- A technical analyst spotted bullish signals on PEPE, ARB, and FET.
- PEPE, ARB, and FET prepare to break out of current chart formations.
- The analyst predicts significant returns for the altcoins in Q4.
A technical analyst on X has spotted bullish signals on Pepe (PEPE), Arbitrum (ARB), and Artificial Superintelligence Alliance (FET), predicting significant rallies for the altcoins in the coming months.
The analyst believes PEPE is ready for an upside breakout that would deliver a 300% return, while ARB and FET could follow with at least 200% profit in Q4 2024.
PEPE’s Bullish Symmetrical Triangle
The analyst’s assessment of PEPE highlights the memecoin’s consolidation within a bullish symmetrical triangle. This six-month-long sideways movement has evolved into a promising pattern. With PEPE’s price nearing the triangle’s apex and bouncing off the lower trendline, a rally appears imminent.
Read also: PEPE Trading Volume Surpasses DOGE, SHIB: Market Analysis
It is worth noting that PEPE’s historical pattern comprises rallies and sideways consolidation. Hence, using the memecoin’s price consistency, the analyst projected PEPE’s next target to be around $0.00003383, reflecting an approximately 350% surge from the altcoin’s current price.
ARB and FET’s Bullish Flag Patterns
Meanwhile, the technical analyst spotted a bullish flag pattern on ARB, with the downward pressure nearing exhaustion. An exhaustive bullish flag pattern signals a potential breakout for a sustainable rally during a bull run. The analyst’s post shows how ARB’s price consolidated since the beginning of 2024.
The expert predicts ARB will break out of the falling channel and surge upward. He believes this breakout could propel the layer-2 altcoin towards $0.8186, nearly a 200% increase from its current price of $0.5255.
Read also: Arbitrum (ARB) Price Prediction 2024-2030: Will ARB Price Hit $5 Soon?
In the meantime, FET, the native token of the Artificial Superintelligence Alliance blockchain solution, is showing signs of joining the crypto rally train. The AI-based crypto’s trend pattern resembles that of ARB, with the formation of a bullish flag. However, in FET’s situation, there is visible momentum in the price action as the token’s price pushes towards resistance.
The analyst predicts FET will break above the resistance and surge to $3.90 in Q4. Achieving that target will amount to over 200% profitability for FET, considering its $1.26 price at the time of the analysis. Meanwhile, the analyst predicts a profitable period for PEPE, ARB, and FET.
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Source: https://coinedition.com/crypto-analyst-sees-big-gains-for-pepe-arb-and-fet/