Pepe Price Preps For 100x Gains This Coming Altcoin Season
Release: 2024/05/22 15:29 Reading: 373
Pepe Price Poised for 100x Surge in Upcoming Altcoin Season
Amidst the broader market recovery, the bull run in PEPE price has accelerated at an exceptional pace. After two consecutive bullish days, the meme coin has reached all-time highs, hinting at a sustained uptrend.
As PEPE operates on the Ethereum blockchain, will the upcoming Ethereum ETF provide further impetus to its rally? Can PEPE maintain its momentum and deliver 100x gains in 2024? Explore our PEPE price prediction for insights.
PEPE Price Performance
Breaking out of a falling channel, the PEPE price uptrend continues to gain traction. Surging demand has propelled it above the $0.000010 psychological threshold, with a successful post-retest jump of a rounding bottom breakout.
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Amidst the broader market recovery, with a successful retest, the PEPE price has surged 50% within 48 hours. This bull run has formed two consecutive bullish engulfing candles and is challenging the $0.000015 barrier.
Currently, PEPE trades at $0.0000137, hovering near its all-time high while the Ethereum rally pauses. However, with the Ethereum ETF expected to be approved this Thursday, the bull run in this meme coin is likely to continue with increased momentum.
Technical Indicators:
- MACD: The bullish trend in the MACD and signal lines sustains the positive rally, indicating growing underlying demand.
- DMI: The VI lines maintain a positive trajectory, with the ADX line strengthening, supporting a high-momentum bull run.
Can the PEPE Rally Deliver 100x Gains?
With the substantial uptrend in progress, the PEPE price exhibits minimal weakness. Moreover, as the second half of 2024 is expected to be extremely bullish, a 100x rally becomes a possibility for this meme coin.
In the short term, if PEPE sustains above $0.000014 today, it could reach the $0.000019 mark. Beyond this, the 2.618 Fibonacci level at $0.00002782 is a potential target.
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