With the crypto markets turning inexperienced, the meme coin sector is spearheading the bull run. Amidst the meme cash, the PEPE value pattern stays the highest performer with a bull run with a 126% leap in Could.
With the continuing bull run, is PEPE able to change into the third $10 Billion market cap meme coin? Will the bull run within the PEPE pattern proceed in June for a brand new all-time excessive, or is a pullback imminent? Discover out extra in our PEPE value prediction.
The Greatest Performing Meme Coin
With an enormous uptrend of virtually 1100% YTD development in 2024, the PEPE value pattern stays unstoppable over the previous 5 months. Additional, as per the Fibonacci retracement of the pullback pattern in April, the meme coin value motion breaks above the 1.618 Fibonacci degree.
Presently, the meme coin market worth has been down nearly 10% inside 48 hours, leading to a retest of the 1.618 FIb degree. Additional, the PEPE value trades at $0.000015 with an intraday fall of 4.41%, creating one other bearish engulfing candle.
Technical Indicators:
RSI: The each day RSI line exhibits a sideways pattern within the overbought zone, with a minor dip approaching the boundary line.
EMA: The bullish pattern within the 50D and 200D EMA sustains a optimistic monitor reflecting a powerful uptrend in movement.
Will PEPE Attain $10B Market Cap This Month?
To achieve a market cap of $10 billion, the value of PEPE would want to rise to roughly $0.00002377. This might symbolize a big enhance of 57% from its present value of $0.000015.
Therefore, a post-retest reversal with a increase in demand might simply pump the meme coin to the $0.00002377 mark this June.