๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Pepe Coin Price Prediction: Analysts Forecast 1,400% Surge as Historical Patterns Resurface

๐Ÿ”ฅ Pepe Coin Set for 1,400% Surge?
During the Monday Asian session, the crypto market showed neutrality, with Bitcoin holding above $68,000. Analysts are eyeing Pepe coin for a potential 1,400% surge as historical patterns emerge amid the U.S. presidential election.

๐Ÿ“Š Bullish Wave Pattern Emerges
Crypto analyst Waleed.Eth highlights a wave pattern in Pepe coin, similar to the one seen from February to May 2024. The recent correction below the 200 EMA is viewed as a shake-out to attract long-term investors, setting the stage for a potential rally to $0.000118, with a market cap possibly hitting $50 billion.

โš ๏ธ Short-Term Risks Grow
Santiment data shows the 30-day MVRV ratio dropped to -16%, indicating that short-term investors are facing losses. This could lead to capitulation, creating buying opportunities for long-term holders and aligning with the predicted wave 3 rally.

๐Ÿ“ˆ Pepe Price Analysis
Pepe coin is trading at $0.00000082, with a market cap of $3.48 billion. The coin is finding support at a trendline within a triangle pattern. If this support holds, Pepe could rise 32%, with a potential breakout igniting the next wave of growth. However, consolidation may continue until the trendlines converge.