PEIPEI Price Prediction: Long-Term Upside Potential, But Short-Term Caution
2024-08-06
Bittime - PEIPEI has shown significant volatility in recent months, with quite extreme price movements. In the midst of market sentiment that tends to be negative, investors need to understand PEIPEI's future price predictions to make better investment decisions.
This article will discuss PEIPEI price predictions based on technical analysis and historical trends.
PEIPEI Price Short Term View
Even though it is predicted to rise 230.44% to reach $0.083945 on September 5, 2024, technical indicators show negative sentiment. The Fear and Greed Index is at level 17, indicating “Extreme Fear”, indicating investor concern.
As many as 20 of 27 technical indicators signal a potential decline. The 200-day moving average (SMA) is expected to fall to $0.00 on September 5, 2024, indicating a downward trend.
Read also: What is Peipei Coin and What is its Current Price?
PEIPEI Price Prediction (Long Term)
Based on PEIPEI's historical price movements and the BTC halving cycle, the predicted annual low price for PEIPEI in 2025 is $0.081194, while the highest price is expected to reach $0.085688 next year. On the same basis, here are PEIPEI price predictions for each year up to 2030.
- PEIPEI price prediction 2025: between $0.081194 to $0.085688, potential upside of 335.01% if it reaches the highest price target.
- PEIPEI price prediction 2030: between $0.083061 to $0.084964, potential upside of 279.66% if it reaches the highest price target.
PEIPEI Technical Analysis
The Relative Strength Index (RSI) is currently at 20.67, indicating the PEIPEI market is in an oversold condition, potentially driving price increases in the short term. However, the downward trend of the 200-day SMA indicates a potential price decline even in oversold conditions.
Based on today's classic pivot point of $0.081194, PEIPEI has support levels at $0.081003, $0.098456, and the strongest at $0.096546. Resistance levels are at $0.081351, $0.081542, and $0.081699. Observing these levels is important for investors who want to understand potential future price movements.
Conclusion
Although there is potential for future PEIPEI price increases, current market sentiment and technical indicators suggest that downside risks remain high. Investors should consider market volatility and prevailing bearish sentiment before making investment decisions.
With the prevailing levels of “Extreme Fear” in the market, this may not be the ideal time to make a purchase, but for some traders, this situation could be seen as an opportunity if prices begin to stabilize or recover.
How to Buy Crypto on Bittime
You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime.
Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
