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Pepe Price Prediction- Top 3 Meme Coins Can Flip Shiba Inu?

PEPE prices have fallen this week, from an all-time high of around $0.000017 to the current price of $0.000013.

This has left many meme coin investors wondering where PEPE’s price will go next and if it can actually surpass Shiba Inu to become the second largest meme coin by market cap. Let’s dive into the details.

PEPE Price Prediction

According to analysis by Davie Satoshi, a cryptocurrency analyst with 13,000 followers on X, PEPE’s price has followed an interesting pattern. He noted that PEPE’s market cap peaked at three different levels: $1.8 billion, $4.2 billion, and most recently, $6.9 billion. Notably, each successive peak was approximately $2.5-2.7 billion higher than the previous peak. This pattern suggests a predictable growth trajectory determined by community interest and investment activity.

Based on this observation, David Satoshi speculates that the next potential peak of PEPE’s market value could be around $10 billion. If this prediction is true, the price of PEPE would be around $0.0000241, which means that the upside potential is almost 2 times from the current level.

CryptoForexGem, a respected TradingView analyst known for his insightful analysis, offers a different perspective. According to their assessment, the PEPE chart has recently encountered a significant resistance area on the daily timeframe. Therefore, CryptoForexGem expects a healthy retracement or correction in the price of PEPE.

Source: TradingView/ideas/CryptoForexGem

However, this retracement could provide an attractive opportunity for investors to enter long positions. CryptoForexGem said that if the price of PEPE falls back to its previous all-time high of around $0.000011, it could rebound and resume its uptrend, aiming for new highs. This analysis highlights the potential for PEPE to consolidate before starting a new rally.

On the other hand, More Crypto Online, an influential account with 18,000 followers on X, gave a more pessimistic forecast for the price of PEPE. According to their analysis based on the Elliott Wave Theory, the price of PEPE may form a top in the (3) wave, and the current price movement is unfolding as (A) of the (4) wave.

More Crypto Online states that wave (A) could form a low at the current price area. Furthermore, they identify the ideal support level for the fourth wave as the 38.2% retracement, which equates to a price of approximately $0.0000127386. If this occurs, PEPE could experience further declines before finding support and potentially resuming its uptrend.

Technical indicators also provide insights into PEPE’s price action. The relative strength index (RSI) is currently around 30, indicating well-oversold conditions and price rebound potential. In addition, the moving average convergence divergence (MACD) line is below the MACD signal line, indicating strong bearish momentum in the short term.

Based on various analyses and technical indicators, PEPE price prediction remains uncertain and could either fall further or rebound to new highs. In any case, after this week’s correction, it now seems a bit unrealistic for PEPE to surpass SHIB in terms of market capitalization.

In short, it is worth mentioning PlayDoge, a new meme coin that combines the Doge meme with a Tamagotchi-style virtual pet concept. PlayDoge is currently a hot cryptocurrency presale, raising nearly $400,000 in just 2 days. This could be one of the meme coins that can be purchased as a Pepe alternative.

The Cryptonews YouTube channel, which has nearly 10,000 subscribers, released a positive video about PlayDoge today, calling it a meme coin with 100x potential.

in conclusion

All in all, as PEPE price fluctuates, investors are closely watching its potential to surpass Shiba Inu market cap and become the second largest meme coin. While analysts’ forecasts and technical indicators provide valuable insights, the future of PEPE price remains uncertain. According to multiple Pepe price predictions, we may see a longer correction phase before the next leg up.

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