Amidst the broader market recovery, the bull run in PEPE price is moving at a breakneck speed. With two incredibly bullish days, the meme coin is trading at all-time high levels and teasing an uptrend in the coming days.
As it is based on the Ethereum chain, will the bull run with Ethereum ETF provide additional momentum to PEPE? Will PEPE continue to spearhead the rally and give 100x gains in 2024? Find out more in our PEPE price prediction.
With a falling channel breakout, the PEPE price uptrend continues to gain momentum. The constant rise in demand fuels the rally above the $0.000010 psychological mark and displays a successful post-retest jump of a rounding bottom break.
Amidst the broader market recovery, with a successful retest, the PEPE price has surged 50% within 48 hours. This bull run creates two consecutive bullish engulfing candles and challenges the $0.000015 barrier.
Currently, the PEPE price trades at $0.0000137 as it stagnates near an all-time high, with the Ethereum rally taking a pause. Considering that the Ethereum ETF will get approval this Thursday, the bull run in this meme coin will continue with increased momentum.
Technical Indicators:
MACD: The bullish trend in the MACD and signal lines sustain the positive rally, reflecting an increase in underlying demand.
DMI: The VI lines sustain a positive track, with the ADX line growing strong, bolstering a high-momentum bull run.
With the massive uptrend in motion, the PEPE price shows hardly any weakness in the bull run. Further, as 2024 shapes up for an extremely bullish second half, the 100x rally becomes a possibility for this meme coin.
In the short-term, the PEPE price could reach the $0.000019 mark if it sustains above $0.000014 today. Beyond this, the $0.00002782 is a viable target at the 2.618 Fibonacci level.
Also Check Out : First Mover Asia: PEPE & FLOKI Lead the Rally, While Others Follow; Has the Memecoin Mania Began?
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