Pepe (PEPE) has pulled ahead in the meme coin race, securing a 5-day winning streak before cooling slightly today.
While its price dipped 1% in the past 24 hours, trading volumes surged 18%, indicating that trader interest remains strong despite the pause.
PEPE now boasts a $5.4 billion market cap—more than double that of Official Trump (TRUMP), which sits at $2.2 billion, despite the two being evenly matched just weeks ago.
With meme coin momentum rising and a possible breakout still on the table, this Pepe price prediction explores where the frog-themed token could head next.
Open interest in PEPE’s futures reached a record high on May 22 back when the token reached its local high of $0.00001552. Back then, the amount of outstanding futures contracts surged to $695 million.
As momentum for meme coins keeps improving, how high can PEPE go? In this article, we’ll look at the latest price action to draft a PEPE price prediction for the next few days.
PEPE Price Prediction: Pepe Eyes $0.00001500 as Trend Line Retest Seems Likely
Pepe (PEPE) broke its trend line support on May 30 with strong volumes as the market went through a much-needed pullback.
The Relative Strength Index (RSI) had already stepped out of overbought territory back then and momentum was fading.
Meanwhile, both the 9-day and 21-day exponential moving averages (EMAs) crossed below the 200-day EMA, indicating a ‘death cross’ – a powerful sell signal that anticipates a change in the trend’s direction and accelerating bearish momentum.
PEPE is retesting the 200-day EMA from below today and has already shown early signs of rejection.
The baseline scenario would be a retest of the $0.00001500 level implying a 19% potential gain in the near term.
At that point, if the price action rejects a move above this area of resistance, it could result in a big drop for PEPE in the mid-to-long term. However, the trend favors a bullish move for the next few days as long as the $0.00001100 support holds.
Can PEPE reach $10 any time soon? Not likely as its market cap would rise to more than $4.2 quadrillion in that scenario. However, the price action does support a bullish Pepe price prediction at the time of writing.
As meme coins continue to make a strong comeback, the best crypto presales within the Solana blockchain like Solaxy (SOLX) – known for its fast-growing meme ecosystem – will outperform some of the most well-established assets in the crypto space.
Solaxy (SOLX) Enters Last 5 Days of Its Presale – Don’t Miss Your Chance to Invest
Solaxy (SOLX) is a layer-2 scaling protocol for the Solana blockchain that eliminates the congestion issues that the network has experienced during peak usage periods.
The developing team has already made significant progress in deploying the L2. They recently launched a block explorer for the testnet that investors can use to check the solution’s performance in real time.
As the protocol’s utility token, the demand for $SOLX will skyrocket once Solaxy is adopted by top exchanges and wallets.
To buy this token at its discounted presale price before it is listed on exchanges, head to the Solaxy website and connect your wallet (e.g. Best Wallet).
You can either swap SOL or USDT for $SOLX or use a bank card to make your investment.
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