Pepe Price Prediction: Analyst sees a 30% decline in PEPE as traders flock to buy this Bitcoin alternative ahead of the price hike.

adminDecember 16, 2023

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The price of Pepe is up 4% in the last 24 hours, trading at $0.00000143 as of 12:45 PM ET, but volume is down 11%.

Lower trading volumes are a characteristic of weekends, when retail tends to take a backseat. Meanwhile, the number of PEPE holders continues to grow, now up to 81 addresses, as some investors look for more growth.

+81 new $PEPE Holder today.
exorbitant $PEPE Today I will try to host the space more often. 3 spaces per 2 months is not enough.$PEPE It just takes a little more time and energy to set off a chain reaction of explosive growth. $PEPE It’s so easy to predict because I’ve seen the same thing… https://t.co/NtNV9naqW0 pic.twitter.com/je8A4rtoEW
— Plasma (@Plazma0x) December 16, 2023

One trader expects Pepe’s price to face difficult times ahead. @Cryptokaleo watches Pepe’s price on a four-hourly basis and observes that the frog-themed meme coin’s upward trend has broken down again.

He said that unless the token recovers above the $0.0000018 level, he will not enter a long position on the price of Pepe, as any chance of PEPE hitting an all-time high has been nullified.

$PEPE
As of now, the above scenario is invalid. It won’t be long until we see bullish momentum and a recovery of 0.0000018.
I wouldn’t be surprised to see a return to the fundamentals of this range closer to 0.000001. pic.twitter.com/LaOQewzY4y
— Kaleo (@CryptoKaleo) December 12, 2023

@Cryptokaleo currently expects a 30% decline to the psychological level of $0.000001.

Pepe Price Outlook As PEPE Holders Expect More Growth

Pepe price is consolidating along an upward trend line as the frog-themed token recovers from a downward trend that began in July. As long as the price stays above this trend line, investors can expect more profits.

Nonetheless, it faces resistance in the July 13th supply zone ($0.00000146 to $0.00000172). To confirm the continuation of the uptrend, PEPE price must record a decisive candlestick close above the center line of the order block at $0.00000158.

If buying pressure increases beyond current levels, PEPE prices could turn these supply barriers into bullish breakers. This sets the tone for the price to target the next supplier congestion, marked by an identical high of $0.00000191.

In a very optimistic case, Pepe’s price could crash past $0.00000200. If you are very optimistic, you can take profits to test the $0.00000250 level. Such a move would represent a 77% increase from current levels.

The Relative Strength Index (RSI) is biased northward, showing rising momentum. The position above the 50 midline along with the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) indicators highlight the bullish outlook, showing that bulls are driving the PEPE market.

pepe price — TradingView: PEPE/USDT 1-day chart

converse case

On the other hand, if supply barriers remain at resistance levels, Pepe price may face a rejection, which could result in it losing the support provided by the uptrend line. A break and close below the $0.00000100 psychological level invalidates the bullish argument.

In severe cases, the slump may extend to the price testing the $0.00000085 support level, while in severe cases it may extrapolate to the $0.00000061 support level.

Meanwhile, the eyes of the broader cryptocurrency market are focused on Bitcoin (BTC) and BTCMTX. This comes as January and 2024 promise a number of bullish developments for the king of cryptocurrencies more broadly. This is the main reason why BTCMTX is included in analysts’ top 5 cryptocurrencies to buy in December, with 10x growth potential.

And Why This Is One Of The Best Crypto Presales To Consider Ahead Of The Next Bitcoin Halving.

A promising alternative to PEPE

BTCMTX is a powerful token for Bitcoin Minetrix, a stake-to-mining project occupying the meme coin space. The project has made BTC ownership easy and viable for ordinary people by decentralizing and tokenizing the process.

#Bitcoin Metrics We implement a tokenized cloud mining system to allow general users to participate in distributed mining. $BTC Mining.⛏️
The platform provides full operational autonomy by mitigating third-party cloud mining risks. 🔐 pic.twitter.com/4jekB8X6lr
— Bitcoin Minetrix (@bitcoinminetrix) December 16, 2023

The project uses a unique stake-mining approach to simplify BTC mining and thus Bitcoin ownership. BTCMTX token holders can stake their holdings for credits and then redeem or burn these credits for mining hash power.

leveling $BTC Mining via #Bitcoin Metrics.
Transforming cloud mining with a focus on safety and openness.
It guarantees convenience like never before. 🔐🚀 #BTCMTX #BTCMining pic.twitter.com/39lv7rYffz
— Bitcoin Minetrix (@bitcoinminetrix) December 14, 2023

The Bitcoin Minetrix project is in the pre-sale phase and has so far recorded a whopping $5.367 million in pre-sale revenue out of its $6.079 million target. At this stage, investors can purchase BTCMTX for just $0.0122, but the price will rise in about 13 hours.

Visit the Bitcoin Minetrix website to purchase BTCMTX in the pre-sale here.