After surging by more than 12% in the past 7 days, a recent breakout favors a bullish Pepe price prediction that could result in gains of 135% in the near term.
Although other meme coins have produced similar gains during this period, PEPE has outperformed the top 5 group in this category, indicating that bullish momentum is accelerating.
Trading volumes have once again increased and have doubled from their recent lows of around $400 million to $1 billion as of yesterday. This significant jump shows that PEPE has entered key price areas.
In the past three days alone, more than $2.8 billion worth of the token have exchanged hands. Similarly, activity in the futures market indicates that traders are once again betting on PEPE.
Data from CoinGlass shows that open interest in PEPE futures has increased from a recent low of $569 million to $658 million at the time of writing. Although OI is still 35% below its recent peak of $1 billion, this is an early indication that favors a PEPE bullish price prediction.
Meanwhile, Ethereum (ETH) has moved above $4,000 lately. Since Pepe is an Ethereum-based meme coin, its performance is influenced by how the top altcoin fares.
Pepe Price Prediction: PEPE Could Rise to $0.00002800 After Breakout
The 12-hour chart shows that Pepe recently broke a falling wedge. This technical pattern typically precedes a big move upwards after the breakout is confirmed.
A move above $0.00001500 would confirm a bullish Pepe price prediction that could see the token delivering gains of more than 100% in the near term.
The Relative Strength Index (RSI) favors this positive outlook as it has climbed above the mid-line to sit at 59, meaning that the uptrend has gained significant strength.
The first target for PEPE would be $0.00002500. A move above that mark will confirm an upcoming rally toward $0.00002800 after a brief retest.
As Pepe makes its way to a new high, the best crypto presales like Bitcoin Hyper (HYPER) have been attracting significant attention. This project has raised more than $8 million already in less than two months to launch a Bitcoin L2.
Bitcoin Hyper (HYPER) Leverages the Power of Solana to Foster a New Era for BTCFi
Bitcoin Hyper (HYPER) is a new layer-2 chain designed to unlock the untapped potential of the top crypto’s decentralized finance (DeFi) ecosystem.
This project leverages the efficiency and scalability of the Solana blockchain and creates a bridge between the two networks through which BTC holders can stake, earn yield, and lend their assets without having to transfer their assets out of the Bitcoin network.
Investors just have to send their BTC tokens to a designated address in the Bitcoin blockchain. These assets will be minted in the L2 via the Hyper Bridge. Once in there, they can be used to access DeFi apps, invest in meme coins, and make payments at a low cost.
As top wallets and exchanges embrace this solution, the price of $HYPER could skyrocket. To buy this token at its discounted presale price, simply head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet).
You can either swap USDT, ETH, or SOL or use a bank card to invest.
Click Here to Participate in the Presale
The post Pepe Price Prediction: Falling Wedge Breakout Gives Traders a Rare Chance to Double Their Money appeared first on Cryptonews.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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