🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
Draw Now 👉 https://www.gate.io/activities/creditprize?now_period=10
🌟 How to Earn Growth Points for the Draw?
1️⃣ Enter 'Post', and tap the points icon next to your avatar to enter 'Community Center'.
2️⃣ Complete tasks like post, comment, and like to earn Growth Points.
🎁 Every 300 Growth Points to draw 1 chance, win MacBook Air, Gate x Inter Milan Football, Futures Voucher, Points, and more amazing prizes!
⏰ Ends on May 4, 16:00 PM (UTC)
Details: https://www.gate.io/announcements/article/44619
#GrowthPoints#
Will the price of PEPE rise along a parabolic path in May 2025?
PEPE, one of the most talked-about meme coins in recent months, has left traders guessing with its unpredictable price action. From explosive bull runs to sudden falls, it has shown that it does not adhere to the usual rules of cryptocurrency trading. Now, as May begins and prices tighten, investors are wondering: is the price of PEPE preparing for another legendary jump or is it just moving sideways? With new hourly and daily chart data in hand, let's analyze the signals to see what might happen in the next 30 days. Price prediction for PEPE: Is the PEPE coin about to be bullish or fall? In the past week, the price of PEPE has quietly accumulated energy. After several weeks of sideways trading, the price is currently around $0.00000879. With the bulls and bears in a tug-of-war, what happens next could shape May for PEPE. Let's decode the current chart patterns and find out if this frog coin has one more jump left. What does the daily chart say?
Looking at the daily chart, the price of PEPE has consolidated near the 100-day SMA at (0.00000878 dollars) with a recent rejection near the 200-day SMA at around 0.00001289 dollars. The resistance above is key: the last time PEPE tried to break through here, it quickly fell back to a correction level. However, the good news for the bulls is that PEPE has maintained higher lows since the beginning of April, indicating underlying strength. If it convincingly breaks and closes above $0.00000950, the next target could be around $0.00001200 to $0.00001300. Hourly chart: Incident or fake?
However, the hourly chart paints a shorter-term bearish picture. PEPE has recently fallen below the 200-hour SMA ($0.00000893), indicating some weakness. A strong bearish candle on April 30 shows strong selling pressure at higher levels. But with the ADL (Accumulation/Distribution) still holding above 1,490, the accumulation seems intact—the buyers have not completely exited. This indicates that any drop below $0.00000850 could be temporary unless there is a decline below $0.00000800, which would open the door to a level of $0.00000700 or lower. Price prediction for PEPE: 30-day target Let's run a simple projection based on the recent fluctuations: Bullish case: If the price of PEPE closes above $0.00000950, momentum could push the price up to $0.00001200 within the next 30 days. That would be an increase of ~36% compared to the current level. Bearish case: If the price falls below $0.00000800, the price will drop to $0.00000680, which means a potential fall of 22%. Calculating potential ROI: If you invest $1,000 at a price of $0.00000879: Target bullish ($0.00001200) = ~$1.364 (+36%)Risk fall ($0.00000680) = ~$773 (-23%) The social buzz surrounding PEPE remains strong, with daily trading volume still above 50 million dollars. However, the lack of major exchanges listing or developing the ecosystem means that the next bullish phase may depend on the hype or meme catalysts. Price prediction for PEPE: Is PEPE ready to go bullish? Currently, the price of PEPE is walking a tightrope between the key resistance and support levels. The long-term daily chart is cautiously optimistic, while the short-term hourly chart warns of upcoming volatility. If the buyers can quickly reclaim the level of 0.00000900 dollars, PEPE could become one of the breakout meme coins of May.