While major cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, and Solana are still struggling to find direction, the memecoin craze continues unabated. As mentioned earlier, Shiba Inu price analysis shows that memecoins may attract more attention, especially from traders who want to circumvent the overall market price downturn by investing in alternative assets. For example, Pepecoin price prediction shows its potential to maintain its upward trend and is expected to set new highs.
PEPE surges, what happens next?
On Monday, Pepe Coin’s value increased by more than 11% in 24 hours, reaching $0.0000972 during the US trading session. The price increase was accompanied by a significant 142% increase in trading volume to $1.06 billion, placing PEPE in the top ten by volume.
The bullish momentum of Pepcoin has strengthened as the overall market capitalization surged 10% to $4.08 billion. This article aims to evaluate the technical and fundamental structure of PEPE and predict that it is expected to break out to $0.000013 in May.
Altcoins have potential in the midst of volatility: PEPE is expected to hit a quarterly high
During periods of Bitcoin consolidation, altcoins, especially those coins known for their high volatility, may experience significant price swings. While these moves may be limited to key ranges, they indicate the potential for value growth in the coming weeks.
A sustained surge in Pepecoin could reach the highest level in the first quarter at $0.00001083. The frog-themed coin remains above several key support levels, starting with the 200-day exponential moving average (EMA) at $0.000004437, the 50-day EMA at $0.0000072, and the 20-day EMA at $0.00000801. Being above these bullish indicators signals that it has the potential to sustain the uptrend.
Technical indicators are all bullish: Pepe's inverse head and shoulders pattern indicates a strong uptrend!
Several technical indicators show significant bullish potential for Pepe Coin. The relative strength index (RSI) is currently 69. If it enters the overbought area, it will promote a surge in buying orders and form a strong upward momentum, which may help Pepe coin rebound to $0.000013 - a new all-time high.
Validation of the inverse head and shoulders pattern could allow Pepecoin to break out from $0.00000972 to $0.000013, reaching the 50% neckline target.
Moreover, important technical indicators such as the Moving Average Convergence Divergence (MACD) further support the bullish theory. The MACD showed a buy signal, strengthening its control over the price.
If the price of Pepecoin adjusts to collect more liquidity, traders can look for new entry points after rebounding from the neckline of the inverse head and shoulders pattern to seize market opportunities.
