Pepe Coin (PEPE) is crowning its price rally with new exchange listings. Despite all the correction expectations, its price continues to rise without slowing down. Technical price predictions suggest that PEPE could make additional runs as the most profitable altcoin in 2023.
PEPE makes headlines straight from stock market listings
PEPE started making headlines after it was first listed on popular exchanges such as OKX, Huobi, Gate.io, and MEXC. In the latest development, it has secured BitMEX listing on May 3.
Price-wise, it has yielded over 2000% since its launch just weeks ago (April 15). Also, it has now become a member of the top 100 cryptos by market cap.
Price expectations of experts as PEPE rally continues
Pepe (PEPE) price is trading with an uptrend consolidated in an ascending triangle chart pattern. This pattern appears in the middle trend. It indicates a possible continuation of the overall uptrend.
An increase in buying pressure will indicate that Pepe price has risen 20% to reach $0.00000138. A break above this level paves the way for more gains. On the other hand, the RSI at 60 supports this bullish outlook, foreseeing more room for the upside before PEPE is considered overbought.
Conversely, a break below the uptrend line could see traders posting losses. FXStreet analyst Lockridge Okoth warns of a drop to $0.000000886 on the reverse of the 20% rise.
2023 price predictions
According to the 2023 price forecast for PEPE, its price could fluctuate in a wide range ranging from $0.00000071 to $0.000000420. It should also be noted that this is unusual for traders looking for a $1 price target. If you’re investing in Pepe with the idea that he’ll be worth $1 in the future, it’s going to need a market cap of $430 trillion.
There is a large community waiting for higher levels
There’s no denying that the project is still in the early stages of the meme token craze cycle. Meanwhile, there is a large group on Twitter that believes the token could get a great run in the short to medium term. This is expected to become evident in the next cryptocurrency bull market.
An important development that supports this is that the price continues to rally despite the corrections. The Pepe team shared that yesterday, the price experienced a major correction for the first time. Then, in the early hours of May 4, it started to rise again.
Also, Pepe Coin is getting support from many traders. @RookieXBT on Twitter recently wrote at this point that the rally will continue. The crypto analyst says that the momentum of the meme coin will also support Bitcoin.
Finally, Pepe Coin will have a chance to repeat its gains so far if it is listed on Binance. Binance has released an official PEPE buying guide, which the crypto Twitter community interprets as indicating that Pepe could be listed on the exchange soon.
cryptocoin.com As we have reported, Binance CEO has already given the green light on the Pepe Coin list.
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