Pepe (PEPE) Boasts 64% Growth Despite Saturday's Dip – Can it 21x From Here?

The meme coin market, valued at $53 billion in late April, surged to $77 billion on May 23rd, before correcting to the $71 billion range the following day.

The meme coin market, valued at $53 billion in late April, surged to $77 billion on May 23rd, before correcting to the $71 billion range the following day.

After this dip, Pepe (PEPE) seems poised to continue leading the meme coin rally with explosive gains. However, a new contender — Fantasy Pepe — is generating buzz with its innovative blend of AI-driven fantasy football and meme tokenomics, potentially aiming for even bigger gains, having already raised over $500,000 in its presale within just a few days.

Pepe Boasts 64% Growth Despite Saturday’s Dip – Can it 21x From Here?

Pepe hovered just below the $0.00001 mark in early May, reaching $0.00001603 by May 23rd thanks to bullish market sentiment.

Like Bitcoin (BTC) and most altcoins, PEPE saw a sharp correction within 24 hours, with $100 billion wiped from the overall crypto market cap.

Dropping to $0.0000139, PEPE still maintains an impressive monthly gain of 64.88%, despite a 12% loss on May 24th.

Despite the volatility, technical indicators remain strong for PEPE, suggesting a short-term rebound is possible. Its Relative Strength Index (RSI) hit 59.19 after the dip, indicating there’s still room to grow before becoming overbought.

Traders appear optimistic, as PEPE’s long/short ratio surged from 1.5 to 2 during the dip—showing only one in three traders are betting against it.

Technical analyst CryptoELITES believes PEPE’s price action will continue to respect key Fibonacci levels (61.8% and 23.6%), noting historical patterns where the token surged after “bottoming out,” which he believes occurred at $0.000007. He predicts a rally to $0.00025, with potential to push even higher to $0.0003.

Reaching $0.0003 would represent a 21x gain from PEPE’s current price and eclipse its previous all-time high of $0.00002825.

This outlook is supported by PEPE trading above its 200-day Simple Moving Average (SMA) of $0.00001065, a bullish indicator for long-term growth.

Investors can currently claim Fantasy Pepe tokens for as low as $0.000377, with a generous 725% staking APY.

Experts at CoinDock highlight Fantasy Pepe’s unique selling points:

Its potential for explosive gains due to the booming meme coin market and Fantasy Pepe’s rapid presale momentum.

The project’s distinctive offering—combining AI technology with fantasy football in a new crypto token.

The role of presale hype in setting the stage for a strong launch on exchanges in July.

With over $500,000 raised for the presale and more pouring in, Fantasy Pepe is quickly becoming a force to be reckoned with.