Important points
- PEPE current price is $0.0₅4646. It is expected to fall to $0.0₅3301 by the end of this week.
- Pepecoin’s market outlook is dominated by sentiment and social media hype rather than actual fundamentals.
- Pepe Coin is currently trading -56.15% below its 200-day SMA of $0.00001076, indicating that it may not be able to gain momentum anytime soon.
- Whales have been accumulating and redistributing PEPE to wallets and exchanges in order to cause a spike in liquidity and volatility.
- Monetary policy and interest rate cuts by the US Federal Reserve will have a long-term impact on Pepe Coin’s market performance.
Pepe’s current market scenario
Ethereum’s technical instability after the Fusaka upgrade has also affected Pepe’s price, making the market’s prospects for this meme coin suddenly bearish. The key indicators relevant to Pepe’s current market are:
- Fear and Greed Index: Bearish
- Market sentiment: 20 (extreme fear)
- Supply inflation: 12.70% (very high)
- Dominance: 0.06%
- Volatility: -0.08% (low)
Pepe Price Prediction: Today, Tomorrow, This Week
Pepe’s current price and expected price for next week are shown in the table below.
| date | price prediction |
|---|---|
| December 8th | $0.0₅4646 |
| December 9th | $0.0₅4608 |
| December 10th | $0.0₅4133 |
| December 11th | $0.0₅3798 |
| December 12th | $0.0₅3631 |
| December 13th | $0.0₅3538 |
| December 14th | $0.0₅3374 |
| December 15th | $0.0₅3352 |
| December 16th | $0.0₅3301 |
Market Outlook: Technical, Institutional Investor Activities and Macro Trends
Pepe is a meme coin based on hype and has no intrinsic value. Its market outlook is dominated by sentiment and social media hype rather than actual fundamentals. As social media hype increases, so does the value and price of meme tokens, and vice versa. Exchange listings and access to liquidity on major platforms, as well as broader crypto market performance, will also impact Pepe’s price.
technical analysis
According to technical analysis indicators, Pepe’s price has fallen by 81% in the past year. It outperformed Bitcoin and Ethereum by -79.62% and -76.33%, respectively.
Pepe Coin is currently trading -56.15% below its 200-day SMA of $0.00001076. The number of green days for Pepe Coin in the last 30 days is 12, which is 40%. Prices are currently down -83% from all-time highs.
14 days relative strength index Pepe Coin’s (RSI) is 40.71, which indicates that the cryptocurrency is currently neutral and may trade sideways. Pepe Coin is currently trading -3.93% below its cycle high and 18.75% above its cycle low.
On-chain scenario
Whale activity is very common on the Pepe chain. Whales have been accumulating and redistributing PEPE to wallets and exchanges in order to cause a spike in liquidity and volatility. Any changes in the supply of tokens and exchange listings will affect the price and value of the tokens. However, recently, there has not been enough whale activity to affect the price of Pepecoin.
organized activities
Pepe had no notable institutional activity, such as ETF inflows or outflows. Furthermore, there are no important preliminary information updates from reliable sources. This is due to the huge lack of status and intrinsic value of Pepe meme coins.
macroeconomic factors
monetary policy and Interest rate cut by the US Federal Reserve This will have a long-term impact on Pepe Coin’s market performance. Rising inflation rates could harm highly speculative assets such as Pepecoin. Geopolitical tensions and economic shocks will increase risk-off sentiment and reduce demand for volatile assets like PEPE in the short term.
conclusion
According to expert analysis, Pepecoin is entering a bearish phase. As a speculative asset, the potential for a rebound cannot be predicted. Attempts to increase liquidity, such as liberal monetary policy, could provoke a backlash from Mr. Pepe. Pepe’s long-term prospects will also depend on the expected ETF and clearer regulation.
Disclaimer: These cryptocurrency price predictions are based on predictive modeling and should not be considered financial advice.
Also read: Bitcoin company TwentyOne begins trading on the New York Stock Exchange on December 9th
