The Relative Strength Index, or RSI for short, suggests that PEPE may be headed for a decline. That altcoin, which has a frog theme, has been seen to be rapidly increasing in value lately. The value of the current resistance is $0.0000058. A growing body of speculation suggests that, given the ongoing increase in demand, memecoin may experience another 86% increase. Plus, a new season can be dominated by altcoins.
The token is running bullishly, according to the daily chart. This supports the sharp increase in valuation and paves the way for more expansion. EMA and RSI are the two main indicators that support PEPE’s upward trend. According to RSI, there may be a slight decline followed by another increase. The Exponential Moving Average, or EMA, indicates that traders are generally enthusiastic buyers.
The most recent price of PEPE was $0.000007396. That represented a rise of 70.17% during the previous day. Additionally, it showed a 437.40% increase over the previous seven days. According to PEPE price prediction, the coin can soon reach the $0.000038 milestone. However, it might retreat before the enormous leap.
The market is upbeat over PEPE’s growth. The underlying demand increased by 23% intraday, according to analysts, pushing the trading volume to $1.58 billion. Analysts added that PEPE is receiving a lot of buzz to promote the next boom.
PEPE costs might decrease. Whales have reportedly liquidated around 2 trillion tokens for $0.00000309 apiece. That comes out to about a $3.49 million profit. The money made from this has been put towards SHIB, SAND, MANA, and GALA. This indicates that there is strategic diversification, which raises the prospect of a decline in PEPE’s worth.
At the time this article was written, SHIB had increased by 29.76% over the previous day. The current exchange rate is $0.00002718. MANA by Decentraland is currently trading at $0.6792, up 7.43% as well.
As of now, there is no indication that whales who dump PEPE coins will stop doing so. Analysts predict that there will be a slight decline in RSI. The daily chart is still positive, as is the EMA. The 24-hour volume has increased by 162.70%, indicating that interest in PEPE coins is once again high. It is reasonable to conclude that many investors wish to take advantage of the momentum before it enters the phase of retreat.
Nevertheless, throughout the past day, SAND has increased by 8.19% and GALA by 9.96%. The listed values of both tokens are $0.7048 and $0.04793.
Significant altcoins have started trading amid reports of a little retreat. The image merely serves to highlight the possibility of an altcoin boom soon, alongside more important currencies like Ethereum and Bitcoin.
