PEPE price has reclaimed the psychological barrier of $0.10 and is poised for a bullish comeback. The meme coin is one of the best performing tokens in the current bull market and is up almost 8% in the past 24 hours.
With a market cap of $4.31 million, the massive upside potential for the meme coin makes it a lucrative buying option in current market conditions. Should you buy PEPE with the potential price target of a 10x rally? Let’s find out in Coinpedia’s latest PEPE price analysis.
PEPE price performance
In the weekly chart, PEPE price action relies on giving a bullish flag pattern record. The pool part of the bullish flag was formed during the early 2020 bull run, which peaked at an all-time high of $0.00001722 in May.
After all-time highs, PEPE price is now in a descending channel pattern. However, given the recent broader market recovery following Donald Trump’s victory in the US presidential elections, PEPE is poised for a bullish comeback.
Up 25% this week, the meme coin has crossed the $0.000010 mark and is teetering on a bullish flag channel breakout rally. As bullish chances of a breakout rally increase, the MACD and signal lines prepare for a positive crossover.
What are PEPE 10x rally odds?
The last positive crossover in the weekly MACD indicator occurred during the early 2024 bull run, good for a jump of almost 1000%. Based on the recent days of trend-based Fibonacci regression levels above the bullish flag pattern, the uptrend is on track to challenge the 23.60% Fibonacci level at $0.00001171.
That’s why PEPE is one of the best buying meme coins in the crypto market with huge upside potential.
Read more in our PEPE price forecast for next year’s price targets.
Frequently asked questions
PEPE has a market cap of $4.31 million and recently regained the $0.000010 level.
A bullish flag pattern, a positive MACD crossover and Fibonacci objectives indicate strong potential.
PEPE’s price could target significant highs, in line with bullish technical patterns and market recoveries.
Credit : coinpedia.org
