
Unchained
is
on
track
to
transform
the
meme
coin
landscape.
As
the
project
gains
momentum,
its
strong
fundamentals
and
visionary
approach
position
it
for
a
promising
future,
establishing
it
as
a
leading
innovator
in
the
cryptocurrency
space.

Visit
Pepe
Unchained.

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