Pepe Price Prediction as PEPE Global Ranking Falls to 130 – Will PEPE Rise Again?
The Pepe price has slumped to $0.000001015 today, falling by 7% as the cryptocurrency market as a whole drops by 5% in the past 24 hours.
PEPE has now fallen by 16% in a week and by 27.5% in the last 30 days, with the meme coin also having lost 76.5% since reaching an all-time high of $0.000004307 in May 2023.
Such is PEPE’s decline in recent months that the coin now stands at 130th in terms of market cap, down from 58th last May.
This may signal a long-term, terminal decline on PEPE’s part, yet given its appeal to whales as an easy vehicle for quick gains, it may rise again sooner or later.
PEPE’s chart shows that the coin has lost a serious amount of momentum in the past couple of months, with more pain likely in the near future.
Its relative strength index (purple) has fallen below 40 in the past couple of days and looks like it’s on its way to 30, if not lower.
If that weren’t bad enough, PEPE’s 30-day average (yellow) is on the brink of dropping below its 200-day average (blue), forming a ‘death cross’ that can often signal steep incoming losses.
It therefore doesn’t look good, with PEPE’s support level (green) falling hard since early December.
The coin’s volume also looks grim, standing at only $70 million, after periods in previous months where it rose as high as $1.5 billion.
This would imply a nearly complete loss of interest in PEPE on the part of traders and whales.
Indeed, the last recorded PEPE transfer of significant size happened on January 12, when a whale sent around 2 trillion PEPE to Binance.
A whale deposited 2T $PEPE ($2.74M) to #Binance 5 hours ago.
The whale spent 920 $stETH($1.55M) and 253 $WETH($480K) to buy 2.01T $PEPE between May 5, 2023, and Sept 10, 2023.
Selling now will make a profit of
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