Pepe (PEPE) is the second-best performing token in the past 30 days among the top 5 meme coins, with gains of nearly 60%, as the entire category has experienced a major recovery. As a result, PEPE has managed to trim its year-to-date (YTD) to just 26.5%.
Similarly, well-established meme coins like Bonk (BONK) and Dogecoin (DOGE) have seen the price of their tokens rise by 40.5% and 26.3% respectively during this same period.
Open interest in PEPE futures has skyrocketed to record levels according to data from Coinglass even though the token is still trading 48% below its all-time high.
There are nearly $700 million worth of PEPE-linked futures contracts in circulation at the time. Back in December 8, when the token surged to its current record price, open interest was around half of this figure.
This emphasized the strong interest that traders have in PEPE at the moment. This also favors a bullish Pepe price prediction and could indicate the beginning of a strong bullish cycle that could push this meme coin to retest its all-time highs.
Pepe Price Prediction: Cup and Handle Could Produce a 64% Gain
In the past 24 hours, Pepe has experienced a 0.2% drop and currently stands at $0.00001461. This pullback has completed the formation of a bullish pattern that could result in sizable gains once a breakout is confirmed.
The daily chart shows a cup-and-handle pattern that has been forming since January, with a well-defined neckline set at around $0.00001470.
The price already tried to break through this resistance level once yesterday with above-average trading volumes.
If bulls manage to push PEPE above this mark in the next few days, it could result in big gains in the near term.
The depth of the cup is typically used as a reference to determine the upside potential of a bullish breakout. For PEPE, it meant a 64% loss. Hence, this pattern could deliver similar gains once confirmed, meaning that PEPE could rise to $0.00002400 in just a few days.
Momentum has been strong for PEPE lately as the Relative Strength Index (RSI) reached overbought levels.
A bullish Pepe price prediction is beneficial to PEPE-linked crypto presales like MIND of Pepe (MIND) and could result in big gains for this token once it is listed on exchanges.
MIND of Pepe (MIND) Presale Surpasses $10M Mark After Launching its AI Agent on X
MIND of Pepe (MIND) is an AI agent designed to build a strong influence across social media platforms like X with the help of artificial intelligence.
The agent will interact with high-profile account and meme coin enthusiasts to collect information about new social trends and emerging opportunities that it will pass on exclusively to $MIND holders.
Its live X account has already attracted nearly 7,000 followers just a few days after its launch. Soon, MIND of Pepe will be as popular as other agents like Luna by Virtuals and AIXBT.
As a result, the demand for $MIND will rise alongside its influence. Hence, early buyers who take advantage of the token’s discounted presale price will reap the highest returns.
To buy $MIND, head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to make your investment.
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