{"id":650219,"date":"2024-10-28T19:30:29","date_gmt":"2024-10-28T19:30:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=650219"},"modified":"2024-10-28T10:01:58","modified_gmt":"2024-10-28T10:01:58","slug":"pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/","title":{"rendered":"Pepe Battles Price Decline, But Analysts Signal A Potential Rally Ahead"},"content":{"rendered":"<p>Pepe [PEPE] is currently trading at approximately $0.000000900 and is undergoing a challenging period. The Relative Strength Index (RSI) is currently at 43.80, which is just below the neutral line. This implies that sellers currently possess a minor advantage.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/microstrategy-stock-hits-all-time-high-as-bitcoin-blazes-past-67000\/\" target=\"_blank\" rel=\"noopener \">MicroStrategy Stock Hits All-Time High As Bitcoin Blazes Past $67,000<\/a><\/div>\n<h2><strong>Memecoin Price On The Downtrend<\/strong><\/h2>\n<p>Some investors are apprehensive due to the downward trend of the price. Although PEPE has experienced significant price increases in the past, recent metrics suggest that momentum is diminishing.<\/p>\n<p>It is interesting that the number of holders is consistently increasing, despite the obstacles. This expanding base, which is now approaching 296,000, indicates that a devoted community continues to support the token.<\/p>\n<p>Even if participation has dropped, it is clear that many investors are still committed to the popular meme coin and have future hope. The declining trade activity has raised some questions, though.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/oCXDT9Vq\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">PEPE market cap currently at $3.7 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2><strong>Active Addresses On The Retreat<\/strong><\/h2>\n<p>Active addresses that the PEPE network has seen have dropped significantly, <a href=\"https:\/\/app.santiment.net\/charts?settings=%7B%22slug%22%3A%22pepe%22%2C%22ticker%22%3A%22PEPE%22%2C%22from%22%3A%222024-04-23T00%3A00%3A00.000Z%22%2C%22to%22%3A%222024-10-27T23%3A59%3A59.888Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%5D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22active_addresses_7d%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23FF5B5B%22%5D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22holders_distribution_total%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23FF5B5B%22%5D%7D%5D\" target=\"_blank\" rel=\"noopener nofollow\">data from Santiment shows<\/a>; today they count roughly 13.5k. From peak levels recorded earlier this year, this translates to a decline.<\/p>\n<p>Lower active numbers of users would typically denote reduced trading volumes and hence decreased liquidity levels. Perhaps, this might indicate that euphoria regarding the memecoin market in the earlier stages is fading away slowly.<\/p>\n<figure id=\"attachment_650225\" aria-describedby=\"caption-attachment-650225\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-650225 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_79be07.png?resize=1024%2C218\" alt=\"\" width=\"1024\" height=\"218\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_79be07.png?w=1736 1736w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_79be07.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_79be07.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_79be07.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_79be07.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_79be07.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_79be07.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-650225\" class=\"wp-caption-text\">PEPE active addresses down. Source: <a href=\"https:\/\/app.santiment.net\/charts?settings=%7B%22slug%22%3A%22pepe%22%2C%22ticker%22%3A%22PEPE%22%2C%22from%22%3A%222024-04-23T00%3A00%3A00.000Z%22%2C%22to%22%3A%222024-10-27T23%3A59%3A59.888Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%5D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22active_addresses_7d%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23FF5B5B%22%5D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22holders_distribution_total%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23FF5B5B%22%5D%7D%5D\" target=\"_blank\" rel=\"noopener nofollow\">Santiment<\/a><\/figcaption><\/figure>\n<p>The niche seekers probably are on a lookout for something new within such a developing memecoin territory. If the same continues then PEPE could struggle to regain its vibrancy.<\/p>\n<p>The more cautious sentiment among traders is evident in the subdued price action. Perhaps as a result of the general market&#8217;s uncertainty, certain investors appear to be waiting on the periphery. If the price remains under pressure, it is possible that the coin will experience additional declines before it establishes a strong foundation.<\/p>\n<figure id=\"attachment_650242\" aria-describedby=\"caption-attachment-650242\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-650242 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_e6b6bc.png?resize=1024%2C213\" alt=\"\" width=\"1024\" height=\"213\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_e6b6bc.png?w=1725 1725w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_e6b6bc.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_e6b6bc.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_e6b6bc.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_e6b6bc.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_e6b6bc.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_e6b6bc.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-650242\" class=\"wp-caption-text\">PEPE total number of holders. Source:<a href=\"https:\/\/app.santiment.net\/charts?settings=%7B%22slug%22%3A%22pepe%22%2C%22ticker%22%3A%22PEPE%22%2C%22from%22%3A%222024-04-23T00%3A00%3A00.000Z%22%2C%22to%22%3A%222024-10-27T23%3A59%3A59.888Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%5D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22active_addresses_7d%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23FF5B5B%22%5D%7D%2C%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22holders_distribution_total%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23FF5B5B%22%5D%7D%5D\" target=\"_blank\" rel=\"noopener nofollow\"> Santiment<\/a><\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<h3><strong>Glimmer Of Hope For PEPE<\/strong><\/h3>\n<p>Despite the challenges in engagement and the weakness in price, there are rays of hope for PEPE. In the coming three months, analysts expect more than a 200% increase which is a positive indicator of upside potential.<\/p>\n<figure id=\"attachment_650244\" aria-describedby=\"caption-attachment-650244\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-650244 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_8a431b.png?resize=1024%2C287\" alt=\"\" width=\"1024\" height=\"287\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_8a431b.png?w=1215 1215w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_8a431b.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_8a431b.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_8a431b.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_8a431b.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_8a431b.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-650244\" class=\"wp-caption-text\">PEPE price seen goin up in the coming weeks. Source: <a href=\"https:\/\/coincheckup.com\/coins\/pepe-token\/predictions\" target=\"_blank\" rel=\"noopener nofollow\">CoinCheckup<\/a><\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/floki-inu-warning-analyst-says-prepare-for-the-crash-details\/\" target=\"_blank\" rel=\"noopener \">Floki Inu Warning: Analyst Says \u2018Prepare For The Crash\u2019 \u2013 Details<\/a><\/div>\n<p>CoinCheckup forecasts that in the next month PEPE could be trading <a href=\"https:\/\/coincheckup.com\/coins\/pepe-token\/predictions\" target=\"_blank\" rel=\"noopener nofollow\">220% lower<\/a> than its current price. This can be an appropriate time to invest in the asset. The experts are of the opinion that the upcoming months will accrue the investor a total of 165% profits.<\/p>\n<p>Nonetheless, in the face of these difficulties, the future developments seem promising and PEPE will soar to $0.00044 by 2026, which may cause renewed interest in the sector as a whole.<\/p>\n<p><em>Featured image from Vanity Fair, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pepe [PEPE] is currently trading at approximately $0.000000900 and is undergoing a challenging period. The Relative Strength Index (RSI) is currently at 43.80, which is just below the neutral line. This implies that sellers currently possess a minor advantage. Related Reading: MicroStrategy Stock Hits All-Time High As Bitcoin Blazes Past $67,000 Memecoin Price On The Downtrend Some investors are apprehensive due to the downward trend of the price. Although PEPE has experienced significant price increases in the past, recent metrics suggest that momentum is diminishing. It is interesting that the number of holders is consistently increasing, despite the obstacles. This expanding base, which is now approaching 296,000, indicates that a devoted community continues to support the token. Even if participation has dropped, it is clear that many investors are still committed to the popular meme coin and have future hope. The declining trade activity has raised some questions, though. Active Addresses On The Retreat Active addresses that the PEPE network has seen have dropped significantly, data from Santiment shows; today they count roughly 13.5k. From peak levels recorded earlier this year, this translates to a decline. Lower active numbers of users would typically denote reduced trading volumes and hence decreased liquidity levels. Perhaps, this might indicate that euphoria regarding the memecoin market in the earlier stages is fading away slowly. The niche seekers probably are on a lookout for something new within such a developing memecoin territory. If the same continues then PEPE could struggle to regain its vibrancy. The more cautious sentiment among traders is evident in the subdued price action. Perhaps as a result of the general market&#8217;s uncertainty, certain investors appear to be waiting on the periphery. If the price remains under pressure, it is possible that the coin will experience additional declines before it establishes a strong foundation. &nbsp; Glimmer Of Hope For PEPE Despite the challenges in engagement and the weakness in price, there are rays of hope for PEPE. In the coming three months, analysts expect more than a 200% increase which is a positive indicator of upside potential. Related Reading: Floki Inu Warning: Analyst Says \u2018Prepare For The Crash\u2019 \u2013 Details CoinCheckup forecasts that in the next month PEPE could be trading 220% lower than its current price. This can be an appropriate time to invest in the asset. The experts are of the opinion that the upcoming months will accrue the investor a total of 165% profits. Nonetheless, in the face of these difficulties, the future developments seem promising and PEPE will soar to $0.00044 by 2026, which may cause renewed interest in the sector as a whole. Featured image from Vanity Fair, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":650257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,6664,85699,88145],"class_list":["post-650219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-crypto","tag-memecoin","tag-pepe"],"acf":[],"yoast_head":"\n<title>Pepe Battles Price Decline, But Analysts See Potential Rally Ahead<\/title>\n<meta name=\"description\" content=\"Pepe is currently trading at approximately $0.000000900 and is undergoing a challenging period. 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The Relative Strength Index (RSI) is currently at 43.80,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-28T19:30:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-28T10:01:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_14c168.jpg?fit=2000%2C1117\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1117\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Pepe Battles Price Decline, But Analysts Signal A Potential Rally Ahead\",\"datePublished\":\"2024-10-28T19:30:29+00:00\",\"dateModified\":\"2024-10-28T10:01:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/\"},\"wordCount\":505,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_14c168.jpg?fit=2000%2C1117\",\"keywords\":[\"altcoins\",\"bitcoin\",\"crypto\",\"memecoin\",\"PEPE\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/\",\"url\":\"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/\",\"name\":\"Pepe Battles Price Decline, But Analysts See Potential Rally Ahead\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/pepe-battles-price-decline-but-analysts-signal-a-potential-rally-ahead\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/a_14c168.jpg?fit=2000%2C1117\",\"datePublished\":\"2024-10-28T19:30:29+00:00\",\"dateModified\":\"2024-10-28T10:01:58+00:00\",\"description\":\"Pepe is currently trading at approximately $0.000000900 and is undergoing a challenging period. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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