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PEPE, one of the hottest meme coins in recent times, has kept traders on their toes with unpredictable price action. From massive rallies to swift dips, PEPE largely ignored the usual crypto trading rules.
Now, as May begins with price levels tightening, investors are wondering: is PEPE price setting up for another legendary leap, or is it just croaking along sideways? Fresh hourly and daily chart data provides some clues.
Pepe (PEPE) price has been quietly building energy over the past week or so. After weeks of sideways trading, the price now sits at around $0.00000879.
With bulls and bears closely engaged in a tug-of-war, what happens next could be closely observed by those invested in PEPE.
Let’s break down the current chart patterns and see if this frog coin has one more jump left in it.
What the Daily Chart Is Saying
Looking at the daily chart, PEPE price has been consolidating closely around the 100-day SMA ($0.00000878) with a recent rejection at the 200-day SMA around $0.00001289.
That upper resistance is no small feat—the last time PEPE tried to break it, it quickly fell back into correction. However, the good news for bulls is that PEPE has maintained higher lows since early April, showing some underlying strength.
If it manages to break and close above $0.00000950 convincingly, the next target could be around $0.00001200 to $0.00001300. At least that's what the fib levels suggest.
Hourly Chart: Breakdown or Fakeout?
The hourly chart, however, shows a more short-term bearish view. Recently, PEPE dipped below the 200-hour SMA ($0.00000893), showing some weakness.
The sharp candle drop on April 30 shows strong selling pressure at higher levels. But with the ADL (Accumulation/Distribution Line) still holding above 1,490, it seems like accumulation is still present—buyers aren’t completely out yet.
This suggests that any dip below $0.00000850 could be temporary, unless there's a clear breakdown below $0.00000800, which could open the door for a move toward $0.00000700 or lower.
PEPE Price Prediction: 30-Day Targets
Let’s quickly run a simple projection based on recent volatility:
Potential ROI Calculations:
If you invest $1,000 at $0.00000879:
Social buzz around PEPE is still going strong, with daily volumes remaining above the $50 million mark. But the lack of major exchange listings or any real ecosystem development means that the next rally will likely depend on hype or a meme coin catalyst.
Overall, with May kicking off, PEPE price is certainly one to keep an eye on as it dances closely with major support and resistance levels.
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