The post Pepe Price’s Potential 30% Surge Amid Soaring Market Cap appeared on BitcoinEthereumNews.com.

PEPE cryptocurrency has recently displayed a noteworthy pattern on its lower time frame charts, assumably, the market taking a breather after the surge. PEPE price has a lot of eyes on it for now. The asset formed a symmetrical triangle, a classic technical formation that suggests a continuation or reversal depending on the breakout direction. In this case, PEPE price has consolidated above the point of control (PoC), which acted as crucial support throughout this formation. – Advertisement – This consolidation phase near the PoC is a bullish signal indicating strong buyer interest at these levels. Coupled with rising volume, this setup reflects growing momentum among traders. #PEPE forming symmetrical triangle pattern in LTFs, Expect strong breakout if it could consolidate above the depicted PoC support levels. Volume rising as good momentum, keep an eye on👀✅$PEPE #PEPEUSDT pic.twitter.com/tNP85ZmBQG — CryptoBull_360 (@CryptoBull_360) November 17, 2024 As PEPE edges towards the apex of the triangle, the anticipation of a significant breakout increases. A successful closure above the triangle could set PEPE on a path for a potential 30% increase in value. The key for traders will be to watch for a confirmed breakout and subsequent retest of the triangle’s upper boundary, which would validate the bullish scenario and potentially ignite a substantial rally in PEPE’s market price. – Advertisement – This technical setup has attracted attention, suggesting PEPE might soon embark on an aggressive upward trajectory. Pepe Price Golden Cross Signals Major Rally Additionally, the frog-themed memecoin recently experienced a significant technical development: the golden cross. This bullish signal occurred as the 50-day moving average surged above the 200-day moving average, a widely recognized indicator of potential major bullish momentum in the market. Leading up to this event, PEPE’s price showed steady upward movement. The completion of the golden cross has historically been a…

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Filed under: News - @ November 19, 2024 6:25 am