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Simon Chandler
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The Pepe Coin price has dropped by 2% in the past 24 hours, with its fall to $0.000004118 coming after a weekend when the crypto market’s total cap fell to $2.66 trillion.
This amounts to an 11% drop in a matter of days, while PEPE’s current price means that it has declined by 14% in a week and by 31% in a month, while the meme token – currently the 57th-biggest coin in the market – has also suffered a 66% fall in the past year.
These are hugely disappointing drops, but indicators are increasingly suggesting that PEPE is close to bottoming out, and that it could rebound strongly soon.
This is evident with its MVRV long-short difference indicator, which is about to turn positive after several months in negative territory, as long-term holders begin to dominate its market once again.
A level above 0 indicates that long-term holders predominate in terms of profits, while it also implies a shakeout from which the PEPE price could regain strongly once again.
When combined with the meme token’s enduring popularity and its other oversold indicators, the PEPE price prediction is starting to look very strong again.
Pepe Coin Price Prediction: Price Looks Dead, But Smart Holders Are Taking Control Behind the Scenes
As we can see from the PEPE price chart below, the coin has hit what looks like a real bottom, with its indicators having fallen more or less as low as they can go.
Its relative strength index (yellow) has dropped to 30 in the past few hours, and PEPE has begun to show signs of bouncing back up already, having gained by 1% in the past hour.
Its MACD (red, green) is also at a low point, while we can see from its actual price action that it’s testing its long-term support of $0.0000040.
There’s a very good chance that it could rebound from this level and make some quick gains, although further falls below this key area could predict a severe decline.
However, as the aforementioned MVRV long-short difference indicator suggests, the balance is shifting back to long-term holders and accumulators, so eventually the only direction will be up.
We could therefore see the PEPE price return to $0.00000450 within the next week, while its target for the end of Q1 is $0.0000070.
Longer term, we could see it reach $0.000010 by H2 and then end the year at $0.000020.
SUBBD Preps Game-Changing Platform Launch As It Raises Over $1.4 Million in Presale
If some traders want to steer clear of PEPE at this moment in time, there are other alternatives to consider for the purposes of diversification, including several promising presale tokens.
One of these is SUBBD ($SUBBD), an Ethereum-based token that has now raised over $1.47 million in its ongoing sale.
What distinguishes SUBBD from the crowd is that it’s an AI-powered content creation platform for adult creators, one which offers a variety of AI tools to aid the creation process.
Its tools can help with the generation of ideas, images and videos, while they can also create AI agents from the ground up, making users more productive than ever before.
It already has over 38,000 followers on X, testifying to its future potential.
Investors can join its sale by going to the SUBBD website, where it currently costs $0.0574875.
Visit the Official SUBBD Website Here
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