Key Insights:
- PEPE has higher daily volume, $1,760,746,544B than DOGE and more volume than literally all of the other meme coins.
- PEPE climbed above a key resistance of a falling wedge, suggesting a bullish scenario.
- Smart money traders have been buying AAVE, CULT, ENA, PEPE, and JOE and these tokens topped the Smart Money CVD dashboard in the last 24 hours.
As the broader crypto markets saw a recovery that was led by DeFi tokens and memecoins thus a PEPE price prediction was key to gauge its future potential.
A couple of analysis pointed toward a continued uptrend for PEPE price despite a mere 3% gain in a day but the volume signaled otherwise.
PEPE Flips All Meme Coins In Daily Volume
The market proved strong for PEPE meme coin, recording more than $1.66 billion in trade volume over the past 24 hours as of press time, than Dogecoin’s [DOGE] $1.44 billion.
PEPE’s volume was also far more than other meme coins such as dogwifhat [WIF] with $629 million), OFFICIAL TRUMP had $354 million, Bonk with $289 million, Fartcoin with $259 million, and Shiba Inu [SHIB] scooped $227 million.
Now, PEPE was the top meme coin in traded quantity, so its dominance approached greater individuals who were interested, thus the amount of money flowing in was high, and plenty were speculating.
PEPE’s active trading may be pushed by means of more traders use of it or speculators inflicting the price to upward push, that may lead to more boom.
Yet, investors ought to be careful, since high trading volumes are likely to lead to more fluctuations.
Supporting such big activity depends on maintaining community involvement, making smart decisions, and positive conditions within the market for meme coins.
That’s why even though PEPE was handled better by traders now, it must still enjoy steady growth and healthy enthusiasm among investors.
PEPE Price Prediction
On the PEPE price prediction, the meme coin surpassed a key resistance of a falling wedge, suggesting a bullish scenario.
After building a wedge pattern, the price went upward and closed above the resistance at $0.00001300.
It meant that the buyers were now in charge and tending to move toward the next immediate resistance, which was near $0.00001400.
If the price continued rising above the wedge, PEPE might pass toward the $0.00001600 mark.
In the opposite scenario, PEPE holding beneath $0.00001300 might show that the breakout might be false.
As a end result, sellers could build up extra power and push the charge up all over again to retest the upper border of the wedge, round $0.00001200.
If this happens, the price may drop until it challenges support zones at $0.00001050 and $0.00000950, important levels proven in previous support tests.
In the past, the wedge pattern hinted that a reversal could happen, but PEPE needed to keep producing volume and show positive sentiment to prove this.
So, it would be good to monitor the $0.00001300 level and the $0.00001400 level to see if the breakout is true and to learn about possible upward opportunities.
Smart Money Accumulation PEPE
Worth noting, Smart money traders have been buying AAVE, CULT, ENA, PEPE, and JOE and these tokens topped the Smart Money CVD dashboard in the last 24 hours.
For PEPE price prediction, seeing net purchases of $108.1k, proved the buyers were in command and there wasn’t much pressure from those who wanted to sell, suggesting PEPE may be heading up.
Likewise, AAVE led the board with a strong net buying volume of $499.1k at its present price of $301.3 as of press time.
PEPE’s cost-effective inflows may end up sending the price north and further boosting its bullish outlook over the coming days.
Even so, for prices to keep climbing, active buying by investors is important, so it’s necessary to watch for changes in their behaviors.