The cryptocurrency market has seen a surge of optimism, especially for major memecoins and altcoins, as Bitcoin (BTC) recently surged to $64,000 after breaking out of its consolidation zone around $60,000. This positive wave has had a significant impact on Pepe $PEPE, the third-largest memecoin, which has recorded an impressive gain of 23.95% over the past week. PEPE is currently trading at $0.000009075, with a market capitalization of $3.81 billion.
Analysts predict +300% upside target
A popular analyst on the X platform, @CaptainFaibik, has caught the attention of the PEPE community with his bullish prediction. He recently shared a detailed chart analysis of PEPE’s price action, stating, “PEPE looks poised for another +300% rally in Q4.” The key to this prediction lies in the symmetrical triangle pattern that has formed on PEPE’s chart since March 24. Historically, this pattern has been a strong indicator of a potential price breakout. The analyst believes that if PEPE can break out of this pattern, its price could spike to around $0.000042—a staggering 295% increase from its breakout level of $0.000012.
What's next for PEPE?
With its recent gains and significant upside potential, PEPE is once again in the spotlight. If @CaptainFaibik’s analysis is correct, the coming months could be very exciting for PEPE investors. However, as is often the case in the volatile world of cryptocurrencies, it is important to approach such predictions with cautious optimism.
Now, the crypto community will be watching closely to see if PEPE can capitalize on the current momentum and deliver the massive growth that some analysts are predicting in Q4.
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