{"id":354391,"date":"2023-10-28T16:00:54","date_gmt":"2023-10-28T10:30:54","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=354391"},"modified":"2023-10-28T13:21:27","modified_gmt":"2023-10-28T07:51:27","slug":"meme-mania-returns-as-pepe-jumps-by-80-but-there-are-concerns","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/meme-mania-returns-as-pepe-jumps-by-80-but-there-are-concerns\/","title":{"rendered":"Meme mania returns as PEPE jumps by 80%, but there are concerns"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">In the last week, PEPE\u2019s value has increased by over 80%.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Analysts believe that it marks the beginning of an impending general pullback in the market.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Pepe [PEPE] and Floki [FLOKI] meme coins have led the rally in the cryptocurrency market over the past week, both climbing by over 80%, data from <\/span><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\"> showed.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the\u00a0<a href=\"http:\/\/ambcrypto.com\/calculator\/pepe-profit-calculator\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Pepe Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">However, in a recent post on X (formerly Twitter), crypto analyst Ran Neuner warned that this could be a sign of an upcoming pullback in the general market.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If you want to know when a pull back is coming, just watch <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a>. It\u2019s literally an index for when the market is getting overheated. When people are confident enough to go there and it pumps, that\u2019s your sign to exit. Works every time. <a href=\"https:\/\/t.co\/vMcqiddHwp\">pic.twitter.com\/vMcqiddHwp<\/a><\/p>\n<p>&mdash; Ran Neuner (@cryptomanran) <a href=\"https:\/\/twitter.com\/cryptomanran\/status\/1717577476476375299?ref_src=twsrc%5Etfw\">October 26, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Neuner&#8217;s warning was based on the historical observation that PEPE has often surged ahead of major market pullbacks. For example, in September 2023, Pepe rallied by over 1,000% between 22 and 30 September.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> During the same period, BTC\u2019s value crashed by almost 5%.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a> pump is another indicator of upcoming <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> dump. <\/p>\n<p>I am speaking with experience, you can check past price movements. <\/p>\n<p>Pumping coins like <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PEPE<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24IMX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$IMX<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a> always indicates the bloodbath, let&#39;s see how it goes this time. <a href=\"https:\/\/t.co\/piseCxRiqD\">pic.twitter.com\/piseCxRiqD<\/a><\/p>\n<p>&mdash; Alex RT\u20bf (@rutradebtc) <a href=\"https:\/\/twitter.com\/rutradebtc\/status\/1705285740156862913?ref_src=twsrc%5Etfw\">September 22, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h4><b>PEPE market is overheated<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">At press time, the popular meme coin exchanged hands at $0.000001215. The token\u2019s key indicators observed on a daily chart hinted at a strong possibility of a price reversal in a few days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of the writing, PEPE\u2019s price was stationed above the upper band of its Bollinger Bands indicator. This indicator is used to identify overbought and oversold conditions in a market, as well as potential trend reversals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Typically, when an asset\u2019s price climbs above the upper band of this metric, it suggests that the asset is overbought. It means that the price has rallied significantly above its average, and traders often interpret such movement as a potential reversal signal; hence they begin to dump in anticipation.\u00a0<\/span><\/p>\n<h4><strong>Indicators agree\u00a0<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Momentum indicators were also pegged at overbought highs at the time of writing. PEPE\u2019s Relative Strength Index (RS) and Money Flow Index (MFI) were 71.57 and 84.32, respectively.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These levels are typically marked by buyers\u2019 exhaustion, where accumulation slows, and distribution grows as traders begin profit-taking.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Further, meme coins are notorious for their severe price fluctuations over little periods of time. An assessment of a few volatility markers on the PEPE\u2019s daily chart revealed that its price was prone to volatility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, the token\u2019s Chaikin Volatility indicator has trended upward since 22 October, when its price commenced the rally.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This indicator measures the difference between an asset\u2019s high and low prices over a specified period. Generally, when the Chaikin Volatility indicator rallies to return higher values, it signals great price movements and potential volatility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This indicator was 223.40 at press time, having climbed by over 1000% in the last seven days.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Realistic or not, here\u2019s\u00a0<a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">PEPE\u2019s market cap in BTC<\/a>\u00a0terms<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">During the same period, the token\u2019s Average True Range (ATR) has risen. This indicator measures market volatility by calculating the average range between high and low prices over a specified number of periods.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At 0.00000011 and in an uptrend at press time, the ATR hinted at the possibility of significant price swings in the coming days.<\/span><\/p>\n<figure id=\"attachment_354388\" aria-describedby=\"caption-attachment-354388\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-28_07-24-01.png\"><img decoding=\"async\" class=\"size-full wp-image-354388\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-28_07-24-01.png\" alt=\"\" width=\"2560\" height=\"1158\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-28_07-24-01.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-28_07-24-01-300x136.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-28_07-24-01-1024x463.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-28_07-24-01-768x347.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-28_07-24-01-1536x695.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/PEPEUSDT_2023-10-28_07-24-01-2048x927.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-354388\" class=\"wp-caption-text\">Source: PEPE\/USDT on TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>In the last week, meme coins PEPE and FLOKI have seen the most rally in price. However, analysts have warned that the sudden growth in the values of meme coins is often followed by a general market correction.<\/p>\n","protected":false},"author":64,"featured_media":354395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,35,5824,66,3,4,5825],"tags":[],"class_list":["post-354391","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-bitcoin-news","category-memecoins","category-new-news","category-news","category-social","category-stablecoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Meme mania returns as PEPE jumps by 80%, but there are concerns - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Pepe [PEPE] and Floki [FLOKI] meme coins have led the rally in the cryptocurrency market over the past week, both climbing by over 80%\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/meme-mania-returns-as-pepe-jumps-by-80-but-there-are-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meme mania returns as PEPE jumps by 80%, but there are concerns - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"In the last week, meme coins PEPE and FLOKI have seen the most rally in price. 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