Is a 10x Rally on the Horizon?

Reclaiming the psychological mark of $0.10, the PEPE Price is ready for a bullish comeback. The meme coin is one of the top-performing tokens in the current bull market and has increased by nearly 8% in the past 24 hours. 

With a market cap of $4.31 million, the massive upside potential for the meme coin makes it a lucrative buying option in the current market conditions. So, should you buy PEPE with the potential price target of a 10x rally? Let’s find out in Coinpedia’s latest PEPE Price Analysis. 

PEPE Price Performance

In the weekly chart, the PEPE Prize action is on the words of giving a bullish flag pattern record. The pole part of the bullish flag was formed during the early 2020 bull run, which peaked in May at an all-time high of $0.00001722. 

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Following the all-time high, the PEPE Price is now in a falling channel pattern. However, given the recent broader market recovery following Donald Trump’s win in the US presidential elections, PEPE is ready for a bullish comeback. 

With a 25% surge this week, the meme coin has crossed above the $0.000010 mark and is teetering a bullish flag channel breakout rally. As the bullish chances of a breakout rally grow, the MACD and signal lines prepare for a positive crossover. 

What are PEPE 10x Rally Chances?

The last positive crossover in the weekly MACD indicator happened during the early 2024 bull run, accounting for nearly a 1000% jump. Based on the recent days of the trend-based Fibonacci regression levels over the bullish flag pattern, the uptrend is heading to challenge the 23.60% Fibonacci level at $0.00001171. 

Hence, PEPE is one of the crypto market’s best-buying meme coin opportunities with massive upside potential.

Find out more in our PEPE price prediction for the upcoming year’s price targets. 

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