Pepe Coin Price Prediction: Can PEPE Soar 2x In June?

 

  • Pepe Coin price surged 60% in the past month, showing strong buyer support.
  • The meme coin is currently hovering above the support levels.
  • PEPE price may reach 2x in June, signaling steady growth.

Pepe coin (PEPE) price, a popular meme-based coin on the Ethereum network, has gained attention since its launch in April 2023. Inspired by the iconic Pepe the Frog meme, the token quickly climbed to a market capitalization of $5.76 billion, securing the 25th spot on CoinMarketCap. 

The meme coin hit an ATH of $0.00002803, trading about 50% just below that peak. Despite this, it remains over 24,600% above its lowest recorded price, showing strong volatility.

Pepe Coin Price Shows Strong Buyer Interest

Pepe coin price has attracted renewed interest after a quick recovery from a short decline. The token is trading above $0.000013 following a 60% rise in the past month. 

Lately, Pepe Coin fell close to $0.000012 but quickly recovered thanks to significant buying on important support levels. This improvement may foretell a broader increase in the market.

Several other cryptocurrencies have increased their value lately. Bitcoin is still above $108, and Ethereum is drifting near $2,500. These gains have lifted altcoins, including popular meme coins like Dogecoin, Shiba Inu, and PENGU. 

Market optimism received a boost after the announcement of a delay in U.S. tariffs on European imports by President Donald Trump. This move has reduced some market tension and increased speculative interest, helping to support meme coins such as Pepe Coin in the current market environment.

PEPE Price Could Soar with Bitcoin

Pepe price is predicted to soar once Bitcoin hits above $120,000 by a major analyst. During the previous huge Bitcoin rally, Pepe quickly increased from a market cap of $400 million to one worth $4 billion, giving investors a 10x profit in just a month.

The analyst predicts that Pepe, with its $5 billion market cap, will once again grow by a smaller, yet strong, 3x amount.

Assuming this increase continues, Pepe’s price could go up to $0.000045 and represent a big jump of 313% from where it is now. The forecast sees Pepe strongly connected to Bitcoin and predicts the token could gain a lot in the coming weeks.

Can Pepe Coin Price Hit $0.00002?

The Pepe price is currently trading near 0.00001439 USD on the 4-hour timeframe. Pepe price is holding below key resistance levels at 0.000015 and 0.000017 USD, which are critical for confirming an upward trend. 

The moving average crossover divergence (MACD) recently displayed a bullish signal, as the MACD line crossed over the signal line. Based on this, it seems that buyers are gaining momentum, which might raise prices soon.

According to the Relative Strength Index (RSI), the market is currently neutral as reflected in its reading of 52. This means that Pepe is nowhere near overbought or oversold, so prices could still go up before hitting the 70 level.

Pepe Coin Price Prediction: Can PEPE Soar 2x In June?
Source: Trading View

Traders are closely monitoring the breakout potential above the 0.000015 USD resistance level. A confirmed move beyond this point could open the way for Pepe to test the next resistance at 0.000017 USD and $0.00002.  On the downside, a sustained break below 0.00001 USD may increase selling pressure and lead to further declines.

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Maxwell Mutuma
Written by Maxwell Mutuma

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

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