Price Forecast for Pepe (Pepe-PEPE): The chart shows a price breakout and a double golden crossover signal, will the price reach $1 soon?
Cryptonews - As the altcoin season begins in the market and interest in speculating on meme coins like Pepe (Pepe-PEPE) reaches unprecedented levels, reaching the price of $1 that many aspire to becomes the focal point.
Trends on the short and medium-term have turned bullish, with a double golden crossover signal appearing on the daily timeframe, suggesting that the recent breakout from the triangle pattern may push the price forecast for Pepe (Pepe) to much higher levels.
The price of the meme coin has seen an increase of 42% over the last two weeks, along with another 5% today as capital continues to flow into the altcoin sector.
Moreover, the wave of fear, uncertainty, and doubt (FUD) surrounding the geopolitical and economic situation has largely dissipated, replaced by a wave of regulatory momentum supporting cryptocurrencies, which continues to drive idle liquidity towards high-risk assets.
With the signing of the GENIUS Act into law, and the anticipated passage of the CLARITY Act in October, the positive momentum goes beyond being a fleeting event associated with 'Crypto Week' to pave the way for a new phase of growth.
