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PEPE Price Forecast – PEPE Could Rally to $0.00002643 If Weekly Resistance Is Broken

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Highlights:

  • PEPE is gaining upside momentum as the broader market rallies
  • PEPE among the more trusted meme coins 
  • Possible end to Middle East hostilities could push PEPE to new highs soon

PEPE is sending strong bullish signals intraday, reflecting the rising bullish momentum across the market. When going to press, PEPE was trading at $0.000009919, an increase of 12.88% in the day. PEPE trading volumes are also on the rise during the day, up by 42.69% to stand at $1.38 billion.

PEPE’s rising volumes indicate that investors are coming in strongly, expecting the price to do even better going into the future. The rising bullish sentiment around PEPE is not without basis; a confluence of factors is likely to push it to new highs in the short term. 

PEPE Price Rallies as Risk-On Assessment Returns to Markets

One factor is the easing of geopolitical tensions in the Middle East. Over the weekend, the cryptocurrency market experienced a significant dip after the US bombed Iran. While this triggered fears of a regional war, President Trump yesterday took to Truth Social to announce an end to the war

This triggered a surge in risk-on sentiment, with high-risk assets like cryptocurrencies being the biggest beneficiaries. PEPE, in particular, has experienced a significant boost in price. That’s because meme coins tend to outperform the market in bull markets. Investors expect PEPE to do exceptionally well because it is not only undervalued but is also one of the top meme coins in the market today. 

PEPE Among the Most Credible Meme Coins

With the isk-on assessment of the markets back, PEPE is particularly set to benefit because it has credibility that most meme coins do not have. The average meme coin in the market today is only aimed at extracting value from investors. Over the years, investors have lost millions trying to catch a meme coin that can turn a small investment into millions. 

However, the easier it has become for anyone to launch a meme coin, the more scams have increased. This has created a situation where investors seeking the oversized returns that come with meme coins are turning to the more established ones. PEPE is one of the most credible meme coins. Not only has PEPE been around for a considerable amount of time, but it is also highly decentralized, making the possibility of a rug pull almost impossible. As such, it could see a flood of capital as the market shows potential for a full return to a bull market.

Bullish Sentiment Around Ethereum Boosting PEPE

Besides its credibility, PEPE stands to gain from the rising bullish sentiment around Ethereum. For the better part of 2024 and early 2025, Ethereum lagged behind Bitcoin considerably. Since altcoins tend to rely on Ethereum for their price action, this has meant that the 2024/25 bull cycle has so far been weak for altcoins. 

However, Ethereum has woken up and is increasingly outperforming Bitcoin during market rallies. The result is that Ethereum-based altcoins such as PEPE are also increasingly showing bullish momentum. For PEPE, the combination of the Ethereum factor and it being a meme coin means a rally to new all-time highs coming soon.

Technical Analysis – PEPE Price Still Within A Multi-Week Range

While it sends bullish signals during the day, PEPE is still trading in a multi-month range between the $0.00001605 resistance and $0.00000584.

PEPE Price
Source: TradingView

If bulls sustain momentum and push PEPE through the $0.00001605 resistance, a rally to $0.00002643 could follow in the short term. On the other hand, if bulls lose momentum, the odds are high that the consolidation could continue in the foreseeable future.

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