‼️🚨⚠️URGENT⚠️🚨‼️
PEPE could grow by 80% by the end of the third quarter of 2024.
Memcoin recently broke through the bullish flank pattern at $0.00001119. This is the critical point where the trend line and key support intersect. This breakthrough was followed by a consolidation phase, while the asset managed to maintain its support levels.
PEPE also demonstrates the classic bullish IH&S reversal pattern, which often precedes an increase in the price of an asset after a break above the resistance line. As of the end of July, the memcoin forms the right shoulder of this model, while the key resistance level is at $0.00001320. A break above this level could lead to an increase in PEPE by 80% to $0.00002241 by the end of the third quarter of 2024.
PEPE’s results in 2024 were impressive: the average daily trading volume exceeded $700 million, which puts memcoin in second place after DOGE. The number of holders of a joke coin with the image of a frog has increased by 70% this year.
According to the latest data from CoinGlass, about 79% of the 218,720 PEPE holder addresses are making a profit. And according to IntoTheBlock, 72% of the total memcoin supply belongs to large investors. All these indicators indicate the strong confidence of crypto market participants in the cryptocurrency coin. This adds stability to its exchange rate and could potentially affect the further growth of the joke token.
