Cryptocurrency experts believe that PEPE will soon see a record high, based on technical analysis and whale activity. The coin, which is currently suffering from a bear market, may be on the cusp of a historic recovery 📈✨
🔸 Analysts' view: 31% rise soon
Analysts are predicting that PEPE will see a 31% surge to reach all-time highs. This optimism is attributed to technical analysis showing a positive near-term pattern.
🔍 Popular trader "Plantz" relied on the Elliott wave analysis on the 4-hour chart and predicted that the currency is close to a strong bullish breakout. This pattern, known as ABC and the symmetrical triangle, shows a high probability of a continued rise 📊📐.
This prediction was supported by other analysts such as Dami-D-Fi and ELM, who confirmed that PEPE has potential that surpasses even the popular Shiba Inu coin.
🔸 Why PEPE?
1️⃣ Growing Popularity: PEPE is one of the most popular meme coins on the market 🌟.
2️⃣ Huge trading volume: Data shows that its daily trading volume reached $5.4 billion compared to only $1.9 billion for Shiba Inu 💰.
3️⃣ Whale Activity: Etherscan data revealed that a large investor bought $65 million worth of PEPE in a single trade 🐋💸.
🔸 Technical analysis supports the rise
On November 13, PEPE managed to break through a critical resistance at $0.00001721, a level not seen since last March. This move coincided with a popular pattern known as the “cup and handle,” a clear indication of a continued uptrend 🏆📈.
Currently, the price has settled at $0.00002595 after a strong rally, as some investors booked profits, which slowed the momentum a bit. But analysts expect this to be just a pause before the rally resumes 🚀💹.
