The past weekend in the crypto space was relatively calm, with meme coins experiencing a slow price action. However, PEPE price reached new all-time highs before cooling off slightly below the $0.00001 level.
Let’s explore what prominent crypto analysts have to say about the PEPE price prediction.
PEPE Coin Price Prediction
XForceGlobal, an analyst with a significant following of almost 20k on X, shared his analysis of the PEPE price prediction. He mentioned exiting his PEPE position but sees potential for further upside. According to his analysis, PEPE has seen a 197% move from the wave 4/B bottom, indicating a possible pullback for the bull market to continue.
The analyst presented two scenarios for the PEPE price movement. In scenario one, he suggests a potential 50-80% correction for wave 2 after a 1,600% increase over the past year. In the second scenario, he proposes that wave 4 is still in progress, indicating a deeper correction that could lead to bullish outcomes in the meme coin ecosystem.
$PEPE
Primary Macro AnalysisI am finally out of my position for $PEPE even if we are looking for a little potential more upside. We made a 197% move from that wave 4/B bottom potential at the .618. Overall, we should be rational here and look for some kind of pullback if we… https://t.co/T5EYEzfmFW pic.twitter.com/4WcLqxv9rr
— XForceGlobal (@XForceGlobal) May 19, 2024
Analysts predict a pullback for PEPE, with varying extent and duration of the correction, emphasizing the need for a correction to allow future price increases.
Additionally, YouTube channel 99Bitcoins, with around 700k subscribers, shared their PEPE price prediction. Their technical analysis shows a downward trend on the one-week chart after breaking all-time highs, while the one-month chart indicates significant gains with bullish indicators.
Moving averages suggest a buy signal, indicating PEPE is still in a bullish phase with positive technical indicators.
PEPE has shown impressive gains over different time frames, with a current correction expected to set the stage for future price increases in alignment with the upcoming bull market, particularly as Bitcoin’s value rises.
Analysts anticipate short-term sell-offs for PEPE before a potential rebound to new highs, potentially reaching another zero in its price.
Best Meme Coins to Buy Now – Next Meme Coin to Watch
99Bitcoins highlighted WienerAI as a potential upcoming meme coin to watch and invest in. WienerAI combines AI trading bot technology with a humorous theme, currently in presale having raised $2.3 million. It offers advanced features like AI trading technology, a token swapping platform called Sausage Swap, and high staking rewards.
WienerAI’s growing community and presale success indicate investor interest, with positive sentiment across various crypto media outlets. The AI trading bot sets WienerAI apart, offering advanced features for traders.
Another meme coin to watch is Sealana, inspired by the viral South Park character “Gamer Guy.” Sealana has raised around $2 million in presale, aiming for success similar to Slothana, a Solana-based meme coin that achieved significant market cap growth post-launch.
Conclusion
PEPE’s price remains a focal point in the meme coin ecosystem, anticipating a potential pullback before further upward movements. Short-term corrections are expected, but overall sentiment remains bullish, with PEPE poised to benefit from the upcoming crypto bull market.
Projects like WienerAI and Sealana emerge as potential meme coins to watch, offering unique features and garnering interest in their presales.
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