Aligning closely with the broader market trends, PEPE has witnessed strong market growth, with its price patterns suggesting a bullish shift. This has sparked expectations for a significant uptrend as analysts foresee a 200% increase. This is because its technical indicators are showing signs of a potential breakout. Crypto analyst World of Charts indicated that the meme coin has successfully made a bullish pennant pattern.
It has stabilized within the narrow range, possibly creating an entry point for investors. If the token breaks out from this pattern, it could signal a strong recovery, propelling it towards parabolic runs. Despite the PEPE token’s recent growth, it has remained around 30% below its all-time high of $0.00001718 in May 2024.
Can PEPE Price Reach $0.00002 In Q4?
The Ethereum-based meme coin has witnessed impressive growth, recording a 48% upswing in the past seven days and 22% over the past month. This bullish momentum has drawn considerable interest as analysts foresee the PEPE price reaching new targets between $0.000015 and $0.00002, should the meme token hold its critical resistance levels. Pepe Coin’s daily technical indicators suggest that the meme token still holds promising momentum in recent trading sessions.
Its Moving Average Convergence Divergence (MACD) has crossed into a bullish trend, passing above its signal line. This reflects an increase in buying pressure and a possible upward movement. However, any slight volatility around the histogram could trigger a pullback, warning traders to remain cautious. Notably, Pepe’s relative strength index is around 70, suggesting that the token could be overbought.
Besides this, Pepe whale activities have increased, which is evident by a surge in transactions of over $100,000. The recent upswing in large transactions coincides with the token’s slight price recovery. Many analysts hint that this increased whale involvement could indicate renewed interest and potential volatility in the Pepe Coin’s market trajectory. As such, Pepe Coin signals a strong breakout potential. Analysts are optimistic about significant gains if this trend continues.
New Crypto About To Follow PEPE’s Footsteps
PEPE price has skyrocketed to new highs due to its great social media support, fast-expanding community, and conjecture. It has, therefore, emerged as the next cryptocurrency to produce millionaires in a short period, and Lunex Network (LNEX), with actual value far beyond the meme coin frenzy, could follow Pepe Coin’s footsteps to generate the next wave of millionaires.
Unlike Pepe Coin, which relies on hype, Lunex offers a complete platform where crypto enthusiasts trade, store, and stoke their tokens all in one place, making DeFi relatively easier. The platform intends to enhance user experience like never before, providing top-tier features for those who subscribe to Lunex Pro. Moreover, its holders will benefit from rebates from every trade, encouraging token use and also growing its user base.
Lunex is set to enter the DeFi market, expected to explode to $450 billion by 2032. Grabbing even a small share of this market could cause its valuation to rise impressively. So far, Lunex is available at $0.0021, an over 66% leap from its initial offering of $0.0012. The project has also raised over $2.1 million as investors continue to be bullish about the token.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
