Core prediction, predicting that Pepe price will rise sharply🔥🔥🔥
The popular Little Frog (PEPE) price surged 65% this week, highlighting its growing momentum and buying pressure.
With Bitcoin (BTC) approaching $69,000 and the approval of a spot Ethereum ETF, the broader cryptocurrency market is recovering, increasing the likelihood of a memecoin bull run.
There is often speculation about whether PEPE will see a significant breakthrough this year, whether it will rise 10 to 15 times in 2024 or reach $1 in 2030.
The price of PEPE broke above the psychological $0.00001 mark on the daily chart, showing a rolling bottom breakout.
The breakout extends this week's bullish trend by 65%, increasing market capitalization by 178% over the past five weeks. Looking at the longer term, PEPE has soared nearly 1,300% in the past 14 weeks, reflecting a significant increase in demand in the individual market.
Currently, PEPE is trading at $0.00001510, recovering from a 5.26% loss the previous night and rising 6.82% intraday. Technical indicators show positive signs of continued growth.
The relative strength index (RSI) line on the daily time frame remains in overbought territory, reflecting increased overall demand. Additionally, the historical volatility (HV) line increased from 101 to 191 over the week, indicating increased volatility, which supports the ongoing bullish trend.
rebound potential
On the daily chart, the bullish trend continues above the $0.000015 level, which corresponds to 100% trend-based Fibonacci levels.
With the momentum of a rolling bottom breakout and a trend characterized by ups and downs, PEPE is expected to break above the $0.00002 level.
Meanwhile, upcoming bullish catalysts such as the Uptober rally, altcoin season, and potential rate cuts could further boost PEPE.
As buying pressure continues to increase, these factors make a 10- to 15-fold increase in PEPE prices a feasible target for 2024.
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