pepe coin: Analysts Predict a 61% Rally as Bullish Breakout Looms
As the pepe coin (pepe) price consolidates below $0.0000080, analysts are starting to predict that a bullish breakout could be around the corner, with some going as far as predicting a 61% rally back to July highs at $0.000013.
For now, the pepe coin price remains stuck in a downtrend since its May peak. It also recently fell below its 200DMA, which was last at $0.0000085 and acting as resistance. However, the bears shouldn’t declare victory.
Fed Chair Jerome Powell is expected to give the green light for a series of interest rate cuts tomorrow. Lower US interest rates mean better liquidity conditions are around the corner. And as that new liquidity starts to flow, it often looks for a home in riskier assets. That could be the trigger for a new meme coin season. And, as a leading meme coin, pepe coin is perfectly positioned to benefit.
pepe coin Breakout Around the Corner?
A retest of the upper bounds of the current downtrend in the $0.000011 area could be coming soon. And a break above here would set up an imminent retest of the July highs around $0.000013. That would mark a 61% pump from current levels.
But don’t expect a liquidity-fueled meme coin rally to stop there. pepe coin and other major meme coins could quickly surge to fresh record highs, even going as far as 2-3x above their record price. pepe coin is certainly one of the best cryptos to buy now, although meme coins are not for the faint-hearted.
Exciting New pepe Alternative to Consider
pepe coin has a lot of upside potential. Perhaps as much as 10x. But some meme coin investors are hunting bigger returns. Indeed, many are looking for that rags-to-riches 100x investment. A new pepe coin alternative called pepe Unchained (PEPU) could be just the ticket.
pepe Unchained is a new ethereum layer-2 protocol that is currently in a presale, having already raised nearly $10 million. Here’s why analysts at Cryptonews.com rate it as one of their best presale picks.
