Despite a recent lackluster performance, Pepe coin remains a closely watched asset within the meme coin ecosystem, with the token seeing a 13% gain today.
However, Bitcoin’s recent strength has shifted focus away from altcoins, causing Pepe to remain largely stagnant. While today’s uptrend shows some potential, technical indicators highlight key levels that could signal a stronger bounce and offer profitable entry points if trends shift further.
While Pepe maintains a strong following, investors are now also highlighting the new meme coin Pepe Unchained, which recently broke records by reaching $25 million in presale funding.
As both tokens gather momentum, Pepe and Pepe Unchained are positioning themselves as potential rivals in the upcoming altcoin season, each vying for the crypto spotlight with distinct potential.
Pepe (PEPE) price analysis and price prediction
Pepe’s market capitalization currently stands at approximately $4 billion, reflecting a 10% increase, while its trading volume has experienced a slight uptick.
The coin remains fully circulated—often a bullish sign as supply limitations can drive value during market rebounds. It’s worth noting that recent external factors, like a surge in Bitcoin’s dominance, have kept altcoins, particularly meme coins like Pepe, from rallying.
When Bitcoin surges toward its all-time highs, altcoins, which tend to be more speculative, typically remain flat or even decline. Nevertheless, a future pullback in Bitcoin could allow meme coins like Pepe to regain momentum, especially with the potential for a broader altcoin season.
Analyzing Pepe’s chart, it appears that a more conservative approach is needed, given the pattern currently taking shape. Pepe has formed a rising wedge, a pattern characterized by higher highs and higher lows converging, often indicating an impending downward breakout.
Rising wedges generally resolve by breaking down, and, for Pepe, this could mean further declines before any significant bounce. Pepe is currently trading around $0.00001042, with the $0.000009 level serving as a notable historical support.
If Pepe dips to this level, it could present a potential buying opportunity for those with a long-term view, as a rebound might yield gains of up to 35%, bringing the price closer to previous resistance zones.
On the other hand, if the current bullish momentum continues, Pepe may climb further without retesting support. In this case, investors holding Pepe may choose to maintain or even increase their positions, capitalizing on upward momentum.
How Bitcoin’s Bull Run Could Spark a New Altcoin Surge
Broader market conditions also play a role in Pepe’s outlook. Bitcoin recently surged, buoyed by reports of institutions like BlackRock accumulating billions of dollars’ worth of cryptocurrency.
This influx of capital into Bitcoin could signal the early stages of a larger crypto rally, with meme coins like Pepe expected to benefit from a trickle-down effect during the anticipated alt season.
Historically, alt seasons occur after Bitcoin stabilizes or pulls back slightly from recent highs, giving room for other coins to capture market interest and investment.
Adding to the market’s intrigue is the recent U.S. presidential election, as certain communities have associated Pepe with former President Donald Trump’s campaign slogan, “Make America Great Again.”
Should Trump’s campaign gain traction, there’s a strong belief within the meme community that Pepe could see a resurgence in alignment with the political climate, offering potential upside for investors looking to capitalize on thematic rallies.
Additionally, the anticipated altcoin season and improved market conditions could fuel a rebound for Pepe. Meanwhile, Pepe Unchained—a new Pepe-themed presale generating significant buzz—recently reached a $25 million milestone, further reflecting growing interest in the broader Pepe ecosystem.
If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.
Pepe Unchained: Alternative token set for Alt Season gains
Pepe Unchained’s initial coin offering (ICO) has already reached the $25 million mark in funds raised, signaling its strong potential for success. Investors and analysts are comparing it to early-stage hits like Dogecoin and Turbo, with Pepe Unchained emerging as a standout asset in the presale phase.
Built as a Layer 2 blockchain on Ethereum, it aims to offer fast, low-cost transactions, with a design specifically tailored for the meme coin ecosystem.
By enabling instant bridging between Ethereum and Pepe, it meets the needs of meme coin projects, delivering lower transaction fees, higher capacity, and speeds up to 100 times faster than Ethereum.
With significant attention on this project, many believe that early investors could see substantial returns once it launches. Positioned as a future hub for meme coins, Pepe Unchained could attract a wave of new capital, similar to the effect seen with Solana.
As of today, the top 5 meme coins launched on competitor launchpads have a cumulative market cap of over $1 Billion.
That means YOU could not only launch and run your own coin. But profit massively from its success.
— Pepe Unchained (@pepe_unchained) November 6, 2024
For those interested in joining this emerging project, visiting Pepe Unchained’s official website offers a way to participate. Following their social media channels is also recommended to stay updated on the latest developments and announcements.
This keeps potential investors informed of upcoming milestones and ensures they don’t miss out on key updates as the project progresses. To participate in the $PEPU token presale, go to pepeunchained.com.
