Could Pepe Be Ready for a Price Surge? This Analyst Thinks So
A prominent trader and analyst, known as Bluntz, believes that a popular memecoin is poised for a price increase.
He recently shared that the Ethereum -based memecoin Pepe ( PEPE ) is displaying an ascending triangle pattern on the eight-hour chart.
Bluntz noted that PEPE has successfully converted previous resistance levels into support as it moves upward. He observed that while Pepe had lagged behind other memecoins recently, it is likely to catch up soon given the activity in the market over the past two days.
His analysis indicates that Pepe could potentially rise by around 15% from its current price of $0.00000908, which represents a remarkable 937% increase from its low of $0.000000875 in February.
READ MORE:
Ethereum: New Wallet Addresses Decline Despite Price Surge – What’s Next?He also pointed out that Pepe’s recent price movements resemble those of the NEAR Protocol (NEAR) before its recent breakout, suggesting a similar potential for upward momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin metric breakout teases 'inevitable' 90% BTC price rally next
Morpho (MORPHO): Unlocking the Power of Decentralized Lending
What is Morpho (MORPHO)? Morpho (MORPHO), previously known as Morpho Blue, is a decentralized lending and borrowing protocol that operates on the Ethereum blockchain and other compatible networks. Its primary purpose is to facilitate overcollateralized loans—a system where borrowers must deposit co
ACRA analysts listed the regions of Russia that are optimal for mining
Dogecoin Chart's Second Bull Flag Will Lead to $0,90 Breakout
Trending news
MoreCrypto prices
More
