Pepe Price Prediction: 2024, 2025, 2030

PEPE price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the daily chart pointed to $0.0000150 as the highest resistance level.
• Meanwhile, $0.0000065 is anticipated to be the lowest support.

2. Market sentiment

• As of July 2024, the PEPE market is noted to be bearish.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, PEPE is forecasted to target an average approximate price of $0.0001 in 2027 and $0.001 by 2030.

Gain valuable insights on PEPE’s future trajectory through a comprehensive daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

PEPE technical analysis: Memecoin primed for a breakout?

Pepe’s (PEPE) hype has propelled it to the limelight among memecoins. The token’s uniqueness has sparked significant interest, making the Pepe price prediction for 2024 a crucial aspect for investors and market analysts.

The period under review started with the frog-themed token falling below $0.0000150, reinstating it as the highest chart resistance. The selling pressure weakened bullish efforts to reclaim this level. 
 

The following rejection dragged PEPE below $0.0000127. This level became a focal point for buyers, who focused on flipping this in their favor. After a brief breakout, the token retraced its steps below.

Notably, bulls held $0.0000109 to stave off further declines in mid-June. After stabilizing at this level for over a week, the price pumped to challenge the previous level. Yet again, the token fell victim to a price correction, rendering its slight move over the resistance fruitless.
 

This failure preceded a more pronounced downturn, compromising $0.0000109 by early July.  Substantial bearish candles drove the token to its lowest chart support at $0.0000083. A subsequent uptick over $0.0000092 was cut short as this level was put up as a strong price wall. 

AMBCrypto reported that PEPE faced significant struggles at this level. After the unsuccessful attempt to break out, the price plummeted to its previous low. The report further suggested that the memecoin needed to reclaim this level for a potential bullish reversal. 
 

Meanwhile, another article by AMBCrypto noted a significant drop in the number of PEPE addresses holding between $100,000 and $10 million worth of tokens, suggesting a recent sell-off ahead of the Ethereum (ETH) exchange-traded fund (ETF) launch.

This action indicated a lack of confidence among PEPE whales, contrasting with the generally bullish sentiment surrounding the ETH ETF. The analysis pointed out that despite this, the token could increase in value post-ETF launch if buying pressure increases. As the analysis ended, PEPE bulls had flipped $0.0000092 while trading at $0.0000095.

These trends pointed to a likely resumption of the uptrend soon. If the bulls step in with full force, investors might witness the memecoin reclaiming $0.0000109 before testing the peak barrier. Overcoming this can pave the way for the token to reach its all-time high (ATH). A sustained momentum can propel PEPE to go over $0.0000200.

Furthermore, the market hints that any incoming declines might be halted at $0.0000083. If not, PEPE's upcoming critical support level can be $0.0000072. Should this level fail to be sustained, it could return to its previous low of $0.0000065.

Looking ahead, predictive models maintain a moderately optimistic stance on PEPE's growth trajectory. By 2027, forecasts suggest an average price target of $0.0001, with expectations of reaching $0.001 by 2030. These projections highlight PEPE's immediate appeal and viability as a memecoin with great market potential.

PEPE's 2024 roadmap: Key indicators to watch and trade

• The Chaikin Money Flow (CMF) remained predominantly positive but experienced a brief drop below the zero line between early and late June. At the time of writing, the CMF registered at 0.01. This marked a drop from previous highs, reflecting a waning inflow of money into the asset.
• The trading volume accompanied the price’s corresponding highs and lows. It spiked with PEPE’s move to its lowest floor, indicating buyer entry.
• The Moving Average Convergence Divergence (MACD) line formed a bearish crossover at the outset. It dropped below the zero line in mid-month, with the signal line following shortly.
• A brief bullish crossover was observed between late June and early July and again by the end of the analysis. The latest recorded values were the MACD line at -0.00000075, the signal line at -0.00000077, and the histogram at 0.00000002. These values pointed to a gradual resurgence of buying pressure.