The popular frog meme coin, Pepe (PEPE), is ready for its “Uptober” bull run.
The Pepe price is down by nearly 17% over the past week as part of the crypto market crash, currently trading at $0.0000095.
However, the cutting-edge Tom DeMark Indicator has given two back-to-back “buy” signals to PEPE in the daily timeframe, indicating strong buying pressure and the start of a new uptrend.
Indeed, the meme coin is approaching a key support level and could be poised for an upward reversal, particularly as the broader market outlook is expected to turn bullish in Q4.
Pepe’s rally is highly bullish for low-cap frog meme coin as well. Among them, the new Pepenode (PEPENODE) coin is gaining significant traction due to its mine-to-earn utility, with smart money investors calling it the next 100x crypto.
Pepe Price Prediction: Will PEPE Hit A New All-Time High In Q4?
Investors are closely watching for a breakout in Pepe, with the Tom DeMark Indicator signalling that a bullish reversal may be on the horizon.
The Tom DeMark (TD) Indicator is a popular technical analysis tool used to identify potential trend exhaustion and reversals. It tracks price patterns over a series of bars or candles, signalling when an asset may be overextended and due for a shift in direction.
Now, the TD indicator has given back-to-back “buy” signals to PEPE in the daily timeframe.
Popular analyst CryptoVoice also indicates that Pepe is approaching a key ascending support level, which could result in the “Uptober” rally.
Indeed, PEPE’s technical analysis in the weekly timeframe indicates that a new uptrend could be on the horizon.
In particular, a successful retest of the $0.00000875 weekly support could be an excellent buy signal for the sidelined investors.
Eventually, the bulls would need to flip the $0.000014 resistance level and the descending trendline, marked by yellow in the above price chart.
More savvy traders, especially those looking to open leveraged long positions, can monitor Pepe’s on-balance volume (OBV). A breakout in the OBV is another mega-bullish signal for any crypto asset.
Notably, Pepe remains an excellent beta bet on Ethereum. Despite the sharp sell-off in ETH, on-chain data analysis platforms like Lookonchain show that whales are accumulating heavily, indicating that they are optimistic regarding its Q4 prospects.
This is a decidedly bullish scenario for Pepe. If the crypto market does see a broader market rally in the fourth quarter, experts are predicting that the PEPE price will hit a new all-time high this year.
Smart Money Investors Call Pepenode The Next 100x Crypto
The recent bullish momentum in Pepe is expected to be highly supportive for smaller frog meme coins, particularly those that can combine strong narratives with fresh utility.
This trend has put Pepenode (PEPENODE) firmly in the spotlight. Already showing strength in its presale, the project has raised nearly $1.5 million as both whales and retailers rush to secure positions early.
What sets Pepenode apart is its pioneering mine-to-earn system, which gives holders the ability to put their tokens to work immediately. Investors can purchase virtual Miner Nodes, build server rooms, and upgrade facilities to generate rewards without needing GPUs, electricity, or any physical infrastructure.
Each upgrade also fuels a deflationary burn that permanently removes tokens from supply, creating scarcity that benefits long-term holders.
Unlike speculative meme coins that rely on hype alone, Pepenode delivers tangible rewards during the presale itself, including payouts not just in PEPENODE but also in popular meme coins such as Pepe and Fartcoin.
With PEPENODE at the core of the entire ecosystem, the new meme coin is in high demand, with smart money investors calling it the next 100x crypto.
Visit Pepenode Presale
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware that our commercial partners may use affiliate programs to generate revenue through the links on this article.