Reclaiming the psychological $0.10 mark, PEPE price is ready to rebound. The meme coin is one of the best performing tokens in the current bull run, gaining nearly 8% in the past 24 hours.
With a market cap of $4.31 million, the meme coin’s massive upside potential makes it a lucrative buy in current market conditions. So, should you buy PEPE with a potential price target of 10x upside? Let’s find out in the latest PEPE price analysis from Coinpedia.
PEPE price performance
On the weekly chart, the PEPE Award action is heading towards giving a record of a bullish flag pattern. The extreme part of the bullish flag was formed during the bull run in early 2020, which reached an all-time high of $0.00001722 in May.
Following its all-time high, PEPE prices are currently in a falling channel pattern. However, given the recent broad market recovery following Donald Trump’s victory in the U.S. presidential election, PEPE is poised for a bull run return.
The meme coin gained 25% this week to break above the $0.000010 mark and is forming a bullish flag channel breakout rebound. The MACD and signal lines are ready for a positive crossover as the bullish chances of a breakout rebound increase.
What are the chances of PEPE 10x rebounding?
The last positive crossover of the weekly MACD indicator occurred during the bull run of early 2024, when the price gained nearly 1,000%. Based on the trend-based Fibonacci retracement levels surpassing the bullish flag pattern in recent days, the uptrend will challenge the 23.60% Fibonacci level at $0.00001171.
Therefore, PEPE is one of the best memecoins to buy in the cryptocurrency market with huge upside potential.
