Analyst Forecast 900% Rally For Pepe Coin Price After DOGE Pumps
Pepe Coin (PEPE) price, a popular meme coin, is drawing increased attention as the cryptocurrency market braces for a potential altcoin surge. Recent PEPE price movements suggest a possible bullish trend, sparking speculation of a significant upward rally. Analysts are now eyeing an impressive potential gain, with forecasts indicating a surge of up to 900% for the meme coin.
Analyst Forecasts Pepe Coin Price Rally Next After Doge
Crypto analyst shared an X post providing the latest prediction on Pepe Coin price, stating it could follow Dogecoin in its price rally. The post highlighted PEPEâs extended consolidation period and noted that DOGE, a leading meme coin, has already started its upward move.
The analyst pointed out that the token long consolidation phase sets it up for a significant breakout, suggesting the meme coin may experience a similar trend. A forecasted price surge of nearly 900% aligns crypto assets for a potential bullish rally soon. The DOGE price has risen by 10% in the past 24 hours and 15% in the past week. At the time of this report, the current Dogecoin price is trading at $0.1256.
PEPE Whale Activity and Accumulation Signals Rally
PEPEâs on-chain data shows increasing activity among key holders, hinting at potential accumulation. Active addresses and whale transaction counts have surged, reflecting renewed interest in the token.
As the price shows signs of stabilizing, the rise in whale transactions (>100k USD) suggests that significant investors are positioning themselves for a potential upward trend.
Despite the recent correction, the drop in supply held on exchanges implies reduced selling pressure. Coupled with the spike in whale activity, these metrics could support a future rally, demonstrating confidence among larger investors. With institutional interest and active addresses rising, the Pepe Coin price might experience a notable rebound soon.
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