Pepe Coin (PEPE) price, a popular meme coin, is drawing increased attention as the cryptocurrency market braces for a potential altcoin surge. Recent PEPE price movements suggest a possible bullish trend, sparking speculation of a significant upward rally. Analysts are now eyeing an impressive potential gain, with forecasts indicating a surge of up to 900% for the meme coin.
Analyst Forecasts Pepe Coin Price Rally Next After Doge
Crypto analyst shared an X post providing the latest prediction on Pepe Coin price, stating it could follow Dogecoin in its price rally. The post highlighted PEPE’s extended consolidation period and noted that DOGE, a leading meme coin, has already started its upward move.
The analyst pointed out that the token long consolidation phase sets it up for a significant breakout, suggesting the meme coin may experience a similar trend. A forecasted price surge of nearly 900% aligns crypto assets for a potential bullish rally soon. The DOGE price has risen by 10% in the past 24 hours and 15% in the past week. At the time of this report, the current Dogecoin price is trading at $0.1256.
PEPE Whale Activity and Accumulation Signals Rally
PEPE’s on-chain data shows increasing activity among key holders, hinting at potential accumulation. Active addresses and whale transaction counts have surged, reflecting renewed interest in the token.
As the price shows signs of stabilizing, the rise in whale transactions (>100k USD) suggests that significant investors are positioning themselves for a potential upward trend.
Despite the recent correction, the drop in supply held on exchanges implies reduced selling pressure. Coupled with the spike in whale activity, these metrics could support a future rally, demonstrating confidence among larger investors. With institutional interest and active addresses rising, the Pepe Coin price might experience a notable rebound soon.
Pepe Price Analysis: Will the Rally Sustain?
The meme-based coin has seen a strong surge of 11% in the past week and 45% in the past month. As of the reporting time, the latest PEPE coin value is trading at $0.000001041, marking a slight 1.07% decrease for the day. This price correction comes after an earlier upward spike, which saw significant fluctuations during the 24 hours.
The Pepe Coin price is experiencing a notable price surge. If the current momentum continues and critical resistance levels hold, PEPE could reach price targets between $0.000015 and $0.00002 soon.
Analysts anticipate a significant rally for the frog-based crypto, driven by whale accumulation and rising interest, with forecasts predicting a 900% price surge. If current momentum continues, PEPE could hit new price targets in the near future.
Frequently Asked Questions (FAQs)
Analysts predict a potential 900% price surge following Dogecoin’s recent rally.
Whale accumulation, rising interest, and long consolidation signal a potential breakout.
If the rally continues, PEPE could reach between $0.000015 and $0.00002.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/analyst-forecast-900-rally-for-pepe-coin-price-after-doge-pumps/
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