PEPE Price Prediction Today: Can the Meme Coin Rebound From Its Lows?
Key Takeaways
- The current price of PEPE is $ 0.0₅4646. It is expected to drop to $ 0.0₅3301 by the end of this week.
- Pepe coin’s market outlook is dominated by sentiments and social media hype rather than by actual fundamentals.
- Pepe Coin is currently trading -56.15% below the 200-Day SMA of $ 0.00001076, signalling its inability to gain ground soon.
- Whales have been accumulating and redistributing PEPE across wallets and exchanges to create liquidity and volatility spikes.
- The monetary policies and rate cuts by the US Federal Reserve will have a long-standing impact on Pepe Coin’s market performance.
Pepe’s Current Market Scenario
The technical instabilities on Ethereum post the Fusaka upgrade have affected Pepe’s price, too, causing a sharply bearish outlook for this meme coin in the market. Here are the key metrics related to Pepe’s current market.
- Fear & Greed Index: Bearish
- Market Sentiment: 20 (Extreme Fear)
- Supply Inflation: 12.70% (Very High)
- Dominance: 0.06%
- Volatility: -0.08% (Low)
Pepe Price Prediction: Today, Tomorrow, & This Week
Pepe’s current price, as well as its expected price in the upcoming week, is given in the table below.
| Date | Price Prediction |
|---|---|
| December 08 | $ 0.0₅4646 |
| December 09 | $ 0.0₅4608 |
| December 10 | $ 0.0₅4133 |
| December 11 | $ 0.0₅3798 |
| December 12 | $ 0.0₅3631 |
| December 13 | $ 0.0₅3538 |
| December 14 | $ 0.0₅3374 |
| December 15 | $ 0.0₅3352 |
| December 16 | $ 0.0₅3301 |
Market Outlook: Technicals, Institutional Activity & Macro Trends
Pepe is a meme coin based on hype and has no intrinsic value. Its market outlook is dominated by sentiments and social media hype rather than by actual fundamentals. When the social media hype rises, the value and price of the meme tokens also rise, and vice versa. Exchange listing and access to liquidity on major platforms and the broader crypto market’s performance also affect Pepe’s price.
Technical Analysis
Technical analysis indicators show that the price of Pepe has decreased by 81% over the last year. It was outperformed by Bitcoin and Ethereum by -79.62% and -76.33%, respectively.
Pepe Coin is currently trading -56.15% below the 200-Day SMA of $ 0.00001076. The number of green days for Pepe coins in the last 30 days is 12, which is 40%. The price is currently down -83% from the all-time high.
The 14-Day Relative Strength Index (RSI) of Pepe coins is at 40.71, which indicates that the cryptocurrency is currently neutral and may trade sideways. Pepe Coin is currently trading at -3.93% below the cycle high and 18.75% above the cycle low.
On-Chain Scenario
Whale activities are very common in the Pepe chain. Whales have been accumulating and redistributing PEPE across wallets and exchanges to create liquidity and volatility spikes. Every change in token supply and exchange listing will affect the price and value of the token. However, in recent times, there has not been any whale activity for Pepe coins, significant enough to influence its price.
Institutional Activity
There has not been any considerable institutional activity for Pepe, such as ETF inflows or outflows. Moreover, there have not been any significant reserve updates from any reliable sources. This is due to Pepe’s meme coin status and a considerable lack of intrinsic value.
Macroeconomic Factors
The monetary policies and rate cuts by the US Federal Reserve will have a long-standing impact on Pepe Coin’s market performance. Higher inflation rates can cause distress to highly speculative assets such as Pepe coin. Geopolitical tensions or economic shocks will heighten risk-off sentiment, reducing demand for high-variance assets like PEPE in the short term.
The Bottom Line
As per expert analysis, Pepe coins are going through a bearish phase. As it is a speculative asset, its potential for a rebound is unpredictable. Any attempts at enhancing liquidity, such as a liberal monetary policy, may result in Pepe’s rebound. The long-term prospects of Pepe will also depend on anticipated ETFs and clearer regulations.
Disclaimer: These crypto price forecasts are based on predictive modeling and should not be considered financial advice.
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Crypto & Blockchain Expert