The meme cryptocurrency market experienced a downturn recently, impacting the price of PEPE which dropped significantly by double digits. Despite this, the price of PEPE seems to have stabilized around $0.000017, with a slight increase to $0.000018 on Saturday, January 11. A notable crypto analyst on X has issued a buy recommendation for the meme coin.

Prominent crypto trader Ali Martinez shared an optimistic forecast for the future price of Pepe on X, suggesting a potential rebound to its previous highs. This prediction is based on the Tom Demark “TD” Sequential buy signal identified on the 12-hour price chart of PEPE, indicating a possible trend reversal.

The TD Sequential indicator previously signaled a sell after completing the Setup phase on January 4, leading to a 24% correction in PEPE’s value by January 9. However, Martinez highlighted a new bullish signal from the TD Sequential, hinting at a price rebound to $0.0000185 – $0.0000191, a nearly 10% increase from the current level.

Currently, the price of PEPE hovers around $0.000019, showing a 2% rise in the last 24 hours. Data from CoinGecko reveals a 15% decline in the value of the third-largest meme coin over the past week.

Overall, despite recent market fluctuations, there is optimism surrounding a potential price recovery for PEPE in the near future.

The post Possible Recovery in PEPE Price – Potential Target Identified appeared first on Crypto Breaking News.

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Filed under: News - @ January 12, 2025 11:26 am