Is a 10x Rally on the Horizon?

PEPE worth has reclaimed the psychological barrier of $0.10 and is poised for a bullish comeback. The meme coin is without doubt one of the greatest performing tokens within the present bull market and is up virtually 8% up to now 24 hours.

With a market cap of $4.31 million, the huge upside potential for the meme coin makes it a profitable shopping for choice in present market circumstances. Must you purchase PEPE with the potential worth goal of a 10x rally? Let’s discover out in Coinpedia’s newest PEPE worth evaluation.

PEPE worth efficiency

Within the weekly chart, PEPE worth motion depends on giving a bullish flag sample document. The pool a part of the bullish flag was fashioned throughout the early 2020 bull run, which peaked at an all-time excessive of $0.00001722 in Might.

Trading view

In any case-time highs, PEPE worth is now in a descending channel sample. Nonetheless, given the latest broader market restoration following Donald Trump’s victory within the US presidential elections, PEPE is poised for a bullish comeback.

Up 25% this week, the meme coin has crossed the $0.000010 mark and is teetering on a bullish flag channel breakout rally. Because the bullish probabilities of a breakout rally enhance, the MACD and sign traces put together for a optimistic crossover.

What are PEPE 10x rally odds?

The final optimistic crossover within the weekly MACD indicator occurred throughout the early 2024 bull run, good for a bounce of virtually 1000%. Based mostly on the latest days of the trend-based Fibonacci regression ranges above the bullish flag sample, the uptrend is on monitor to problem the 23.60% Fibonacci stage at $0.00001171.

That is why PEPE is without doubt one of the greatest shopping for meme cash within the crypto market with big upside potential.

Learn extra in our PEPE worth forecast for subsequent yr’s worth targets.

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