PEPE Price Prediction: Is a 10x Upside Coming?
Breaking above the psychological barrier of $$ 0.10, PEPE price is poised for a rebound. The meme coin is one of the best-performing coins in the current bull market, rising nearly 8% in the last 24 hours.
With a market cap of $$ 4.31 million, the meme coin’s massive upside potential makes it a lucrative buy in the current market conditions. So, should you buy PEPE with a potential 10x upside price target? Let’s find out in Coinpedia’s latest PEPE price analysis.
PEPE Price Performance
On the weekly chart, PEPE Premium action is on track to give a record high to the bullish flag pattern. The extreme portion of the bull flag formed during the early 2020 bull market, which reached an all-time high of $$ 0.00001722 in May.
After reaching all-time highs, PEPE price is currently in a descending channel pattern. However, given the recent broad market rally following Donald Trump’s victory in the US presidential election, PEPE is poised for a return to the bull market.
This week, the meme coin surged 25%, breaking above the $$ 0.000010 mark and is forming a bullish bull flag channel. The MACD and signal lines are poised for a bullish crossover as the bullish odds for a breakout increase.
What are the PEPE 10x recovery odds?
The last positive crossover on the weekly MACD indicator occurred during the early 2024 bull run, with a gain of almost 1000%. Based on the trend-based Fibonacci retracement levels that have crossed the bullish flag pattern in the past few days, the uptrend will challenge the 23.60% Fibonacci level at US$ 0.00001171.
As a result, PEPE is one of the best memecoins to buy in the crypto market, with huge upside potential.
