Will Pepe Coin Price Surge to $0.000015 in October?
Pepe Coin (PEPE) is showing potential for growth, driven by bullish momentum among major holders. After an impressive 89% rally in September, PEPE has tested the crucial support level of $0.00001, which may be key for its next movement.
1. Technical Breakout: PEPE has broken out of a four-month falling wedge pattern, indicating a possible end to its bearish phase and a shift in market sentiment.
2. Bullish Indicators:
- EMAs: A recent bullish crossover between the 20-day and 100-day EMAs supports positive momentum.
- Support Level: Holding above $0.00001 is critical. A sustained position here could lead to a target of $0.000015.
3. Whale Accumulation: Large holders have increased their stakes, now controlling over 13.51 trillion PEPE. This accumulation indicates strong confidence in potential price appreciation.
4. Profit-Taking Risks: The 30-day MVRV ratio has reached 38.7%, suggesting short-term traders are in profit. This could lead to profit-taking, and if PEPE falls below $0.00001, selling pressure may increase.
If PEPE maintains support above $0.00001 through mid-October, a rally to $0.000015 is likely. Monitoring market sentiment and whale activity will be crucial in the coming weeks.
Follow for price analysis, trends and news. Your follow my motivation. Thank you all.
Buy these and enjoy Q4. dyor.
#BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #NeiroOnBinance #CATIonBinance #Write2Earn!
