Pepe Price’s Potential 30% Surge Amid Soaring Market Cap

PEPE cryptocurrency has recently displayed a noteworthy pattern on its lower time frame charts, assumably, the market taking a breather after the surge. PEPE price has a lot of eyes on it for now.

The asset formed a symmetrical triangle, a classic technical formation that suggests a continuation or reversal depending on the breakout direction.

In this case, PEPE price has consolidated above the point of control (PoC), which acted as crucial support throughout this formation.

– Advertisement –

This consolidation phase near the PoC is a bullish signal indicating strong buyer interest at these levels. Coupled with rising volume, this setup reflects growing momentum among traders.

As PEPE edges towards the apex of the triangle, the anticipation of a significant breakout increases. A successful closure above the triangle could set PEPE on a path for a potential 30% increase in value.

The key for traders will be to watch for a confirmed breakout and subsequent retest of the triangle’s upper boundary, which would validate the bullish scenario and potentially ignite a substantial rally in PEPE’s market price.

– Advertisement –

This technical setup has attracted attention, suggesting PEPE might soon embark on an aggressive upward trajectory.

Pepe Price Golden Cross Signals Major Rally

Additionally, the frog-themed memecoin recently experienced a significant technical development: the golden cross.

This bullish signal occurred as the 50-day moving average surged above the 200-day moving average, a widely recognized indicator of potential major bullish momentum in the market.

Leading up to this event, PEPE’s price showed steady upward movement. The completion of the golden cross has historically been a precursor to prolonged bullish periods.

The sharp increase in trading volume accompanying the crossover further reinforces the strength of this trend, suggesting robust buyer interest.

The market’s reaction was immediate, with PEPE’s price ascending sharply following the golden cross.

This price action has set PEPE up for potentially higher climbs, with traders and investors closely monitoring for sustained movements above these key moving averages to confirm further upside potential.

This development marks an optimistic phase for PEPE, indicating that the asset may be gearing up for an extended rally.

Investors are now eyeing higher resistance levels as PEPE continues its upward trajectory in the crypto markets.

Rising Market Cap

In the latest cryptocurrency rankings, PEPE has made a stunning move, flipping both Litecoin and Polkadot in terms of market capitalization.

This shift underscores PEPE’s growing influence and market acceptance. Over the past week, PEPE not only surpassed the market cap of these major players but also outperformed them in trading volume over both 7-day and 24-hour periods.

This remarkable growth in volume and market cap signals a strong investor confidence in PEPE.

The crypto community has shown increasing interest, as evidenced by the asset’s significant price movements and trading activity.

With PEPE now setting its sights on larger caps like Chainlink and Bitcoin Cash, market watchers are keenly observing its momentum for potential further climbs.

The community is buzzing with speculation about PEPE’s ability to continue this upward trajectory and challenge even more prominent cryptocurrencies in the rankings.