The price of PEPE has surged by 2% in the last 24 hours, showing signs of recovery after its TD Sequential indicator suggested a buy signal over the weekend. This indicator, developed by veteran analyst Tom DeMark, predicts trend reversals and has signaled a potential upward movement for PEPE after an extended period of declines.
Currently priced at $0.00001824, PEPE has experienced a 23% drop over the past week and a 29% decrease in two weeks. Despite these short-term losses, long-term forecasts for the meme token remain optimistic. With its trading volume exceeding $2 billion, PEPE appears positioned for a significant rebound following a period of profit-taking.
Indicators Suggest PEPE’s Recovery
Cryptocurrency trader and analyst Ali Martinez recently highlighted on X (formerly Twitter) that PEPE’s daily chart has flashed a buy signal through its TD Sequential. This signal often indicates a bullish reversal after nine successive periods of lower prices. According to Martinez, this could signify the beginning of a growth phase for PEPE, corroborated by other market indicators.
For instance, PEPE’s 30-period moving average (orange) is steadily approaching its 200-period moving average (blue), hinting at an impending breakout. Similarly, the relative strength index (RSI) has moved past 50, suggesting growing bullish momentum.
PEPE’s trading volume, currently at $2.4 billion, reflects strong trader interest. Whale activity has also been notable, with large-scale investors accumulating the token in recent weeks. Analysts believe these trends position PEPE as a potential standout performer for 2025.
Bullish Market Context for PEPE
Experts predict that favorable market conditions, bolstered by anticipated pro-crypto legislation under the new Trump administration, could drive PEPE’s value higher. Projections estimate the token could reach $0.000025 by the end of January 2025 and climb to $0.000035 by Q2 of the same year.
Emerging Meme Tokens Gain Traction
The popularity of meme tokens continues to grow, with several new entrants inspired by PEPE’s success. While many of these tokens pose investment risks, certain projects stand out due to strong presale performance and promising fundamentals.
One such project is Wall Street Pepe (WEPE), an ERC-20 token that has raised an impressive $35.5 million in its presale. Unlike many meme tokens, WEPE aims to offer utility through a platform providing traders with market insights and real-time buying signals. Additionally, WEPE holders will gain access to exclusive trading strategies and participate in community-driven competitions with rewards in WEPE tokens.
Investor Opportunities in WEPE
Wall Street Pepe has already garnered a significant following, with over 27,000 followers on its X account. Investors can acquire WEPE through its official website, where the token is currently priced at $0.0003654. The price will increase as the presale advances, making early investment potentially more lucrative.
Given its strong fundamentals and growing community, WEPE is expected to perform well upon listing next year, offering investors a promising opportunity in the evolving cryptocurrency market
The post PEPE Price Set to Explode? $2.6 Billion Volume and ‘TD Sequential’ Signal Massive Rebound appeared first on Cryptonews.
