The Pepe price has experienced a 4.5% decrease in the past day, dropping to $0.00001365 after hitting a new all-time high of $0.00001526 recently. Despite this decline, the meme coin is still up by 37% in a week and 74% in a month, making it the best-performing token in the top 100 over these periods. With a substantial 820% increase in a month, there is strong long-term momentum expected to resume once the current dip stabilizes. Following the approval of Ethereum ETFs by the SEC, the broader market sentiment is likely to turn bullish, potentially leading the Pepe price to reach another all-time high soon.
The current indicators suggest that PEPE is losing momentum and undergoing a correction phase. The relative strength index has fallen to nearly 40 from an earlier high of 70, and the 30-day average is showing a downward trend, possibly falling below the 200-day average. Despite the possibility of a sustained correction lasting a week or so after several record highs, the high trading volumes and continued interest from whales indicate a potential recovery in the Pepe price to break its peak again.
Recent whale activity withdrawing and accumulating PEPE tokens suggests ongoing interest and demand for the meme coin. The acquisition of 982.56 billion PEPE tokens worth $13.6 million within two days signals confidence in the token’s potential. With the SEC approving eight Ethereum ETFs, the market anticipates increased demand and volume for Ethereum and altcoins like Pepe. As demand and interest remain high, there is a possibility of the Pepe price rebounding and surpassing its all-time high once more.
The bullish market sentiment driven by Ethereum ETF approvals could see the Pepe price rising to $0.0000150 in the short term and reaching $0.000020 by the fourth quarter. However, diversifying into other altcoins may present opportunities for better returns, especially as PEPE may undergo a corrective phase and consolidate in the coming weeks. A new meme coin like WienerAI, with features such as an AI trading bot, atomic swap capability, MEV protection, and staking for passive income, offers investors additional utility and potential for growth.
WienerAI, characterized by a cute sausage dog meme, has generated significant attention due to its presale success and innovative features. Its AI trading bot will provide insights on high-potential coins, helping traders stay ahead in the market. With an atomic swap feature for quick purchases and MEV protection against front-running bots, WienerAI offers a unique user experience. The coin’s max supply of 69 billion tokens and potential deflationary nature, along with staking benefits, make it an attractive investment option. Interested investors can participate in the ongoing sale with 1 WAI priced at $0.00071, potentially seeing price surges upon listing on exchanges.
