Pepe Price Soars 15% In A Week, But Investors Flock To This Dog-Themed Meme Coin Rival For Parabolic Gains

The Pepe price jumped 15% in the past seven days and 2% in 24 hours to trade for $0.00001630 as of 01:16 a.m. EST.

PEPE is also among the hot trending coins on CoinMarketCap, ascribed to interest in the Ethereum blockchain-based token after the recent landmark approval of spot ETH ETFs (exchange-traded funds).

PEPE trending

Amid ongoing hype after the ETH ETF approvals, PEPE open interest is up by nearly $34 million in less than a week. This is from $146.12 million on May 23 when ETH spot ETFs were approved, to the May 29 reading of $180.09.

PEPE OI

PEPE Open Interest

A rise in open interest is seen as a bullish sign when accompanied by an increase in the price of the concerned asset. It suggests that market participants are actively taking positions and anticipating further price movement in an upward direction.

Trader and analysts Crypto Rover anticipates an up to 6X surge in the market capitalization of PEPE.

Pepe Price Prediction

The Pepe price is trading with a bullish bias after breaking out of the confines of the ascending parallel channel. However, after a series of higher highs on the one-day timeframe for the PEPE/USD trading pair, the altcoin may be due for a correction before the next leg up.

To begin with, the Pepe price has tested the upper band of the Bollinger indicator and is facing a rejection. This often indicates that the asset is overbought, a supposition that is reinforced by the Relative Strength Index (RSI) position above the threshold of 70.

Traders should not be surprised if the Pepe price pulls back, with the Fibonacci retracement indicator suggesting a retest of $0.00001416, the 23.6% Fibonacci level.

The nodes of the volume profile have also shrunk, suggesting easing bullish sentiment in the PEPE market. Below the $0.00001416 level, the Pepe price could roll over to the 38.2% Fibonacci retracement level of $0.00001224.

In a dire case, the load-shedding exercise could send the Pepe price to the 50% Fibonacci placeholder of $0.00001069. A break and close below this level would invalidate the prevailing bullish outlook.

Pepe price

GeckoTerminal: PEPE/USD 1-day chart

On the other hand, if the trendline of the Fibonacci indicator holds as a support floor, the Pepe price could extend the climb, potentially creating a new peak above the $0.00001726 range high.

The Moving Average Convergence Divergence (MACD) is also above the orange band of the signal band, showing abounding bullish sentiment.

Meanwhile, investors are flocking to WAI, a dog-themed meme coin rival. According to YouTuber Crypto Wire, the meme coin has the potential for 100X gains.

Promising Alternative To Pepe

WAI is the native cryptocurrency for the WienerAI project. It is an interesting and undeniably unique creation that is progressively capturing the imagination of meme enthusiasts worldwide.

The project is committed to becoming the best and most powerful AI companion ever and has recently added a powerful AI trading bot that allows holders to scour the crypto market for hidden investment gems.

You can ask WienerAI to find your next trade and it delivers the market Analysis to help you win more often. Then you can seamlessly swap, MEV-free, through decentralized exchanges.

WienerAI operates as an ERC-20 token on the Ethereum blockchain, offering users seamless compatibility with a wide range of decentralized applications and exchanges.

Buy WienerAI In The Presale

WienerAI’s presale has already been a big success, with funds raised racing past $3.3 million.

WAI token holders can stake their holdings for an annual staking yield of 309%. Over 3.3 billion WAI tokens are already staked.

The token is currently selling for $0.000712. If you are attracted to the project, buy before a price hike in less than three days.

Visit and buy WienerAI here.

Also Read:

  • How to Buy WienerAI – $WAI Presale Review
  • WienerAI Price Prediction – $WAI Price Potential in 2024 and Beyond
  • Best AI Crypto Coin Projects: Top Picks for 2023
  • New AI Meme Coin Presale WienerAI Unveils Trading Bot AI Companion, Laps Up $700K

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