Can PEPE Hit $1 by 2025 : Or Is It Just Hype ?
PEPE drops to 0.0000101 dollars, yet bullish signals emerge. Will it reach 1 dollar by 2025? Delve into the analysis and outlook.
PEPE drops to 0.0000101 dollars, yet bullish signals emerge. Will it reach 1 dollar by 2025? Delve into the analysis and outlook.
The PEPE is currently trading at $0.0000101, down by 2.8% over the last 24 hours and over 25% in the last month. The memecoin continues to show a downward trend, with its price falling since June. It is now trading above a key support level at $0.00001000. A break below this level could push it lower towards $0.00000900.
Technical indicators also support a bearish outlook. Short and medium-term moving averages are showing sell signals, with RSI at 38, indicating weak momentum but not yet an oversold condition. The MACD and momentum indicators also reflect selling pressure.
As a glimmer of hope, PEPE shows a bullish divergence in the 4H RSI. It must reclaim its resistance at $0.00001280 to reignite the bullish momentum.
Despite the recent decline, PEPE remains a popular choice. However, reaching $1 or even 0.01 $ for the token seems highly improbable given its supply of 420 trillion units. Achieving 0.01 $ would require a market capitalization of several trillion dollars, which seems unrealistic in the current market.
Nevertheless, on-chain data shows that whales are increasing their holdings, and exchange balances are decreasing, which are positive signs. The memecoin has formed a bullish flag pattern and a double-bottom pattern, which often signal potential upward breaks. If the trend continues, the token could experience a strong rally.
Currently, PEPE’s market cap is around $4.3 billion. According to CoinDCX analysis, short-term price targets for 2025 indicate the token could trade between $0.000006 and $0.000008 at the lower end and could reach up to $0.000024 if the momentum strengthens.
Long-term targets could propel it to $0.000031 or $0.000409, but these heavily depend on market conditions and sentiment.
In summary, PEPE could surge and offer a multiple of x8 by the end of 2025. Seize the memecoin potential with Bitget securely:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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