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Pepe Coin

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<p>XForceGlobal, a top crypto analyst, <a href="https://x.com/XForceGlobal/status/1792172284435931562" target="_blank" rel="noopener noreferrer nofollow">has shared a macro analysis on PEPE</a> memecoin. In a tweet, XForceGlobal discussed two potential scenarios for the coin’s future performance. The analyst begins by stating that they have exited their position in $PEPE, despite seeing some potential for further upside.&nbsp;</p>
<p>Notably, XForceGlobal’s position yielded a 197% gain from the wave 4/B bottom potential at the 0.618 Fibonacci level. However, the analyst suggests that a rational approach would be to consider a pullback to sustain the bull market.</p>
<h2 class="wp-block-heading" id="strong-wave-5-completion-in-pepe-meme-coin-price-performance-strong"><strong>Wave 5 Completion in PEPE Meme Coin Price Performance</strong></h2>
<p>According to XForceGlobal, if wave 5 is complete, a substantial correction for wave 2 could be on the horizon. Given the 1,600% move in the past year, a 50-80% correction is possible. Nonetheless, the analyst emphasizes that the bottom of the eventual wave 2 would be extremely bullish if the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoin" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> ecosystem persists.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="714" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-1024x714.png" alt="" class="wp-image-493575" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-1024x714.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-300x209.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-768x535.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-1536x1070.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-2048x1427.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-215x150.png 215w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-100x70.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-502x350.png 502w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-584-788x549.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-584.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="strong-pepe-s-flat-idea-suggesting-continued-development-strong"><strong>PEPE’s Flat Idea Suggesting Continued Development</strong></h2>
<p>The second scenario proposed by XForceGlobal is that wave 4 is still unfolding on the primary degree (in yellow). This could mean either a rare wave 4 as a running variation or a deeper C wave that breaches the previous wave A to complete the expanded variation. However, the analyst notes that the size comparison of waves 1-2 and 3-4 downgrades this idea to an alternative scenario.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="714" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-1024x714.png" alt="" class="wp-image-493583" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-1024x714.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-300x209.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-768x535.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-1536x1070.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-2048x1427.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-215x150.png 215w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-100x70.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-502x350.png 502w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-585-788x549.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-585.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Despite both scenarios suggesting an eventual pullback, XForceGlobal highlights that the markets do not seem interested in $PEPE creating a new all-time high. Moreover, the analyst acknowledges the possibility of being wrong but maintains a rational stance.</p>
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<p><em><strong>Read also</strong></em><strong><em>: </em></strong><a href="https://captainaltcoin.com/is-now-a-good-time-to-buy-altcoins-why-this-analyst-is-bullish-on-alts-arweave-ar-solana-sol-ondo-and-pepe-in-focus/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Is Now a Good Time to Buy Altcoins? Why Analyst is Bullish on Alts: Arweave ($AR), Solana ($SOL), ONDO and PEPE in Focus</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-future-outlook-on-pepe-strong"><strong>Future Outlook on Pepe&nbsp;</strong></h2>
<p>The macro analysis by XForceGlobal provides insights into the possible future performance of Pepe Coin ($PEPE). The first scenario proposes that if wave 5 is complete, a substantial 50-80% correction for wave 2 could occur, following the 1,600% move in the past year.&nbsp;</p>
<p>Moreover, the second scenario suggests wave 4 may still be unfolding, either as a rare running variation or a deeper C wave breaching the previous wave A. Despite the eventual pullback indicated in both scenarios, XForceGlobal acknowledges the markets’ lack of interest in PEPE creating a new ATH and the potential for being wrong while maintaining a rational stance.</p>
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<p>The post <a href="https://captainaltcoin.com/pepe-meme-coin-price-prediction-is-a-50-80-correction-or-new-ath-on-the-horizon/" rel="noopener noreferrer nofollow">PEPE Meme Coin Price Prediction: Is a 50-80% Correction or New ATH on the Horizon?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

PEPE Meme Coin Price Prediction: Is a 50-80% Correction or New ATH on the Horizon?

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