Will $PEPE Rally 1000%?
In the daily chart, the bullish trend sustains above the 100% trend-based Fibonacci level at 0.000015. As the higher high trend continues, with the unleashed trend momentum after the rounding bottom breakout, the PEPE price is expected to surpass the $0.00002 mark.
Beyond this, the meme coin could head for the 2.618% trend-based Fibonacci level at 0.0000277.
In a longer time, with the upcoming bullish catalyst in the crypto market like conbase listing, the Uptober rally, the alt season, and potential rate cuts, the meme coin could surge even higher. Hence, the possibility of a 10x-15x rally in PEPE price is a feasible target for 2024 as the buying pressure grows.
