Pepe coin price prediction eyes a major breakout, with analysts targeting a $25 billion market cap. Reduced exchange supply and bullish patterns hint at a potential rally.
Pepe Coin Price Prediction: Analysts Target $25 Billion Market Cap
In a recent tweet, WhaleInsider highlights a bullish pennant pattern in PEPE’s market cap chart. In technical analysis, this chart setup is often spotted in an established uptrend, projecting the potential for a prolonged bullish trend.
After a significant uptrend, the chart pattern drives a temporary consolidation within two converging trendlines for buyers to recuperate the bullish momentum. WhaleInsider chart accentuates the PEPE market cap formed a similar pattern in the first half of 2024 before it triggered a rally to $7.5 Billion.
Thus, an imminent breakout from the chart setup could drive the PEPE coin market cap to $25 Billion market cap.
The Pepe coin price prediction currently trades at $0.000097 with a market cap of $4.07 Billion. If the circulating supply remains the same, a surge in Pepe’s market cap to $25 billion would boost its price to approximately $0.000596.
Crypto Trader Hints Major Breakout from Triangle Pattern
Renowned crypto trader Bitcoin Meraklıs highlights the Pepe coin price prediction is positioned at a pivotal moment within the triangle pattern. The chart pattern is similar to the aforementioned pennant, providing a directional rally after temporary consolidation.
According to traders, the Pepe coin price prediction seeks support at the triangle’s bottom trendline, with its next move potentially influenced by Bitcoin’s upcoming price action.
Note.This information is taken by different resources its opinion.
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