Memecoins PEPE is predicted to experience a price jump of up to 50 percent in the near future. This projection is driven by increased trading volume and activity of large investors which shows a bullish trend. Investors in the crypto market are optimistic about the potential for further upside from memecoin This.
Memecoins PEPE, one of the popular tokens among fans token memesindicating the potential for strong price increases. Based on the latest analysis, the symmetrical triangle pattern seen in the PEPE trading chart indicates that a price surge could occur soon.
Usually, this pattern is often interpreted as a signal of significant price movements. A well-known analyst, CryptoBull, through his post on social media X, stated that if PEPE price manages to stay above the current trend line, there is a high possibility that memecoin This will experience a price increase of between 40 and 50 percent in the short term. This momentum is supported by a continued increase in trading volume.
In the last few days, PEPE prices have risen by more than 6 percent, showing positive momentum in the market. Over the last 30 days alone, more than 35 percent has flown.
These price movements are in line with broader trends in the crypto market, where several major cryptocurrencies such as Bitcoins (BTC) and Ethereum (ETH) also experienced an increase. Bitcoin itself has just entered an important zone because it has successfully risen and above US65 thousand.
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Investors view this as an indication that the market is in a phase bullishmeaning the potential for further gains may continue. As often happens in the crypto world, trends like this can trigger larger price movements in the future.
Para activities whale or big investors in memecoin PEPE also shows an interesting accumulation trend. Para whale has accumulated more than US$5 million in stablecoinsindicating their confidence in the future of this token. If analogous, the actions of para whale this is similar to when they “refuel” for a longer trip, the more accumulated, the more likely the price will spike later on.
In the crypto market, a similar pattern has occurred with Bitcoin (BTC). In 2016, for example, Bitcoin moved in a narrow price range for more than three months. However, a few weeks before the US Presidential Election, Bitcoin prices began to skyrocket, and their value nearly doubled in the following months. The same thing happened again in 2020, when Bitcoin was flat for almost half a year before finally surging just three weeks before the election.
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Additionally, another crypto analyst, Crypto Zeus, too see trend bullish strong for memecoin PEPE. In his latest analysis, he emphasized that PEPE could experience significant upside momentum in the coming days.
He added that long-term investors must remain optimistic about PEPE's growth potential, especially with the positive trend of technical indicators that supports this projection.
“PEPE showed strong optimism today. Some positive signals are starting to appear. “We will face an important week ahead,” he wrote in X, Monday (14/10/2024). He also attached a video of the Pepecoin price analysis.
The outlook for PEPE prices is expected to continue to rise in the short term, especially with support from investors whale and ever-increasing trading volume. If this momentum continues, PEPE price could reach the price target between US$0.000015 to US$0.00002 in the near future.
Meanwhile, glance back analysis memecoin PEPE by CobraVanguard, which was uploaded to TradingView on September 30 2024, still feels relevant to current conditions. The popular analyst said PEPE appeared consolidated in the pattern bullish.
On the graph it looks like PEPE is already there breakout above the pattern line since the beginning of October 2024 and is now still in that zone.
In the short time span, with its current price at around US$0.00001064, this token with the green frog symbol appears to be testing important resistancenamely US$0.00001196, based on data from the Fib Retracement indicator.
Previously on October 9 2024, Alan Santana at X also participated explained what is the direction of movement memecoin This PEPE.
He described the PEPE/USDT trading price movement pattern, that the market was experiencing a downward phase after previously experiencing an upward phase (bullish).
“The downward movement started around the beginning of August, and then on August 5, the downward phase ended, which was followed by a price increase until September 29. These are described as phases bullish which is mild, lasts for 55 days. However, the trend bullish it suddenly ends, and the market experiences action bearish which is significant, in just 9 days,” he wrote.
In this analysis, there is an estimate that movement bearish This can last longer, between 22 to 27 days, as the highest “temperature” occurs in September compared to July, and the lowest point is lower in October compared to August. This pattern is interpreted as a signal that a major downward trend is underway, which has the potential to spread throughout the market. [ps]