Pepe coin price is hot once again as the altcoins extend their gains. The popular memecoin has surged 12.5% this week and appears to have more upside. My price target for the coin remains unchanged from my previous forecast as PEPE crypto is still trading within the same price range.
On Thursday, cryptocurrencies had one of the biggest fundamentals in their history as the XRP was declared to be not security by the US court. The news sent a wave of bullish sentiment across the market, and altcoin soared. Pepe coin also rose by 9.5% yesterday and extended its gains by another 6% today.
Ripple’s victory against the Securities and Exchange Commission (SEC) of the US after a 3-year-long court battle is a breath of fresh air for the crypto industry. The industry was facing strong headwinds from the top regulator’s recent crackdown against Binance and Coinbase. However, the latest court decision means that most altcoins are not securities.
Pepe coin price was already gaining strength before the Ripple news, and the revelation triggered a strong pump. Nevertheless, it is too soon to become overly bullish on the altcoins as the BTC dominance remains above 50% despite a massive pullback on Thursday.
It is visible on the following PEPE crypto chart that the price is still trading within the range that I mentioned in my previous forecasts. If the price breaks above the $0.00000188 level, then I expect a retest of the $0.00000217 resistance very soon. This will be more than 22% pump from the current price.
PEPE coin price prediction will flip bullish once again if it closes a day above the $0.00000217 level. This can potentially send the price to its new all-time high. However, it is too soon to mention that the coin is still trading below the key resistance level.
I’ll keep posting my updated PEPE price analysis and upcoming 1000x gems on my Twitter, where you are welcome to follow me.
This post was last modified on Jul 14, 2023, 13:54 BST 13:54