Price Prediction
Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?
The meme coin Pepe (PEPE) has surged over 11% on October 23, reaching a monthly high and a market cap of over $2.13 billion, making it the fourth-largest meme coin. Analysts suggest that while there is potential for further price increases, the current market movement may not be sustainable, indicating a possible pullback due to overbought conditions. The token's Relative Strength Index (RSI) has reached 94, signaling overbought territory, and recent exchange netflows show increased selling pressure as investors move assets to centralized platforms.