Altcoins
Pepe Price prepares for 100x gains in the next Altcoin season
Amid a broader market rally, the bull run PEPE Price advances at breakneck speed. With two incredibly bullish days, the meme coin is trading at all-time highs and is signaling an uptrend in the coming days.
As it is based on the Ethereum chain, will the bull work with Ethereum ETF give additional impetus to PEPE? Will PEPE continue to spearhead the rally and multiply gains by 100 in 2024? Learn more in our PEPE Price Prediction.
PEPE price performance
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 displays a successful post-retest jump from a rounded lower breakout.
Amid a broader market recovery, with a successful retest, the price of PEPE jumped 50% in 48 hours. This bull run creates two consecutive bullish engulfing candles and challenges the $0.000015 barrier.
Currently, PEPE price is trading at $0.0000137 as it stalls near an all-time high with Ethereum’s rally taking a pause. Since the Ethereum ETF will be approved this Thursday, the bull run of this meme coin will continue with increased momentum.
Technical indicators:
MACD: The MACD uptrend and signal lines support the positive rally, reflecting an increase in underlying demand.
DMI: VI lines maintain a positive trajectory, with the ADX line becoming strong, reinforcing a strong momentum bull run.
Will the PEPE Rally give a 100x rally?
With the massive uptrend in motion, PEPE price is hardly showing any weakness in the bull run. Additionally, with 2024 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 sustains above $0.000014 today. Beyond that, the $0.00002782 level is a viable target at the 2.618 Fibonacci level.
Also discover: First arrivals in Asia: PEPE and FLOKI lead the rally, while others follow; Has Memecoin Mania started?