DEV Community

Sergi Mamedov
Sergi Mamedov

Posted on

πŸ“ˆ $PEPE Price Prediction – Can Memecoin Avoid a 60% Retracement? πŸš€πŸ’₯

πŸ“Š Bulls Defend Critical Level
PEPE bulls successfully held the $0.0001711 support, with On-Balance Volume (OBV) showing selling pressure hasn’t been overwhelming. Despite recent losses, OBV remains above May’s highs, suggesting a potential recovery instead of further decline.

πŸ‹ Whale Accumulation Sparks Optimism
Recent data from Lookonchain reveals a whale who sold during the market drop has begun accumulating PEPE again. This signals growing confidence in a bullish recovery and highlights faith in PEPE's upside potential.

⚠️ Will History Repeat Itself?
On the 3-day chart, PEPE’s structure still leans bearish after closing below $0.00001705. However, a bounce toward the $0.00002-$0.0000225 range remains possible as a fair value gap could be filled in the short term.

πŸ“‰ Deeper Retracement Unlikely
While PEPE previously retraced 78.6% after its rally in May, current market conditions differ. Bitcoin recently tested $100K and hit a new high at $108K, suggesting broader market strength, reducing the chance of a drop to $0.00001067.

πŸš€ Potential Targets Ahead
If momentum holds, PEPE could target $0.0000144 in the short term, followed by a period of lower highs and consolidation. A breakout could then propel prices toward $0.000042 and beyond, driven by renewed bullish sentiment.

Image description

Image of Timescale

πŸš€ pgai Vectorizer: SQLAlchemy and LiteLLM Make Vector Search Simple

We built pgai Vectorizer to simplify embedding management for AI applicationsβ€”without needing a separate database or complex infrastructure. Since launch, developers have created over 3,000 vectorizers on Timescale Cloud, with many more self-hosted.

Read more

Top comments (0)

Billboard image

The Next Generation Developer Platform

Coherence is the first Platform-as-a-Service you can control. Unlike "black-box" platforms that are opinionated about the infra you can deploy, Coherence is powered by CNC, the open-source IaC framework, which offers limitless customization.

Learn more

πŸ‘‹ Kindness is contagious

Please leave a ❀️ or a friendly comment on this post if you found it helpful!

Okay