Release: 2024/09/30 22:49 Reading: 210
Pepecoin's Next Moves, Analysts Predict New ATH
Following Arthur Hayes' recent acquisition of $250,000 worth of PEPE, analysts believe the memecoin is poised for another price surge.
Arthur Hayes' Investment
On September 27, 2024, Arthur Hayes made a significant purchase of Pepecoin tokens on Binance, reflecting his strong belief in the memecoin's future growth potential.
Analyst Predictions
Crypto analyst Fabian predicts that PEPE is preparing to set a new all-time high (ATH) in the coming months, based on a confirmed breakout from a symmetrical triangle pattern.
Technical Analysis
Technical analysis by "paul_endeo" suggests that PEPE's price could continue to rise to $0.00001725 in the daily time frame, with a potential temporary target of $0.00001307.
Current Market Conditions
As of Monday (30/0/2024), PEPE was trading at $0.00001092, above its golden ratio according to the Fib Retracement. While a brief pullback to $0.00000898 is possible, the overall sentiment remains bullish.
Correlation with Other Memecoins
PEPE's price movements have been correlated with other major memecoins, such as DOGE and SHIB. PEPE has lost 2.51% in the past 24 hours, but has gained 34% in the past week.
Impact of Bitcoin Price
The altcoin market, including PEPE, is influenced by Bitcoin's price. Analysts are waiting for the release of the Institute for Supply Management (ISM) data on October 1, 2024, which could impact Bitcoin's price.
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