This year, PEPE Coin, listed on Binance exchange, with an interesting story, is experiencing double-digit gains once again. In the midst of market volatility in mid-2021, the altcoin gained significant volume and reached its peak after being listed on top-tier crypto exchanges. But what’s next?
PEPE Coin Price
Following the treasury raid by the PEPE Coin team, the popular meme coin managed to survive. At the time of writing, BTC had surpassed $44,000. The market’s expectation is high, with investors focusing more on BTC. Bull markets usually start with a leading move from Bitcoin followed by a rise in altcoins.
However, PEPE Coin achieved double-digit gains along with a few other positively diverging altcoins. The price broke through a long-term resistance zone and reached a 5-month high. Despite the downward trend, the price confirmed $0.0000019 as a resistance level, after dropping to $0.00000082 in June 2023.
Forming a double bottom at $0.00000061 between mid-September and mid-October, the price has now turned upwards as it broke the resistance. Analyst Crypto_McKenna mentioned that the price could test $0.00000220 today.
On the other hand, analyst DrCryptoPlague stated that it was still early for FOMO despite the recent price increase and wrote:
“Now is not the time for FOMO, we should wait for the trend line to break and test.”
PEPE Coin Price Prediction
On the 6-hour chart, we can see that the strong resistance zone at $0.00000147 was broken with significant volume. This is highly positive as the price had also surpassed $0.0000016 at the time of writing. With a daily gain of over 22%, the rally is supported by the increase in BTC price. If BTC can remain above $43,000, the speculative rally of PEPE Coin will continue.
Furthermore, if such a surprising rally starts with PEPE Coin, we may see movement in other meme coins and bankruptcy tokens as well.
If the uptrend continues, the nearest target is $0.00000190, which was a strong resistance area in July. If this level is surpassed, the bulls may embark on a new ATH journey. On the contrary, rapid sell-offs could bring the price down to $0.00000102.
