Pepe Price Prediction 2024 – Next Meme Coin to Watch?

#notcoin #altcoins #BinanceLaunchpool #BlackRock #bitcoinhalving The weekend behind us was mostly calm in the crypto space, and meme coins experienced a slow price action. However, the PEPE price broke new all-time highs last week before cooling off slightly below the $0.00001 area.

Let’s find out what prominent crypto analysts say about the PEPE price forecast.

provided his analysis on the PEPE price prediction. He mentioned that he has exited his position in PEPE, although he sees potential for some more upside. According to his analysis, PEPE has seen a 197% move from the wave 4/B bottom, and he believes a pullback might be necessary for the bull market to continue.two possible scenarios for the PEPE price movement. In the first scenario, he suggests that wave 5 is now complete, and PEPE could experience a sizable correction of 50-80% for wave 2, considering the 1,600% move over the past year. He believes that the bottom of this eventual wave 2 correction would be extremely bullish if the meme coin ecosystem remains strong.

In the second scenario, he proposes the idea that wave 4 is still in progress, and the PEPE chart might be forming a rarer wave 4 variation or a deeper C wave that would breach the previous wave A. Regardless of the scenario, the analyst’s analysis indicates that a pullback for PEPE is expected, although the extent and duration of the correction may vary.

Moreover, the popular YouTube channel 99Bitcoins, with around 700k subscribers, posted their PEPE price prediction today. According to their technical analysis, the one-week chart shows a downward trend after breaking all-time highs, while the one-month chart indicates significant gains with overall bullish indicators.

Conclusion

As the PEPE price continues to be interesting topic in the meme coin ecosystem, analysts predict a potential pullback before further upside movements. While short-term corrections are expected, the overall sentiment remains bullish, with PEPE poised to benefit from the upcoming crypto bull market.