PEPE Coin Price Prediction Has Finally Flipped Bullish
PEPE coin price has finally joined the crypto rally of this fall as investor interest in the memecoins is picking up once again. The cryptocurrency has broken above a key level on the chart. Consequently, bulls are eyeing ridiculously high price targets.
While an exponential surge in PEPE price is highly unlikely as it already holds a market capitalization of $0.56 billion. This insane valuation makes a significant upside for the memecoin very hard. However, history tells us that nothing is impossible in the realm of cryptocurrencies.
On Friday, PEPE price dipped 0.75% amid a very volatile day in the cryptocurrencies. Furthermore, the memecoin experienced a daily trading volume of $176 million on the last trading day of the week which shows strong participation by the traders.
On a weekly timeframe, PEPE crypto is up 18.75% since the start of this week and the outlook is looking very bullish for the frog-themed coin. Technical analysis shows that the bulls need to hold just a single level on the chart and the fireworks may follow.
PEPE Coin Price Prediction
I have repeatedly mentioned the critical price level of $0.00000106 on the PEPE To USD chart. After acting as a huge resistance in the past few months, this level has now been reclaimed on the high timeframe due to which PEPE coin price is looking extremely bullish.
In such cases, the price usually targets the middle and high of the trading range which lies at $0.00000148 and $0.00000190 respectively. Currently, the price is facing resistance from the middle of the trading range but things may change soon if the market sentiment remains positive.