In the last week of May, Pepe Coin completely captivated investors and hit ATH for days. This situation later gave way to a volatile price movement. In mid-March, PEPE exhibited a similar movement to the mentioned price action. However, the rise during that period was short-lived. Unlike March, the process in May was much more prolonged, with PEPE eventually reaching an all-time high of $0.00001718. Despite a recent 5% drop in PEPE, there is talk that the price might be starting to recover.
Comments on PEPE Price
Despite the uncertainty and price drops among PEPE investors in recent hours, PEPE’s 24-hour trading volume remains high. Generally known to have a trading volume around $800 million, PEPE’s current trading volume stands at $1.48 billion, highlighting the interest in the coin.
After reaching ATH, PEPE saw a 20% pullback in its price, with both bulls and bears actively moving. Additionally, there were reports that whales have been moving PEPE towards exchanges.
While bulls maintain their optimism aiming for new peaks, bears aim to push the price lower to buy at much lower levels.
PEPE Coin Price
Among PEPE investors, the sentiment of greed seems to be giving way to a negative trend. Despite this, after a 3.6% rise in the last 24 hours, PEPE started trading at $0.0000155, which could trigger another rise.
Despite this, the price of PEPE, which has seen consecutive ATHs recently, could move downward for a long time due to the nature of meme coins and potential heavy sales by whales.
On the other hand, with the RSI value dropping to 48, a correction could be triggered by investors, pulling PEPE completely into the buying zone.
Following such a situation, PEPE’s price could rise once again in parallel with a general market uptrend, potentially targeting much higher ATHs. Considering the past price rally, analysts predict that the meme coin could reach $0.00002 in the next rise.
