🚀 Pepe Poised to Surge as Buy Signals Emerge! 🚀
Pepe coin's price is climbing! 📈 News of a possible Ethereum ETF approval by the end of summer is boosting PEPE's momentum. Over the weekend, the SEC Chair hinted at this approval, causing PEPE to rise. On Monday, during European trading hours, PEPE was priced at $0.0000118, up 1.4% in 24 hours. Bulls might drive PEPE towards its previous all-time high!
📊 PEPE Price Analysis: 63% Breakout Potential!
1️⃣ On May 21, PEPE hit a new all-time high after breaking out of an ascending triangle. But it dipped to $0.00001057 as investors took profits.
2️⃣ After a month of downward movement, PEPE found support at a critical resistance-turned-support level. It’s now in a bullish falling wedge pattern.
3️⃣ The current price aligns with the 0.786 Fibonacci retracement level, providing strong support for a rebound. If PEPE breaks out upwards, it might surge 63% to a new ATH of $0.00001948. Support at $0.00001057 is expected to hold.
🔮 Future Outlook: Pepe Holders
Pepe's price often moves with Ethereum’s. SEC Chair Gary Gensler hinted that spot ETH ETF S-1s might be approved by the end of summer, turning ETH investors bullish and boosting PEPE.
According to Santiment, the number of PEPE holders is at an all-time high! Meanwhile, whale investors (holding $100,000 to $1,000,000 worth of PEPE) have decreased. This indicates a redistribution among smaller investors, potentially increasing long-term stability.
With Ethereum buy fever spreading, ERC20 meme coins like PEPE are expected to perform well. This could be a crucial turning point for PEPE’s long-term price trajectory.
Stay tuned for more crypto insights! 👍
Disclaimer: This is not financial advice. Always do your own research before investing.
