Pepecoin Turn Green Amid Recent Surge To An All-Time High – What’s Next for PEPE?

The frog-themed memecoin Pepe (PEPE) has retraced after a minor bearish sentiment in its daily timeframe.

In the last 24 hours, Pepe has gained 3.38%, hovering around $0.00002128, and the market cap is at $8.92 billion. Also, over the past week, the meme coin recorded gains of 70.50%, showing notable resilience in the memecoin market.

However, according to Coinmarketcap, PEPE is 16.27% down from its ATH value of $0.00002524 recorded on November 14. Given the improved market condition, will PEPE reclaim its all-time high?

The following analysis will provide more insights into Pepe's possible trajectory in the coming days.

PEPE Breaks Significant Price Level as Memecoin Mania Causes Buzz

Pepe ($PEPE) has shattered its previous all-time high, riding the wave of renewed enthusiasm in the memecoin market.

Following Donald Trump's unexpected 2024 presidential victory, the cryptocurrency market surged, with major coins hitting new highs.

This bullish sentiment has created fertile ground for speculative assets like memecoins to thrive.

Leading the charge, Dogecoin ($DOGE) more than doubled in value after Trump announced a Department of Government Efficiency" (DOGE) helmed by Elon Musk. This sparked frenzied buying activity.

$PEPE also benefited from the excitement, breaking through to new highs of $0.00002524 after gaining major listings on platforms such as Coinbase and Robinhood.

Although it saw a brief dip post-peak, the coin has maintained a strong upward trend, doubling its value in just a week. The buzz surrounding meme coins shows no signs of slowing down, driven by market speculation and fear of missing out (FOMO).

This could fuel further buying activities for $PEPE, potentially propelling it beyond current levels to set new all-time highs.With most meme coins in the top 200 experiencing double-digit gains, many investors see this as just the beginning of an extended bull run.

If this momentum continues, $PEPE could reach unprecedented price levels, reinforcing its status as a star in the memecoin universe.

Pepe's Outlook on the Bigger Picture - Where's PEPE Headed?

Pepe has shown a notable bullish trend, as illustrated in its recent daily chart performance. The chart above displays over seven consecutive bullish candles, indicating a strong upward momentum, even amidst bearish activities marked by intermittent bearish candles. This pattern showcases persistent buying pressure and hints at sustained investor confidence.

Furthermore, PEPE trades above its 50-day and 200-day Simple Moving Averages (SMAs). This positioning is significant, as it suggests the asset is in a strong upward trend.

PEPE has formed a golden cross, a bullish signal that confirms a potential shift to a sustained uptrend. Moreover, the Moving Average Convergence/Divergence (MACD) indicator supports this optimistic view.

The MACD is above the signal line, with bold green histogram bars, indicating robust buying momentum. These bullish indicators suggest that Pepe has the potential for continued gains in the near term.

PEPE's Relative Strength Index Shows No Sign of Waning - Forever Overbought Market?

Pepe is extremely overbought, with the Relative Strength Index (RSI) around 86. This setup suggests the coin might be due for a price correction or consolidation.

However, despite the overbought condition, there are currently no clear signs that its RSI is poised to drop back to neutral (between 30 and 70) or move into the oversold territory (below 30).

Such sustained overbought conditions can imply that buyers are optimistic, supporting the potential for further upward price movements before any major reversal.

However, traders should be cautious and monitor the market closely to be on the safe side. Until then, Pepecoin may capitalize on the bullish momentum before the typical effects of the market condition begin.

Besides PEPE, another revolutionary memecoin with a unique style, FreeDum Fighters $DUM, could be worth grasping ahead of the buzzing meme coin mania.

FreeDum Fighters ($DUM) Presale Blooms as Crypto Takes Center Stage in US Politics

FreeDum Fighters ($DUM) has continued to gain traction given its unique PolitiFi approach that blends political satire with innovative staking mechanics.

Its native token, $DUM, is multichain, which means it's available on Ethereum, Base, BSC, Solana, and other EVM chains.The project is capturing significant attention from investors and crypto enthusiasts thanks to its dual staking system.

Investors choose between Magatron (Donald Trump) or Kamacop (Kamala Harris). Each model offers substantial APYs, where 490% goes for Trump voters and 1,866% for Harris voters.

Also, its weekly debates create an income stream for users as the winning team receives $DUM airdrops, further increasing its allure to investors.

So far, its presale has raised over $591,000, with 10.18 billion tokens sold. Each DUM token is currently priced at $0.000085, with its presale at phase 2.As the presale progresses through 20 stages, the price is expected to rise to $0.0001462, providing early investors with a potential profit as the token appreciates.

Though a meme coin, FreeDum Fighters offers more than just entertainment. Its PoliFi theme and staking concept place it as a tough contender for established coins like PEPE.

With the crypto space buzzy with growth expectations as the pro-Bitcoin Donald Trump steps into power, PoliFi tokens like DUM could be poised for massive growth.

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