The post Analyst Predicts ‘Perfect Storm’ Could Propel Pepe Coin Past Shiba Inu appeared on BitcoinEthereumNews.com.

Pepe Coin, a prominent meme cryptocurrency, has captured market attention with a bold prediction from analysts suggesting it could outperform Shiba Inu (SHIB) in the coming months. This forecast aligns with a combination of technical patterns and broader market dynamics that have positioned Pepe for a potential surge in market cap and price performance as meme coins continue to outperform the market. Analyst Predicts a Game-Changing Rally Pepe Coin’s recent price movement has been closely scrutinized after dipping to $0.000015 during a market-wide downturn. However, a crypto analyst believes the coin is now poised for a “perfect storm,” with technical indicators suggesting a potential rally. The symmetrical triangle pattern observed on the weekly chart hints at a bullish continuation, providing a foundation for optimism. ‘Perfect Storm’ prediction positions Pepe Coin to overtake Shiba Inu. Source: Jameson via X The analyst also highlighted Ethereum’s anticipated price rebound as a catalyst. “If Ethereum breaks past $5,000, it could fuel liquidity flows into meme coins like Pepe,” the analyst stated. He further projected that Pepe’s market cap could rise from its current $7.3 billion to an impressive $50 billion during this market cycle. Such growth would place Pepe ahead of Shiba Inu, which currently holds a $12.6 billion market cap. For Pepe to surpass SHIB, it would require a 75% price increase—a plausible scenario if market conditions align favorably. Price Patterns Bolster Bullish Sentiment Pepe Coin’s daily chart reflects a mixed but promising outlook. On the upside, the coin has successfully retested the critical support at $0.00001716, a level corresponding to the upper boundary of a long-formed cup-and-handle pattern. This retest indicates the possibility of a continuation toward higher levels. Pepe Coin’s path to surpassing Shiba Inu relies on maintaining its momentum and seizing favorable market conditions for a potential breakout. Source: Real_CryptoRoy/TradingView…

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Filed under: News - @ January 17, 2025 2:27 am