Pepe Price Prediction: Trader Believes that PEPE’s Price Could Rise by 4,000%

Pepe (PEPE) has experienced a strong drop of nearly 21% in the past 7 days as the crypto market has been on a downtrend lately amid rising tensions in the Middle East.

However, in the past 24 hours, this meme coin has delivered mild gains of 0.2% at a point when most of its peers are facing significant losses.

Top assets like Official Trump (TRUMP), SPX6900 (SPX), and Bonk (BONK) have dropped by 2.5%, 4%, and 3.4% respectively as Solana meme coins are experiencing the brunt of the decline.

As expected, the Federal Reserve made no changes to its benchmark interest rate today. However, it confirmed that it will make two more rate cuts this year and may have appeased the market’s concerns about the state of the U.S. economy.

Lower rates favor meme coins in the near term as this results in higher leverage amid lower financing costs.

One trader on X named CryptoELITES, whose account is followed by more than 250,000 users, shared a chart that favored an explosive move for PEPE and has called this current level ‘the bottom’ for this popular meme coin.

Based on his Pepe price prediction, he expects that the price could deliver gains of more than 4,000% over the next few months based on the token’s historical pattern.

Pepe Price Prediction: PEPE Could Rise to $0.00001300 If This Key Support Level Holds

Looking at PEPE’s daily chart, the price seems to be bouncing off the $0.00001000 level, a psychological threshold where a significant volume of order blocks may lie.

Pepe had just broke a key level and made a lower low after a successful bounce off the $0.00001050 area. However, this latest bounce could end up pulling a bear trap that could propel the meme coin’s price to its nearest resistance at $0.00001300.

It is still a bit early to tell if the $0.00001000. But, if it does, it could trigger an explosive movement in the short term.

Momentum indicators are still favoring a bearish outlook. The Relative Strength Index (RSI) currently sits at 38 meaning that the downtrend is gaining strength.

If a break below $0.00001000 occurs, PEPE would risk a significant downturn that could push near $0.00000800.

If the bull market resumes at some point, which is the baseline prediction from most analysts, storing your cryptos safely would be a key priority.

Best Wallet (BEST) has emerged as one of the most promising crypto presales of the year. This Web 3 storage solution has raised more than $13 million to offer investors the most robust suite of tools and features.

Best Wallet (BEST) Supports 60 Different Blockchains and Offer Low Swap Fees

Best Wallet (BEST) aims to challenge leading solutions like MetaMask and Exodus by introducing powerful tools that give investors an edge in today’s challenging market conditions.

The wallet supports assets in 60 different blockchains and offers low fees for token swaps. In addition, it has created a tool called ‘Upcoming Tokens’ that helps investors identify the hottest crypto presales in the market.

In the past, it has spotted big winners like Pepe Unchained (PEPU) and, more recently, Solaxy (SOLX) – a layer-2 scaling solution for the Solana blockchain that will soon be launched.

The Best Wallet app is available for both Android and iOS mobile phones and it can be used to store the $BEST token.

$BEST is the ecosystem’s utility token. As this crypto wallet becomes widely adopted, the demand for this cryptocurrency will skyrocket as holders will enjoy lower fees and early access to new features.

To buy $BEST before the presale ends, head to the Best Wallet website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to invest.

Alejandro Ar