Pepe Price Prediction as Meme Coins Crash – Is PEPE Falling to Zero?

Content Writer

Harvey Hunter

Content Writer

Harvey Hunter

Part of the Team Since

Apr 2024

About Author

Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Has Also Written

• Dogecoin Price Prediction: Is a DOGE Price Explosion Coming as Whales Accumulate 138M Coins Overnight
• Pump.fun Price Prediction: Can the PUMP Price Survive the 20% Weekly Crash, Or Is Another Dump Coming?
• Shiba Inu Price Prediction: Should Traders Expect a SHIB Price Explosion as Coinbase Announces US Derivatives Access
• Dogecoin Price Prediction: Bounce Incoming? Strong Demand at $0.13 Could Trigger a Surprise Year-End Rally
• Solana Price Prediction: Most Traders Are Betting on a Big Crash – But One Move to $147 Could Change Everything

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

June 18, 2024

Today, the PEPE price has significantly retraced amidst a wider market crash, with major meme coins dropping 10-15%. Investors may want to hold off as indicators show further downside ahead.The PEPE price has decreased 10.14% over the past 24 hours, bringing it down to $0.00001 amid a major market crash.In a pullback, PEPE has posted a weekly loss of 15.49%, following the trend of major cryptos like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), which have also retraced.Despite this, PEPE is up 10.96% this month, maintaining its impressive annual return of 1,002.53%, far surpassing that of other leading cryptocurrencies.Notably, the meme coin’s 24-hour trading volume has surged 52.48% to $1.04 billion. This suggests a massive movement among traders, possibly in response to the significant retracement.

PEPE Price Plummets Below Support Level – What’s Going On?

The PEPE price seems to be on a downtrend after plummeting in the early hours of the morning.Notably, PEPE plummeted decisively below the $0.00001049 support level (orange) within hours of a successful recovery. The support failed to hold, indicating increased selling pressure and a possible continuation of the downward trend.Other indicators support this, such as PEPE’s relative strength index (RSI) (purple) which has fallen from 55 to 30 in the past 24 hours. This suggests increased selling pressure, hinting towards further downside.Most significantly, the meme coin’s 30-day moving average (yellow) is trending downward, positioned below the 200-day moving average (blue), which is also declining. This suggests persistent downward momentum in both the short and long-term.Hence, eager investors should consider postponing PEPE due to a strong possibility of further retracements in the near future.Despite this, it is unlikely that PEPE will see any truly fatal declines in the near term. Its recent price action is in line with the overall negative market sentiment, following the US Federal Reserve’s hawkish stance on inflation.

Low-Cap Meme Coin Offering Higher Gains Potential

With PEPE already boasting a substantial market cap of $4.39 billion, it is in question whether truly substantial gains are possible going forward.Amidst the prevailing bearish sentiment in the market, it appears that many dominant meme coins are set to underperform in the near term. Therefore, traders may find a strategic advantage in exploring promising presales.These newer, low-cap meme coins are poised for explosive growth. These coins offer quicker and more substantial gains than their established predecessors, and one is a standout.Enter Sealana, the latest Solana meme coin capturing the attention of meme fans, degens, and crypto enthusiasts, with some speculating it has 100x potential.

What better way to show your love of Lambos, Massive Gains & Freedom than getting a #USA tattoo to show for it! 🇺🇸 #Sealana knows what’s best for American made #Memecoins and has a plan to make them great again! 🦭

Send $SOL 💸 and let him be an example for all #Degens!💪 #MAGA pic.twitter.com/B4aBZ2wEbI

— Sealana (@Sealana_Token) June 14, 2024

Sealana is at the forefront of a new wave of meme coins that are helping the Solana network challenge Ethereum’s dominance as the go-to blockchain for viral meme coins.

This comes off the back of wildly successful predecessors DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and Popcat ($POPCAT), all of which quickly rose to become top ten meme coins by market capitalization.

Sealana has already raised over $5 million in its presale phase so far, signaling strong interest from investors and whales.

It is currently available at $0.022 per token, marking its final fixed price before the coin debuts on exchanges.

Once it does, there’s a very real chance that the price may never be this low again. As the presale enters its final 7 days, the window to take action is closing rapidly.

For the latest developments in Sealana, follow their X account.

Buy Sealana Here