Can Pepe coin Double in Price in Short term: Pepecoin Next Target

Pepecoin has corrected from it’s recent highs and this could be a good buying level for a potential of 60-80% returns when the crypto market hits upswing.

In this article, we will look at Pepe coin next target by looking at price chart and technicals.

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• Price: $0.000008104
• Market Capitalization: $3.4 billion
• 24-Hour Trading Volume: $1.26 billion
• Circulating Supply: 420.68 trillion PEPE
• Total Supply: 420.69 trillion PEPE

Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with upside potential to $0.000008 resistance or possibly $0.000009, which was the prior upswing high. Stop Loss at $0.0000057. 

• Relative Strength Index (RSI): 51.
• Moving Averages:
  • 50-day SMA: $0.000008500
  • 200-day SMA: $0.000009200
• Trend: Short-term trend is Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
• Momentum: Price is neither overbought nor oversold currently.
• Support and Resistance: Nearest Support Zone is $0.000006. Nearest Resistance Zone is $0.000011, then $0.000013.

• Elon Musk’s Influence: On December 31, 2024, Elon Musk changed his profile picture to “Kekius Maximus,” a frog-themed meme which lead to a 6% surge in PEPE’s price.
• Telegram Channel Breach: In September 2024, PEPE’s official Telegram channel was compromised by an unauthorized individual, “lordkeklol,” who used it to promote fraudulent schemes.

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