Altcoins
Pepe Price Prepares For 100x Gains In Next Altcoin Season
Amid the general market recovery, the bull run PEPE Award is moving at breakneck speed. With two incredibly bullish days, the meme coin is trading at record highs and hinting at an uptrend in the days ahead.
As it is based on the Ethereum chain, the bull run with Ethereum ETF give PEPE extra momentum? Will PEPE continue to lead the rally and multiply the number of gains by 100 in 2024? To find out more, check out our PEPE Price Prediction.
PEPE Price/Performance Ratio
With a breakout of the descending channel, the PEPE price uptrend continues to gain momentum. The steady increase in demand fuels the rally above the psychological $0.000010 mark and posts a successful post-retest jump from a breakout of the rounded bottom.
Amidst the general market recovery, with a successful retest, PEPE price jumped 50% in 48 hours. This uptrend creates two consecutive bullish engulfing candles and challenges the $0.000015 barrier.
Currently, PEPE price is trading at $0.0000137 and is stalling near an all-time high as the Ethereum rally pauses. Given that the Ethereum ETF will be approved this Thursday, the rise of this meme coin will continue with increased momentum.
Technical indicators:
MACD:The bullish trend in the MACD and signal lines supports the positive rally, reflecting an increase in underlying demand.
DMI:The VI lines maintain a positive trajectory, with the ADX line becoming strong, reinforcing a strong momentum bull run.
Will the PEPE rally result in a 100x rally?
With the massive bullish trend underway, PEPE price shows virtually no weakness in the bull run. Moreover, as 2024 is shaping up to be an extremely bullish second half, the 100x rally becomes a possibility for this meme coin.
In the short term, PEPE price could reach the $0.000019 mark if it holds above $0.000014 today. Beyond that, $0.00002782 is a viable target at the 2.618 Fibonacci level.