Pepe Loses Steam with a 15% Dip This Month after a 600% Rally—Time to Buy or Wait? New Rival Pepe Unchained Raises $24M in Presale

After rallying over 600% in the past year, Pepe has lost momentum with a 15% fall this month. Is it too late to buy, or is the next rally around the corner?

Pepe has lost momentum after rallying over 600% in the past year, but analysts expect it to be among the altcoins set for the next bullish wave.

Pepe has seen a 15% decline this month after rallying over 600% since last year—is it too late to buy, or should you wait for the next rally?

After seeing a new all-time low (ATL) following a flash crash earlier this month, Pepe has been rallying once again. However, the meme coin is now losing steam, trading down 15% over the past month.

With Bitcoin inches away from a new all-time high (ATH), how will the presidential election and other events influence Pepe’s price?

Let’s take a look at the latest technical analysis from some of the top crypto analysts out there, to see what they are anticipating for Pepe’s price in the coming weeks.

Analyst Doc expects Bitcoin to enter price discovery, causing Pepe to surge toward $0.000012 in the short term. Following a flash-crash correction, he anticipates the ‘real’ blow-off top will come and catapult Pepe to $0.000018 and beyond.

$PEPE – If I had to guess. pic.twitter.com/gMhgCZJ1Tn

However, Waleed.eth believes Pepe’s initial rally will push a lot higher, eyeing $0.000033 as a potential target. Following this, the analyst predicts a third wave that will propel it to $0.00011, or a $50 billion market cap.

$PEPE pic.twitter.com/2LVUF9GLPT

Meanwhile, Colin Talks Crypto analyzed the Pepe Dogecoin pairing. According to the analyst, Pepe outperforms DOGE when altcoins are doing well. He notes that the chart is approaching a key level, at which point he expects Pepe to begin outpacing DOGE again.

I've been watching this chart ( $PEPE as priced in $DOGE ) for many months, hoping for a breakdown. It finally occurred.

I just did my first trade of 10% of my DOGE for PEPE (white text in the green box).

I'll trade more if it goes even lower.

Logic:In my observation PEPE… pic.twitter.com/BiabWzGiHG

Across the board, there is a clear optimism that Pepe will rally in the coming weeks. Analysts’ price predictions vary widely, but it seems well within reason that PEPE could pump to $0.000012 in November, especially if prices react positively to the election news.

In the longer term, we may see Pepe reach a price between $0.000018 and $0.000033. However, Waleed.eth’s $50 billion target ($0.00011) will only occur in exceptional circumstances and is unlikely to last long.

Lower market cap meme coins may present a more suitable alternative for traders seeking gains of that scale.

One of the top meme coins backed for significant gains is Pepe Unchained, a new Pepe-themed meme coin with its own Ethereum layer 2 blockchain.

The above is the detailed content of Pepe Loses Steam with a 15% Dip This Month after a 600% Rally—Time to Buy or Wait? New Rival Pepe Unchained Raises $24M in Presale. For more information, please follow other related articles on the PHP Chinese website!