Pepe

Bifrost

Polkadot

Dogecoin

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 <p class="paragraph">Although many assets in the cryptocurrency market are slowing down their previously attained gains, some of them are poised for <a rel="noopener noreferrer nofollow" title="bullish" href="https://thebittimes.com/tag/bullish.html">bullish</a> <a rel="noopener noreferrer nofollow" title="breakout" href="https://thebittimes.com/tag/breakout.html">breakout</a>s, including Pepe (PEPE), one of the most popular competitors of another meme-based token, Dogecoin (DOGE).</p>
 <p class="paragraph">Specifically, Pepe seems to be preparing for a massive move upwards, which could see it surpass the first significant resistance level at $0.00000166, after which $0.00000274 could be the next step, according to the observations shared by crypto trading expert Ali Martinez in an X post on February 23.</p>
 <figure class="wp-block-image"><img decoding="async" width="900" height="606" src="https://cdn.thebittimes.com/images/2024/02/23/9c07be037b181333602cfc3b5987ec26.webp" alt class="wp-image-156888" srcset="https://cdn.thebittimes.com/images/2024/02/23/9c07be037b181333602cfc3b5987ec26.webp 900w, https://cdn.thebittimes.com/images/2024/02/23/9c07be037b181333602cfc3b5987ec26.webp 300w, https://cdn.thebittimes.com/images/2024/02/23/9c07be037b181333602cfc3b5987ec26.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>Pepe price action analysis and prediction. Source: Ali Martinez</em>
  </figcaption>
 </figure>
 <p class="paragraph">As it happens, the crypto expert’s most recent expectations arrive not long after he highlighted on February 10 that Pepe was showing signs of forming the right shoulder of a head-and-shoulders pattern on its 3-day chart alongside the TD Sequential indicator flashing a ‘buy’ signal within the same timeframe.</p>
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 <p class="paragraph">Indeed, the TD Sequential, which generally points to potential trend reversals and continuation chart patterns, in this case, demonstrated a very positive signal for Pepe, suggesting it could trigger a <a rel="noopener noreferrer nofollow" title="bullish" href="https://thebittimes.com/tag/bullish.html">bullish</a> impulse for the famous meme crypto asset – which has proven correct.</p>
 <h2 class="wp-block-heading" id="h-pepe-price-analysis">Pepe price analysis</h2>
 <p class="paragraph">At press time, Pepe was changing hands at the price of $0.00000125, suggesting an increase of 3.31% in the last 24 hours, gaining 0.8% across the previous seven days, as well as advancing 21.15% on its monthly chart, according to the latest data retrieved by Finbold.</p>
 <figure class="wp-block-image"><img decoding="async" width="872" height="382" src="https://cdn.thebittimes.com/images/2024/02/23/28662f3ad118c1acd0d776f827182c54.webp" alt class="wp-image-156890" srcset="https://cdn.thebittimes.com/images/2024/02/23/28662f3ad118c1acd0d776f827182c54.webp 872w, https://cdn.thebittimes.com/images/2024/02/23/28662f3ad118c1acd0d776f827182c54.webp 300w, https://cdn.thebittimes.com/images/2024/02/23/28662f3ad118c1acd0d776f827182c54.webp 768w" sizes="(max-width: 872px) 100vw, 872px">
  <figcaption class="wp-element-caption"><em>Pepe 30-day price chart. Source: </em><em>TradingVie</em><em>w</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, should Martinez’s forecasts regarding Pepe materialize, they would indicate an increase of a massive 32.8% for the first leg up, followed by an even more impressive advance of 119.2% from where its price stood at the time of publication on February 23.</p>
 <h2 class="wp-block-heading" id="h-meme-coin-frenzy">Meme coin frenzy?</h2>
 <p class="paragraph">Meanwhile, Pepe’s largest rival, Dogecoin, also seems to be on the verge of a bullish breakout itself, as it has broken out of a descending triangle pattern and entered a consolidation phase, in a similar behavior from 2020 that culminated with a 28,770% rally, as Martinez recently pointed out.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="900" height="606" src="https://cdn.thebittimes.com/images/2024/02/23/7fc34885749ed4c14bc5ae63542d9476.webp" alt class="wp-image-156889" srcset="https://cdn.thebittimes.com/images/2024/02/23/7fc34885749ed4c14bc5ae63542d9476.webp 900w, https://cdn.thebittimes.com/images/2024/02/23/7fc34885749ed4c14bc5ae63542d9476.webp 300w, https://cdn.thebittimes.com/images/2024/02/23/7fc34885749ed4c14bc5ae63542d9476.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>Dogecoin price action analysis and prediction. Source: </em><em>Ali Martine</em><em>z</em>
  </figcaption>
 </figure>
 <p class="paragraph">Considering the <a rel="noopener noreferrer nofollow" title="bullish" href="https://thebittimes.com/tag/bullish.html">bullish</a> signs coming from both Dogecoin and Pepe, it looks like the crypto market could be entering a revived meme coin frenzy season, with massive rallies awaiting.&nbsp;However, caution and in-depth risk <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> are necessary when investing a significant amount of money in any asset.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dogecoin-competitor-threatens-100-bullish-breakout-tbt80640.html">https://thebittimes.com/dogecoin-competitor-threatens-100-bullish-breakout-tbt80640.html</a></p>

Dogecoin competitor threatens 100% bullish breakout

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