You are here: Home / News / PEPE on the verge of Breakout: Analyst Predicts 80%-90% Bullish Wave
May 3, 2024 by Ammar Raza
PEPE is a meme coin that has managed to catch people’s attention due to its sharp rise in price within the market. The fact that the surge has not died down means that it may still experience even higher highs soon enough. Moreover, what is even more surprising about this whole situation is that despite the recent bearish trends which affected all other coins, PEPE did not lose its steam and instead showed amazing resilience, bouncing back rapidly from recent lows.
Analyzing the coin’s recent performance indicates a slight positive shift. Specifically, PEPE saw a 0.31% increase in value just this week. Although small, this move would have seemed quite impressive given the current difficulties of the crypto market.
Fast forward to the present moment, and the numbers continue to paint a picture of its growing prominence. With a current price of $0.057689, a 24-hour trading volume reaching a staggering $1.26 billion, and a market capitalization standing tall at $3.23 billion, its presence in the cryptocurrency realm is undeniable. Moreover, the latest data reveals that PEPE’s price has surged by an impressive 9.60% in just the last 24 hours, further solidifying its position as a noteworthy player in the crypto market.
Analyst Eyes 80%-90% Surge For PEPE
Crypto analyst World Of Charts has recently expressed a bullish sentiment regarding PEPE, suggesting that the cryptocurrency is on the cusp of another significant breakout. According to their analysis, PEPE has formed a bullish flag pattern and is currently testing its upper resistance level.
In the event of a breakout from this pattern, World Of Charts anticipates the possibility of another bullish wave, projecting a potential increase of 80-90% in the coming days.
Such an attitude towards PEPE’s future prospects can be viewed as quite optimistic because it draws attention to the opportunities for considerable profits which can be derived from the bullish flag pattern as well as resistance levels indicated by technical analysis indicators. It suggests that there might still be room left for PEPE upward motion, hence creating chances that could make people profitable who want to invest more into this cryptocurrency.
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