Pepe Price Surpasses UNI, This New Pepe Derivative Might 100X

On Dec 9, 2024

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The Pepe price climbed 20% in the past week and 2% in the last 24 hours to trade at $0.00002640 as of 11:26 p.m. EST on trading volume that tumbled 15% to $7.3 billion.

This comes as PEPE surpassed the Uniswap (UNI) token in terms of market capitalization after the Pepe price soared to an all-time high of $0.00002716. PEPE reached a market capitalization of over $11 billion, surpassing UNI’s $10.8 billion, according to CoinGecko.

Pepe Price Aims For A Sustained Surge

The PEPE/USD chart displays a strong bullish trend, highlighted by a recent sharp breakout and sustained price momentum to the upside.

Before the breakout, the Pepe price consolidated in a sideways range, as indicated by the purple box within the $0.00001875, forming a rounded bottom pattern—a bullish reversal pattern, according to data from GeckoTerminal.

The rounded bottom pattern has a “neckline” near the 0.00002460 level, and the price has retested this zone before moving higher, confirming its strength as support.

The continued surge in the last four days has pushed the price of Pepe to trade above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a strong support of the continued surge.

Meanwhile, the Relative Strength Index (RSI) is around the 67 mark and approaching the 70-overbought region. This suggests that the bulls are actively buying the asset, and could continue pushing it to the upside.

The Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), with both lines trending upward. This reflects bullish momentum, supported by expanding histogram bars showing increasing strength in the trend.

Pepe Price Chart Analysis Source: GeckoTerminal — PEPEUSD Chart Analysis Source: GeckoTerminal

Pepe Price Prediction

Given the strong uptrend, the Pepe price could target the next resistance levels near $0.00002800–$0.00003000, as suggested by the upward momentum and lack of significant overhead resistance.

If RSI enters the overbought territory, the price might see a minor pullback toward the $0.00002213 support zone or the 50-day SMA ($0.00002200 region) before continuing upward.

Meanwhile, investors are flocking to a newly launched Pepe alternative called Wall Street Pepe ($WEPE), which prominent crypto YouTuber Austin Hilton, boasting 295K subscribers, predicts will “revolutionize” the crypto space.

Wall Street Pepe Raises Over $3 Million In Less Than A Week

Wall Street Pepe’s presale is exploding, raising over $3.1 million in just six days, highlighting strong investor demand. While frog-themed meme coins emerge almost weekly, Wall Street Pepe sets itself apart as a truly unique innovation, not just another Pepe copy.

This project merges the humor of meme culture with innovative crypto utilities, crafting a unique ecosystem. Unlike most meme coins driven solely by hype, Wall Street Pepe focuses on real-world functionality.

Its mission is to level the playing field for everyday traders by providing exclusive market insights and trading tips. Think of it as your go-to trading companion, expertly navigating the expanding meme coin landscape.