Pepe has risen by 2% in the past 24 hours, with its move to $0.000007001 coming on a day when the crypto market as a whole has fallen by 2%.
The meme coin is now up by 10% in the past week, although it remains down by 30% in a month and by 5% in the past year.
Despite its recent losses, analysts are increasingly predicting an incoming rebound, with Marcus Corvinus recently suggesting that it could even rise as high as $0.0000212 in the next few weeks.
While this is a best-case scenario, other analysts are also optimistic, with PEPE having entered a strongly oversold position.
Can Pepe Really 5x in 6 Weeks? Analyst Calls for a Monumental Rally
Posting on X, Corvinus wrote that PEPE is “on the edge of something big,” with the token potentially ready to breakout from a descending pattern.
Assuming it does reach $0.0000212, this would represent a 200% increase, although Corvinus’ chart also includes $0.00003048 as an upper bound, which would be a 335% increase.
This is a very bullish analysis, and there’s no doubt that PEPE has been declining for quite a while now, having reached an ATH of $0.00002803 on December 9, 2024.
Other analysts are also positive, with Ali Martinez warning a few days ago that the TD Sequential indicator on PEPE’s chart is flashing a strong buy signal.
While Martinez didn’t offer a price target, his prediction of a bullish turnaround is a sign that PEPE is about to do something big.
The coin has seen its trading volume almost double in the past couple of days, from just over $400 million to just over $800 million as of writing.
This suggests that a new trend may be starting, with PEPE’s chart today also indicating an incoming rebound.
For instance, its RSI (purple) has just bounced up from the oversold 30 level, and appears to be on its way to 50, if not higher.
And we also see the coin’s 30-day average (orange) about to flatten out, most likely as a prelude to rising back above the 200-day (blue).
Source: TradingView
In other words, the market has indeed sold PEPE too much, with now being a good time to buy the token at a discount.
Given an improvement in wider market conditions, the coin could easily return to $0.000010 in the next few weeks, before hitting $0.000020 by H2.
Pepe Coins with Stronger Fundamentals
PEPE is always going to be a contender for strong rallies, yet there’s an argument that the coin’s best days are already behind it.
As a meme token without utility, it would always be at risk of falling by the wayside in the event that whales and other traders lost interest in, with something like that seemingly happening now.
However, there are alternatives that combine Pepe’s viral memes with firmer fundamentals, with a good example of this being MIND of Pepe (MIND).
MIND has raised $7.4 million in its presale, with this figure standing as an early sign of its potential popularity.
And the reason why MIND of Pepe is already drawing a crowd is that it will launch an autonomous AI agent, one which will dispense with market analysis and also generate its own tokens.
As an AI agent, MIND of Pepe will process social media and trading data in order to identify trends and patterns, using its insight as the basis for its market advice.
It will also use its insight as the basis for launching its own, potentially viral tokens, which could go on to rally big in the way that Fartcoin and other crypto AI tokens have done so in recent months.
And the only way to gain access to its analysis is to hold MIND, while the token will also provide early access – before listings – to the platform’s self-generated tokens.
You can still join the MIND presale at the coin’s official website, where it’s currently selling for $0.0035376.
This price will rise again in just over a day, and it will continue to rise for the duration of the presale, so newcomers should act quickly.
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