The crypto world is buzzing with excitement as analysts predict that Pepe Coin is gearing up for an explosive price surge, potentially smashing its all-time high (ATH) and setting new records. Despite a recent pullback, PEPE is showing strong technical signals and increasing whale activity that point to a bullish breakout in the near future.
🔹 Analysts Predict PEPE to Surge 31% to New ATH
Crypto experts are unanimous in their belief that Pepe Coin is on the verge of a monumental breakout. After a 23.3% dip from its year-to-date high, many see this as a mere pause before PEPE explodes past its ATH.
Renowned crypto trader Bluntz, using Elliot Wave analysis, points to a bullish setup on the four-hour chart. According to his analysis, PEPE has formed a perfect ABC pattern within a symmetrical triangle, a setup that typically precedes a powerful breakout. As these patterns often indicate, the next move could be a sharp rally.
Other analysts, including Dami-DeFi (76k+ followers) and Trader ELM, echo the sentiment, reinforcing the view that PEPE's next major move will likely send its price soaring.
🔹 Whale Activity and Demand Surge Point to Explosive Growth
Pepe Coin's rise isn't just fueled by technical analysis; the growing demand among traders and whale accumulation are key drivers of its price potential. With $5.4 billion in 24-hour trading volume, PEPE has outpaced Shiba Inu ($1.9 billion), signaling a shift in momentum. As one of the most popular meme coins in the market, PEPE is positioning itself as a strong contender to flip SHIB in the near future.
Data from Etherscan shows a massive whale purchase of $65 million worth of PEPE on Wednesday, further solidifying the belief that institutional investors are confident in the coin's upside potential.
🔹 Technical Indicators Point to a Bullish Future for Pepe Coin
On the daily chart, Pepe Coin recently broke past a crucial resistance level of $0.00001721 on November 13, a level that had acted as a barrier since March 27, when it marked its previous ATH. This breakthrough is seen by traders as a strong sign that the bullish momentum is just beginning.
Most notably, this breakout aligns with the cup and handle pattern, a classic technical formation that typically signals continuation. With the pullback taking a breather and some investors taking profits, the stage is set for PEPE to make its next move higher.
🔹 The Path Ahead: PEPE’s Bullish Trajectory
As we continue to see bullish patterns in both technical and fundamental analysis, the outlook for Pepe Coin is bright. Whale activity, skyrocketing volumes, and bullish chart patterns all point to one thing: PEPE is ready to reach new heights. If the coin continues to follow its current trajectory, a 31% surge to its ATH is within reach – and possibly even higher.
For traders and investors looking for the next big move in the meme coin market, PEPE could be the coin to watch in the coming days. Stay tuned and get ready to ride the wave as Pepe Coin takes flight to its ATH!
#PEPE #Pepecoin #CryptoNews #MemeCoin #Binance $PEPE