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🐸🚀Pepe Coin is Predicted to Increase by 100%: That's When
The recovery of the market increases the potential of #PEPE Coin
The ongoing market recovery, especially in the meme and AI coin sectors, has created an appropriate environment for PEPE's expected rise.
PEPE is among the top meme coins with a market capitalization of $3.23 billion Dec. The price of PEPE, despite the recent downturn, has already increased by an impressive 181% this month, further strengthening the expectation that the upward trend will continue.
Various technical indicators support PEPE's bullish outlook. Bollinger Bands, a popular tool for measuring market volatility, showed a contraction in the 4-hour time frame. Many people interpret this contraction as a harbinger of an explosive movement that will take place soon, which means that the price of PEPE may be ready for a significant increase.
Moreover, the Relative Strength Index (RSI), which measures the speed and change of price movements, fluctuates close to the overbought limit. This points to a growing bullish momentum behind PEPE and further supports the potential for price increases.
It seems that buyers are preparing for a new exit venture with the formation of a strong foundation in Bollinger Bands. The formation of higher peaks and the presence of support at the level of $ 0.0000850 reveal a strong demand for PEPE and add confidence to the bullish rhetoric.
The upcoming April Bitcoin Halving event could serve as a catalyst for PEPE's price rise. Historical data shows that Bitcoin halvings usually lead to increased market activity and appreciation of prices in the cryptocurrency market.
If PEPE manages to take advantage of the bullish sentiment about the Bitcoin halving and successfully exits the current consolidation phase, he could potentially surpass the previous all-time high. This scenario becomes even more plausible if Bitcoin starts a bull run after Halving
