PEPE Bounces Back With $2 Billion in Trades – Can PEPE Hit $10?

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Simon Chandler

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Simon Chandler

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Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,…

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Pepe has dipped by 1% today after yesterday’s recovery, with the coin’s slip to $0.00002038 coming as the cryptocurrency market also loses 1% in the past 24 hours.

Despite this wobble, PEPE remains up by 12.5% in the past week and by 27% in the past fortnight, following a boost from Elon Musk earlier this week.

And while PEPE is down by 27% from its ATH of $0.00002803, this gives it the opportunity to rebound strongly in the coming weeks, with the coin having very positive long-term price predictions.

PEPE Rallies Higher – Can PEPE Hit $10?

PEPE is definitely on an upswing, if its chart today is trustworthy.

Its indicators are all signaling rising momentum, with the 30-period moving average (orange) climbing over the 200-period average (blue) in the past hour or so.

Such a golden cross ordinarily indicates an incoming breakout, with PEPE still due to bounce back more strongly from a mostly frustrating 30 days.

PEPE Bounces Back With $2 Billion in Trades – Can PEPE Hit $10?
Source: TradingView

We also see its relative strength index (purple) climb consistently above 50 today, another sign that it has entered a more bullish short-term phase.

Its trading volume is also better today than it was only a few days ago, having risen from around $1.2 billion to nearly $2 billion as of writing.

This signals rising demand, with other analysts also picking up on the fact that PEPE would be overtaking the 200-period EMA on its four-hour chart.

It actually seems that many traders are bullish about the meme token at the moment, with some suggesting that its next major target is $0.000042.

While it hasn’t witnessed any major whale buys in the recent days, it continues to be held in large quantities by big investors, with its holder count continuing to rise progressively.

And when we factor in the increasingly positive fundamental picture, it really looks like PEPE should reach new heights in the coming months.

Donald Trump’s inauguration on January 20 could be another big catalyst for rallies, with the incoming President potentially issuing executive orders related to crypto within his first few days of office.

Within such a bullish context, PEPE could rise as high as $0.00003 by Q2, before climbing to $0.000040 by the second half of the year.

The $10 price target is a highly sought-after milestone for PEPE holders, but given its current supply size, it remains highly unrealistic.

However, a significant supply burn by the PEPE team could improve the chances of reaching that level.

New Pepe Token Could Take the Lead

PEPE is firmly one of the biggest meme tokens in the market, yet it’s possible that it doesn’t witness the same exceedingly bullish gains as it saw last year.

This means that traders may be wise to diversify into newer tokens, which can often outperform the market dramatically during their initial price discovery phases (e.g. Fartcoin).

It’s also worth looking into presale tokens, since the biggest of these often list very strongly.

And probably the biggest such coin right now is Wall Street Pepe (WEPE), an ERC-20 token that has raised an enviable $40 million in its ongoing sale.

Wall Street Pepe is proving a hit because, in addition to being another viral meme coin, it will also launch its very own trading intelligence platform.

It will provide WEPE holders with real-time analysis and market insights, including exclusive access to buying signals and trading strategies.

On top of this, it will also have online community spaces and forums, in which users can share strategies and also compete in trading competitions.

These competitions will earn their winners rewards in WEPE, which will also be open to staking.

Investors can join the coin’s sale by heading over to the official Wall Street Pepe website, where they can use ETH, USDT or fiat currency to purchase WEPE.

WEPE is currently selling at $0.0003664, although this will rise later today.

Investors should therefore act quickly, since all the available signs suggest that WEPE could be one of the biggest new meme coins of the year.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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