$PEPE
🚨 PEPE Coin Long-Term Potential 🚨
Looking at the daily timeframe, PEPE appears to be forming a cup-and-handle pattern. This formation is widely recognized as a bullish indicator, but for it to be validated, the price must break through the resistance level at $0.00001483.
If PEPE successfully breaks this resistance, analysts suggest it could rally by as much as 91%, potentially reaching $0.00002836. This price level was last seen in December 2024.
Key oscillator indicators are confirming the bullish thesis. According to TradingView data, the Momentum (10) and MACD Level (12, 26) are now showing buy signals on the daily chart.
For those considering entering positions, two key resistance levels to watch are $0.00001477 and $0.0000178. Should PEPE flip these levels to support, there’s a high probability it could form 10%-20% daily candles toward a new all-time high.
Some analysts are even more optimistic in their forecasts. Solberg Invest projects that PEPE could reach $0.000025, potentially as soon as the second quarter of this year.
In the derivatives market, the OI-weighted funding rate stands at 0.0127%, further confirming the presence of bullish sentiment among traders.
The spot market is also showing renewed buying interest, with approximately $335,000 worth of PEPE purchased recently, indicating growing momentum across both market segments.
Experts view PEPE as an excellent beta bet on Bitcoin and Ethereum, particularly for investors looking to make larger allocations within the meme coin market.
With Bitcoin recently breaching the $107,000 level and Ethereum pushing past $2,550, the outlook for ETH-based tokens like PEPE appears favorable.
The current price action comes as Bitcoin shows strong correlation with the Global M2 money supply, with projections suggesting BTC could reach $140,000 to $160,000 this year, while Ethereum could rally to $4,000 by year-end.