Will Market Pressure Delay The Next $PEPE Rally?
The post Will Market Pressure Delay The Next $PEPE Rally? appeared on BitcoinEthereumNews.com. Pepe’s price remains under pressure as it tests a key support level following a volatile period in the broader crypto market. Earlier this year, the meme coin sector saw strong bullish momentum, but recent weeks have shown signs of fatigue, with many tokens undergoing sharp corrections. Although the overall market continues to perform well, with the total crypto market capitalization nearing $3.9 trillion and Bitcoin holding a dominant position, altcoins and meme coins have not kept pace. The anticipated “altcoin season” has not materialized, leading to disappointment among retail investors. As a result, sentiment around meme tokens like Pepe has weakened, with limited new capital entering the space. This shift has contributed to several consecutive weeks of price declines for Pepe, creating concern among holders as the token struggles to maintain stability. Currently down roughly 18% on the week and nearly 7% on the day, Pepe price has dropped out of its rising wedge formation and is now trading over 13% lower from recent highs. This article features a Pepe price prediction from crypto analyst Jacob Crypto Bury, which is available to view below and also on his YouTube channel. Pepe Price Prediction At the time of writing Pepe is trading at $0.0000117 with a market cap of $4.9 billion. Technical analysis suggests there is still a decent amount of diagonal support available, and a bounce to the upside remains possible if market sentiment improves. However, the near-term outlook remains cautious. If $PEPE does manage to break through resistance around the $0.000013 level, it could initiate a fresh rally aimed at retesting or even surpassing previous all-time highs. Long-term projections for Pepe price still place potential targets as high as $0.000066, which would represent a 460% gain from current levels, but such gains seem unlikely within this cycle without a…
The post Will Market Pressure Delay The Next $PEPE Rally? appeared on BitcoinEthereumNews.com.
Pepe’s price remains under pressure as it tests a key support level following a volatile period in the broader crypto market. Earlier this year, the meme coin sector saw strong bullish momentum, but recent weeks have shown signs of fatigue, with many tokens undergoing sharp corrections. Although the overall market continues to perform well, with the total crypto market capitalization nearing $3.9 trillion and Bitcoin holding a dominant position, altcoins and meme coins have not kept pace. The anticipated “altcoin season” has not materialized, leading to disappointment among retail investors. As a result, sentiment around meme tokens like Pepe has weakened, with limited new capital entering the space. This shift has contributed to several consecutive weeks of price declines for Pepe, creating concern among holders as the token struggles to maintain stability. Currently down roughly 18% on the week and nearly 7% on the day, Pepe price has dropped out of its rising wedge formation and is now trading over 13% lower from recent highs. This article features a Pepe price prediction from crypto analyst Jacob Crypto Bury, which is available to view below and also on his YouTube channel. Pepe Price Prediction At the time of writing Pepe is trading at $0.0000117 with a market cap of $4.9 billion. Technical analysis suggests there is still a decent amount of diagonal support available, and a bounce to the upside remains possible if market sentiment improves. However, the near-term outlook remains cautious. If $PEPE does manage to break through resistance around the $0.000013 level, it could initiate a fresh rally aimed at retesting or even surpassing previous all-time highs. Long-term projections for Pepe price still place potential targets as high as $0.000066, which would represent a 460% gain from current levels, but such gains seem unlikely within this cycle without a…
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