Pepe (PEPE) is gaining momentum in the meme coin market, with traders predicting a 30% rally in the fourth quarter of 2024.
This bullish outlook is supported by strong on-chain indicators and positive price action. Currently, Pepe’s price is steadily above a critical support level, suggesting a potential upward trend.
Despite the broader bearish trend in meme coins, PEPE’s strong fundamentals and potential make it a promising investment for the last quarter of 2024.
Pepe (PEPE) price analysis
With a market cap of around $3.4 billion, PEPE ranks 27th among over 9,800 cryptocurrencies, holding a solid position for the meme token. Volume, a crucial technical indicator, increased by 36%, signaling strong buying pressure and promising future price action.
Pepe’s chart reveals that market structure plays a key role in determining whether the trend is bullish or bearish. The macro structure shows a higher low around $0.00000395, allowing a potential price drop of 44-45% while maintaining a bullish trend.
The most recent low of $0.00000588, untouched since early August, reflects Pepe’s resilience. However, concerns center on the 0.236 Fibonacci retracement, where price fluctuations occur without finding stable support.
Once the price finds support, an upward move could present a trade opportunity of 13-15%. Dollar-cost averaging (DCA) serves as a recommended strategy, buying at crucial levels to secure profits when the market breaks out.
The approaching “alt season” could drive Pepe to new all-time highs. Additionally, a falling wedge pattern suggests a potential 65% rise, creating a lucrative long-term position.
To seize this opportunity, traders can enter a long position once the price clears the 4-hour volume-weighted ATR band and aligns with the 3-day moving average. DCA strategies and breakout trades provide strong potential gains, positioning Pepe as a top coin to monitor in the coming weeks.
Pepe (PEPE) price prediction
Pepe (PEPE) surged 7% in the past 24 hours, reaching $0.0000081, as increased liquidity followed the US Federal Reserve’s rate cut. With interest rates declining, more capital is expected to flow into cryptocurrencies, driving PEPE’s price higher.
CoinMarketCap data shows a significant increase in trading volume, rising by 26.14% to $960 million, reflecting growing investor interest and increased market activity.
Whale activity has picked up, with numerous transactions exceeding $100,000, signaling growing bullish sentiment among larger market players. If this trend continues, PEPE could rally 30% to $0.000010.
The current resistance level stands at $0.0000081, and breaking this barrier could push the price to $0.000009. Continued momentum may allow PEPE to reach $0.00001 or even $0.000015 in the next bullish wave.
If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.
Top PEPE alternative: Pepe Unchained (PEPU)
Pepe Unchained recently hit a big presale milestone, raising $14 million, and the excitement around it keeps growing. With exchange listings coming soon, some investors predict this momentum could lead to massive gains—possibly up to 100x when it launches.
Buying tokens is easy; investors can purchase them directly from the project’s site using ETH, BNB, USDT, or credit/debit cards. Currently priced at $0.00981, the price will go up in the next funding round.
Pepe Unchained (PEPU) is launching its own Layer 2 blockchain called ‘Pepe Chain,’ designed to fix Ethereum’s slow and costly transactions. Pepe Chain will be faster and cheaper while still working with Ethereum, making it easy to move assets between the two.
We’re making rapid progress on the $PEPU token raise and Layer 2 Mainnet launch!
The Pepe Unchained developers have built something special, and we can’t wait to roll it out to the public. pic.twitter.com/NMDQ1ZRnmN
— Pepe Unchained (@pepe_unchained) September 18, 2024
Crypto enthusiasts and experts are already talking about the impact Pepe Unchained could have on the meme coin market. With faster transactions and lower costs, it might even compete with major coins like $DOGE and $SHIB.
The project also has bigger ambitions, aiming to become the top platform for launching new meme coins. If they meet expectations, Pepe Unchained could become a major player when the next bull market arrives, possibly as early as the first week of October.
Pepe Unchained updated its website and introduced “Pepe Frens With Benefits,” a grant to help the community build apps on their Layer 2 blockchain. Applications open in Q4 2024, giving developers a chance to bring their ideas to life with support from the $PEPU ecosystem.
The project also features an innovative “double staking” protocol, which has attracted attention from popular YouTube crypto influencers. The yield currently sits at a strong 148%, with over 1.08 billion $PEPU tokens staked before the official launch.
While the team plans to list on decentralized exchanges after the presale, the exact dates and platforms remain undisclosed. Pepe Unchained has many features that excite investors about its upcoming launch.
To participate in the $PEPU token presale, go to pepeunchained.com.
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The post Pepe (PEPE) Predicted to Surge 30% in Q4 2024 – Is It a Good Buy for the Next Bull Run? appeared first on ReadWrite.
