The weekend behind was mostly calm in the crypto space, and meme coins experienced slow price action. However, the PEPE price broke new all-time highs last week before cooling slightly below the $0.00001 area.
Let’s find out what prominent crypto analysts say about the PEPE price prediction.
PEPE Coin Price Prediction
XForceGlobal, an analyst with a significant following of almost 20k on X, provided his analysis on the PEPE price forecast. He mentioned that he has exited his position in PEPE, although he sees potential for a bit more upside. According to his analysis, PEPE has seen a 197% move from the wave 4/B bottom, and he believes a pullback may be necessary for the bull market to continue.
The analyst outlined two possible scenarios for the PEPE price movement. In the first scenario, he suggests that wave 5 is now complete, and PEPE could experience a significant 50-80% correction for wave 2, considering the 1,600% move over the past year. He believes that the bottom of this eventual wave 2 correction would be extremely bullish if the meme coin ecosystem remains strong.
$PEPEPrimary Macro Analysis
I’m finally out of my position for $PEPE, even if we look for some potential more upside. We made a 197% move from that wave 4/B bottom potential at the .618. Overall, we need to be rational here and look for some sort of retreat if we… https://t.co/T5EYEzfmFW pic.twitter.com/4WcLqxv9rr
— XForceGlobal (@XForceGlobal) May 19,
In the second scenario, he suggests the idea that wave 4 is still ongoing, and that the PEPE chart might be forming a rarer wave 4 variation or a deeper wave C that would breach the previous wave A. Regardless of the scenario, the analyst’s analysis indicates that a pullback is expected for PEPE, although the extent and duration of the correction may vary.
Additionally, the popular YouTube channel 99Bitcoins, with around 700,000 subscribers, posted their PEPE price forecast today. According to their technical analysis, the one-week chart shows a downtrend after breaking all-time highs, while the one-month chart shows significant gains with overall bullish indicators.
The moving averages indicate a buy signal, and the overall technical indicators and moving averages indicate that PEPE is still in a bullish phase.
As for the long-term outlook, PEPE has experienced impressive gains over the past year (almost 500%), six months (700%), month (78%) and week (7%). The current correction is seen as necessary for future price increases, and PEPE is expected to rise with the upcoming bull market, especially as Bitcoin increases in value.
The analysts mentioned that the PEPE price may continue to experience some short-term selling before it bounces back, possibly reaching new highs and potentially eating “another zero” into its price.
Best Meme Coins to Buy Now – Next Meme Coin to Watch
99Bitcoins highlighted WienerAI as a potential next meme coin to watch and the best meme coin to invest in right now. WienerAI is a meme coin that combines AI trading bot technology with a humorous exterior.
It is currently in pre-sale, having already raised $2.3 million. WienerAI offers features such as advanced predictive AI trading technology for traders, a seamless token exchange platform called Sausage Exchange with zero fees, and high stake rewards (417% APY at press time, which is expected to decrease as more tokens are put into play).
The project has a growing community with more than 9,000 followers on X (formerly Twitter), and its presale success, which has raised more than $2 million, indicates decent investor interest. Articles on various crypto media outlets and market sentiment point to a bullish sentiment for WienerAI. The AI trading bot technology potentially sets $WAI apart from other meme coins, adding advanced features for traders.
Another meme coin to watch is Sealana, inspired by the viral South Park character “Gamer Guy” or “Fat Computer Nerd,” which depicts an overweight seal obsessed with trading and the next big Solana- find meme coin. Sealana raised about $2 million in its presale, looking to follow the success of Slothana, another Solana-based meme coin that raised more than $15 million in presale and then achieved a market cap of more than $100 million after its introduction.
Closure
As the PEPE price continues to be an interesting topic in the meme coin ecosystem, analysts predict a possible pullback before further upward moves. While short-term corrections are expected, the overall sentiment remains bullish, with PEPE poised to take advantage of the upcoming crypto bull market.
Meanwhile, projects like WienerAI and Sealana are emerging as potential next meme coins to watch, offering features and doing well in their respective presales.
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Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
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