**๐ธ PEPE Coin Eyes 60% Rally Amid Whale Accumulation: Can It Surpass SHIB and DOGE?**
Pepe Coin (#$PEPE
) is making waves in the crypto sphere, with analysts forecasting a potential 60% surge. Currently trading around $0.00000884, PEPE has rebounded from the $0.00000760 support zone, breaking out of a lower-high pattern and approaching resistance at $0.00000888. A successful breach could propel it to $0.00000952 and possibly $0.00001080.
Technical indicators bolster this bullish outlook:
RSI: Rising to 50.65, indicating increasing momentum.
MACD Histogram: Narrowing towards neutral, suggesting diminishing bearish pressure.
Stochastic RSI: Completed a bullish crossover, often preceding short-term rallies.
Whale activity further reinforces confidence. Since January, wallets #holding between 10 and 100 trillion PEPE tokens have increased their holdings by 24 trillion, a 20% rise, totaling 144.56 trillion PEPE as of May 7.
Chart patterns reveal a 'cup and handle' formation, with a neckline near $0.00000900. A daily close above this could confirm a #Breakout , targeting $0.00001465โa 60% increase. The Supertrend Indicator has turned bullish, supporting this trajectory. However, failure to break the neckline might lead to a short-term pullback to $0.00000750.
With mounting technical and on-chain signals, PEPE's potential to rival meme coin giants like Shiba Inu ($SHIB) and Dogecoin ($DOGE) is becoming a topic of serious discussion among investors.
Disclaimer: This is not investment advice. Always conduct your own research before making investment decisions.
*Caption: "PEPE Coin's bullish patterns and whale accumulation hint at a significant rallyโcould it outpace #SHIB and #Doge๐๐๐ ?"*