PEPE Coin (PEPE) Price Prediction: The Memecoins Have Geared Up as the Star Token Bitcoin is Demonstrating Massive Strength

The PEPE price is just an inch close to sparking a fresh price action and a successful rise may pave the way for an 80% rise to mark fresh yearly highs

Memecoins Geared Up as Star Token Bitcoin (BTC) Shows Immense Strength, Aiming to Carve Fresh Highs

PEPE Price Is Just an Inch Away From Sparking a New Price Action and a Successful Rise May Pave Way for an 80% Rally to Mark Fresh Yearly Highs

PEPE Price Displayed Immense Volatility Since the Beginning of the Year and Surged by Over 1500%, Marking Tops Near $0.000017. Later on, the Price Witnessed a Prominent Bearish Action but Soon Entered a Bearish Continuation Pattern. Nevertheless, the Token Managed to Complete the Pattern Breakout With a 22.43% Gain and Surged by Over 45% After a Rebound, seller’s strength seems to be exhausted now, hence we can expect a good upswing moving forward.

Crypto markets geared up as the tokens are all set to enter a new bullish wave. With a rise in the buying volume, we can expect a majority of the tokens to trigger a strong uptrend and rally to new highs. Looking at the broader time frame, the PEPE price broke out from a crucial symmetrical triangle before reaching the lower range of the consolidation, suggesting the bulls regained their dominance hinting at a potential bull run ahead.

After the recent price action along with the supertrend, the Ichimoku cloud has flipped from a bearish trend. Moreover, the price is constantly attempting to breach the resistance zone between $0.00001075 and $0.000011. However, the bears have been applying some pressure which could ease during the weekend triggering a breakout. The RSI is making incremental attempts to rise whereas the MACD showcases an increasing buying pressure but the volatility is yet to pick up.

Now that memecoins have gained immense mainstream attention, we can expect the PEPE price to regain its dominance. The price failed to sustain the breakout from the resistance zone since the August downfall, hence a rise could attract massive liquidity into the platform. This may not only elevate the levels beyond the yearly highs at $0.00001725 but could also reach towards $0.00002 before the month ends.

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