The post Pepe Coin Price Prediction: Here’s What To Expect From PEPE in the Bull Run appeared on BitcoinEthereumNews.com.

Aligning closely with the broader market trends, PEPE has witnessed strong market growth, with its price patterns suggesting a bullish shift. This has sparked expectations for a significant uptrend as analysts foresee a 200% increase. This is because its technical indicators are showing signs of a potential breakout. Crypto analyst World of Charts indicated that the meme coin has successfully made a bullish pennant pattern. It has stabilized within the narrow range, possibly creating an entry point for investors. If the token breaks out from this pattern, it could signal a strong recovery, propelling it towards parabolic runs. Despite the PEPE token’s recent growth, it has remained around 30% below its all-time high of $0.00001718 in May 2024. Can PEPE Price Reach $0.00002 In Q4? The Ethereum-based meme coin has witnessed impressive growth, recording a 48% upswing in the past seven days and 22% over the past month. This bullish momentum has drawn considerable interest as analysts foresee the PEPE price reaching new targets between $0.000015 and $0.00002, should the meme token hold its critical resistance levels. Pepe Coin’s daily technical indicators suggest that the meme token still holds promising momentum in recent trading sessions. Its Moving Average Convergence Divergence (MACD) has crossed into a bullish trend, passing above its signal line. This reflects an increase in buying pressure and a possible upward movement. However, any slight volatility around the histogram could trigger a pullback, warning traders to remain cautious. Notably, Pepe’s relative strength index is around 70, suggesting that the token could be overbought. Besides this, Pepe whale activities have increased, which is evident by a surge in transactions of over $100,000. The recent upswing in large transactions coincides with the token’s slight price recovery. Many analysts hint that this increased whale involvement could indicate renewed interest and potential…

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Filed under: News - @ November 14, 2024 12:12 am