With Bitcoin stabilizing at $96K, the meme coins rally has also adjusted to the current market momentum, slowing their momentum up a notch. With the recent price fallbacks, Pepe seems to be maintaining its stance well amid the lot, gearing up to hit a new price high next month. Will it be able to claim a new ATH in December 2024? Let’s find out.
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Pepe November Highlights: What Happened And What May Happen?
The mid-November was incredibly lucrative for Pepe as the token gained incredible momentum with BTC hitting the $99K mark. Pepe netted the maximum amount of profits during the time, with its price raking in nearly 97% of profits.
“Meme coins have undoubtedly netted the best returns over the past week for traders, with DOGE (+96%), PEPE (+97%), WIF (+67%), and BONK (+67%) leading the way. Historically high speculative asset social dominance typically indicates greed and emotional trading. Be cautious while memes are the main cryptocurrency topic of interest across X, Reddit, Telegram, 4Chan, and BitcoinTalk.”
Per Santiment, memecoins like Pepe and WIF dominated the market heavily in November, retracting its pace as BTC stabilizes at $96K.
“The top trending tokens in crypto are being dominated by meme coins as speculative assets dominate this historic bull rally. The top 6 notable assets seeing significantly higher discussion rates across social media are PNUT, PEPE, DOGE, MEME, NUX, and COIN. Bitcoin sits at #7.”
Earlier this month, leading cryptocurrency exchange Robinhood also listed Pepe on its exchange, which helped the token score new fresh highs.
Per Crypto Jack, a noteworthy crypto analyst, the price of Pepe recently broke a single wedge pattern and is now heading towards claiming the $0.00003800 mark.
“The price of PEPE broke out of a descending wedge, reclaiming $0.000021 support. Resistance at $0.00002576 is key. Watch for a breakout to target $0.00003800. @MarketSpotter Signal Sniper caught the long entry perfectly! 🐸”
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The Token’s Price Forecast For Next Month
As per CoinCodex, Pepe may break out eventually to sit at a new price mark of $0.00006594 by the end of next month.
“According to our current Coin price prediction, the price of Pepe Coin is predicted to rise by 229.53% and reach $0.00006594 by December 29, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 77 (extreme greed). Pepe Coin recorded 13/30 (43%) green days with 34.01% price volatility over the last 30 days. Based on the Pepe Coin forecast, it’s now a good time to buy Pepe Coin.”
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