PEPE coin has finally met my price target of $0.00000106, which I forecasted weeks ago. In my previous analysis on the top memecoin, I mentioned the two critical levels on the chart. After years in this industry, it’s still incredible to see what two simple lines can tell about a chart.
In the past few weeks, the memecoins have experienced strong selling pressure. This can be attributed to the choppy price action of Bitcoin, which has been stuck in the same trading range for weeks. The latest analysis reveals that PEPE crypto is trying to flip bullish again.
PEPE Crypto Loses Its Hype
After the success and hype of PEPE, hundreds of new memcoins have launched in the past couple of months. This has diluted the market, and PEPE appears to be losing its market share to the new entrants. Nevertheless, the frog-themed coin still holds a market capitalization of $523 million.
On Thursday, the PEPE coin price rose 0.81% after experiencing a bearish sentiment in its previous trading session. At the time of writing, the digital asset was changing hands at $0.00000125, 3.96% below its weekly high.
PEPE Coin Price Prediction
On Monday, PEPE retested the $0.00000105 level, which I had been mentioning for ages. Many people laughed at me when I initially talked about this retest. Since hitting this level, the price has shown a strong rebound, making a higher high on the 4H chart.
If the $0.00000105 level holds PEPE coin price prediction can flip bullish once again. The first possible target for the bulls could be the July high of $0.00000189, which is 55% above the current price. The invalidation of this setup would be a 4H close below the $0.00000105 level.
I’ll keep posting my updated PEPE price analysis and upcoming 1000x gems on my Twitter, where you are welcome to follow me.
