How High Can It Surge This Week?
Pepe is another leading cryptocurrency token that has proven to be central to the market lately. The meme coin skyrocketed to new highs based on GME token hype and established a new all-time high rather quickly. Since then, it has managed to maintain a steady pace, trading at $0.00001592 at press time.
Also Read: 10 U.S. Sectors To Be Affected if ASEAN Ditches the Dollar
Pepe Weekend Price Forecast
Pepe’s meteoric price rise was nothing short of a pleasant surprise. The frog-themed token experienced a brief surge recently. Indeed, it was triggered and inspired by the GME token hype, which was yet again pushed by roaring kitty Keith Gill’s impromptu return on X.
Gill uploaded a video on X, marking his return from a temporary sabbatical, which greatly influenced the GME token to touch new price highs. Banking on the token’s compelling hype, Pepe also touched new price highs, establishing a new price ATH in the process.
Per CoinCodex, Pepe will continue to mark its upward ascent. The token is expected to surge and spike by 30% by June 2, 2024. The token may trade at a price level of $0.00002109.
Similarly, Pepe may also surge to establish a new price later in June.
“The Pepe Coin price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Pepe Coin projections, PEPE will be changing hands at $0.00002409 on June 4, 2024, gaining 49.09% in the process.”
Also Read: BNB June Forecast: Is $700 On Cards For Binance Coin?
Pepe June Forecast
The month of June looks particularly favorable for Pepe, as the token may ascend and mark a new price threshold for itself. Per CoinCodex, Pepe may surge and peak 230% to trade at a new price level of $0.00005341, deleting a zero from its valuation.
“The price of the token is predicted to rise by 230.59% and reach $0.00005341 by June 27, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 72 (greed). The Coin recorded 19/30 (63%) green days with 27.28% price volatility over the last 30 days.”
Alongside that, the coin may face initial price resistance at certain price levels, but the overall price trajectory of Pepe looks bullish for June 2024.
“Based on today’s classical pivot point (P1) with the value of $0.00001665, The token has support levels of $0.00001612, $0.00001558, and the strongest at $0.00001506. Similarly, Coin’s resistance levels are at $0.00001719, $0.00001771, and $0.00001825.”
Credit: Source link
