The meme coin Pepe (PEPE) could be gearing up for an explosive rally — at least according to some analysts pointing to favorable technical setups and renewed bullish sentiment around Ethereum. If the projected scenario unfolds, PEPE could skyrocket by an astonishing 7,220%, reaching a target of $0.0005856. Sounds wild? Maybe. But in crypto, anything is possible.
🔹 Ethereum's “Legendary” Level Could Trigger the Boom
One of the main reasons PEPE struggled this year is the sharp decline in Ethereum. From trading at around $4,100 last fall, ETH has dropped to roughly $1,600. Since many meme coins tend to follow the trend of their underlying blockchain, PEPE has mirrored this decline.
But the tide might be turning. A respected crypto analyst recently suggested ETH/BTC is forming a double bottom pattern, a classic sign of reversal. If validated, this could send ETH soaring toward $10,000 — more than +525% from current levels.
🔹 Could PEPE Really Surge by 7,220%?
If Ethereum begins a strong bull run, it's highly likely that PEPE would benefit as well. Historically, PEPE has performed well when ETH is gaining value. But a 7,220% surge? That's an extreme scenario.
Such a move would require Ethereum not only to break $10,000 but also to draw massive new capital into meme coins. Realistically, this could take years, not weeks or months.
🔹 Technical Signals Point to Bullish Momentum
PEPE’s chart currently shows promising signals:
🔹 Double bottom around $0.0000057
🔹 A larger triple bottom with a neckline at the all-time high of $0.00002835
🔹 A falling wedge and bullish divergence emerging
This suggests that PEPE could be on the verge of a significant breakout. A short-term target would be retesting its all-time high — a 250% gain from current prices.
🔹 When Could the Rally Begin?
If technical patterns hold and macro conditions improve — or if capital starts flowing back into crypto — the rally could ignite in 2025. However, risk remains: a drop below the triple bottom level would invalidate the bullish setup.
📊 Summary
✅ ETH at a “legendary” level = opportunity for PEPE
✅ Bullish technical patterns forming
✅ All-time high target looks achievable
⚠️ 7,220% remains a theoretical scenario — but 250% seems realistic
Ready to ride the next meme coin wave? 📈 Stay sharp, monitor the market, and remember — even joke coins can lead to serious profits.
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