{"id":574450,"date":"2024-02-11T08:00:26","date_gmt":"2024-02-11T08:00:26","guid":{"rendered":"https:\/\/wncen.com\/?p=574450"},"modified":"2024-06-11T14:40:13","modified_gmt":"2024-06-11T14:40:13","slug":"pepe-ready-to-jump-crypto-analyst-forecasts-65-price-surge-heres-how","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/pepe-ready-to-jump-crypto-analyst-forecasts-65-price-surge-heres-how\/","title":{"rendered":"PEPE Ready To Jump? Crypto Analyst Forecasts 65% Price Surge – Here’s How"},"content":{"rendered":"

The PEPE meme coin has somewhat struggled<\/a> in the past few months, failing to capitalize on the current bull run. However, the token seems to be experiencing some form of recovery lately, with its value seeing a significant increase over the past week.<\/span><\/p>\n

While PEPE has obviously grabbed the attention of some investors, it also seems to be a cryptocurrency of interest amongst the experts. For instance, a popular crypto pundit on the X platform has sounded a buy alarm for the meme coin.<\/span><\/p>\n

PEPE\u2019s Price To Reach $0.0000017?<\/strong><\/h2>\n

In a recent post on X<\/a>, prominent crypto analyst Ali Martinez put forward a bullish prognosis for the price of PEPE. According to the analyst, the cryptocurrency\u2019s current setup suggests that it is primed for a bullish run to the upside.<\/span><\/p>\n

This bullish forecast revolves around the formation of an inverse head-and-shoulders chart pattern on the three-day timeframe. Typically, the head and shoulders price pattern depicts a bullish-to-bearish trend reversal and suggests that an upward trend is coming to an end.<\/span><\/p>\n

\"PEPE\"<\/p>\n

A chart showing the PEPE'S head and shoulders pattern on the 3-day timeframe | Source: Ali_charts\/X<\/a><\/pre>\n
Related Reading: Crypto Analyst Says Bitcoin At $100,000 Not Far Off, Here\u2019s When<\/a><\/div>\n
An inverse head and shoulders pattern<\/a>, on the other hand, is a bullish chart formation that indicates a potential reversal of a downward trend. According to Martinez, PEPE\u2019s price is currently forming a right shoulder of the inverse head and shoulders pattern, meaning that upward price movement is on the horizon.<\/span><\/p>\n
Furthermore, the crypto analyst mentioned that the TD (Tom Demark) Sequential indicator has gone off, sounding a buy alarm for the PEPE meme coin. With this positive signal and the bullish chart formation, Ali Martinez anticipates a bullish trajectory for the cryptocurrency in the long term.<\/span><\/p>\n
It would be logical to wait for a break and sustained close above the neckline<\/a> before confirming the bullish thesis. In this case, investors could see the price of PEPE reach as high as <\/span>$0.0000017, representing a potential 65% rise from the current price point.<\/span><\/p>\n
PEPE Price<\/strong><\/h2>\n
As of this writing, PEPE\u2019s price<\/a> stands at about $0.000001015, reflecting an almost 1% decline in the past 24 hours. However, the meme coin has managed to retain most of its profit on the weekly timeframe.<\/span><\/p>\n
According to data from CoinGecko, the PEPE token has witnessed a 10% increase in the last seven days. From a broader perspective, though, the cryptocurrency has struggled to hit the heights it once occupied.<\/span><\/p>\n
Related Reading: BONK Stays Alive In Top 100 List With 25% Single-Day Rally \u2013 Details<\/a><\/div>\n
Since the turn of the year, PEPE\u2019s value has slumped by more than 22%. Nevertheless, the meme coin boasts a market capitalization of roughly $428 million.<\/span><\/p>\n
\"PEPE\"<\/p>\n
PEPE price at $0.000001016 on the daily timeframe | Source: PEPEUSDT chart on TradingView<\/a><\/pre>\n
Featured image from Adobe Stock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"
The PEPE meme coin has somewhat struggled in the past few months, failing to capitalize on the current bull run. However, the token seems to be experiencing some form of recovery lately, with its value seeing a significant increase over the past week. While PEPE has obviously grabbed the attention of some investors, it also seems to be a cryptocurrency of interest amongst the experts. For instance, a popular crypto pundit on the X platform has sounded a buy alarm for the meme coin. PEPE\u2019s Price To Reach $0.0000017? In a recent post on X, prominent crypto analyst Ali Martinez put forward a bullish prognosis for the price of PEPE. According to the analyst, the cryptocurrency\u2019s current setup suggests that it is primed for a bullish run to the upside. This bullish forecast revolves around the formation of an inverse head-and-shoulders chart pattern on the three-day timeframe. Typically, the head and shoulders price pattern depicts a bullish-to-bearish trend reversal and suggests that an upward trend is coming to an end. A chart showing the PEPE’S head and shoulders pattern on the 3-day timeframe | Source: Ali_charts\/X Related Reading: Crypto Analyst Says Bitcoin At $100,000 Not Far Off, Here\u2019s When An inverse head and shoulders pattern, on the other hand, is a bullish chart formation that indicates a potential reversal of a downward trend. According to Martinez, PEPE\u2019s price is currently forming a right shoulder of the inverse head and shoulders pattern, meaning that upward price movement is on the horizon. Furthermore, the crypto analyst mentioned that the TD (Tom Demark) Sequential indicator has gone off, sounding a buy alarm for the PEPE meme coin. With this positive signal and the bullish chart formation, Ali Martinez anticipates a bullish trajectory for the cryptocurrency in the long term. It would be logical to wait for a break and sustained close above the neckline before confirming the bullish thesis. In this case, investors could see the price of PEPE reach as high as $0.0000017, representing a potential 65% rise from the current price point. PEPE Price As of this writing, PEPE\u2019s price stands at about $0.000001015, reflecting an almost 1% decline in the past 24 hours. However, the meme coin has managed to retain most of its profit on the weekly timeframe. According to data from CoinGecko, the PEPE token has witnessed a 10% increase in the last seven days. From a broader perspective, though, the cryptocurrency has struggled to hit the heights it once occupied. Related Reading: BONK Stays Alive In Top 100 List With 25% Single-Day Rally \u2013 Details Since the turn of the year, PEPE\u2019s value has slumped by more than 22%. Nevertheless, the meme coin boasts a market capitalization of roughly $428 million. PEPE price at $0.000001016 on the daily timeframe | Source: PEPEUSDT chart on TradingView Featured image from Adobe Stock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":542848,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87818,88145,88215,88188,79499],"class_list":["post-574450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ali-martinez","tag-pepe","tag-pepe-price","tag-pepeusdt","tag-tom-demark-sequential"],"acf":[],"yoast_head":"\nPEPE Ready To Jump? 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Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. 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