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World

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PEPE

Traders are becoming drawn to the meme-inspired crypto PEPE, after a technical study by the famous crypto expert World Of Charts shows it has some surprises under its sleeves. 
As shown on X, PEPE is forming a positive pennant, which is a common technical sign for big price increases. According to World of Charts, the price of the meme coin could go up by 25 to 30%. 
Converging trendlines following a significant price gain, commonly called the flagpole, constitute the bullish pennant, which often indicates a halt before the market continues its upward trajectory. 
Pointing out a successful break from this pennant, World of Charts indicated a significant PEPE momentum. This breakout represents a turning point when the token breaks free from the consolidation period inside the convergent trendlines. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/search?q=%24Pepe&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$Pepe</a> 
 Breaking Bullish Pennant Successful Breakout Can Lead 25-30% Bullish Wave <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Pepe?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Pepe</a> <a href="https://t.co/o2Z9G6nWRV" rel="nofollow">pic.twitter.com/o2Z9G6nWRV</a> 
 — World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1815885909600133269?ref_src=twsrc%5Etfw" rel="nofollow">July 23, 2024</a>
</blockquote> 
<a href="https://www.coingecko.com/en/coins/pepe" target="_blank" rel="noopener nofollow">PEPE</a> was trading at $0.00001263 at the time of writing, suggesting a 4.60% increase; forecasts show a probable climb to $0.00001600, therefore reflecting a possible jump of up to 27%. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-631356" src="https://www.newsbtc.com/wp-content/uploads/2024/07/a_d1990c.png?resize=1024%2C473" alt="" width="1024" height="473" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/a_d1990c.png?resize=1024%2C473?w=1049 1049w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_d1990c.png?resize=1024%2C473?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_d1990c.png?resize=1024%2C473?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_d1990c.png?resize=1024%2C473?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_d1990c.png?resize=1024%2C473?w=750 750w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
<h2 id="strong-technical-indicators-display-positive-sentiment-strong">Technical Indicators Display Positive Sentiment</h2> 
For PEPE, the technical signals a cautiously hopeful picture. Now showing a positive trend, the token is trading above both its 50 EMA ($0.000011) and 100 EMA ($0.00001029). At $0.00001288, it immediately encounters opposition nevertheless. 
A good breakthrough of this level may drive PEPE towards all-time highs. On the other hand, should PEPE lose its present momentum and below the 50 and 100 EMAs, prices would perhaps drop to the support level of $0.00000842. 
<img loading="lazy" decoding="async" class="size-full" src="https://www.tradingview.com/x/caQrCX5l/" width="1835" height="883"> 
Currently at 56.16, the Relative Strength Index (RSI) points to a neutral to somewhat positive attitude lingering over the middle. 
<h2 id="strong-forecast-highlights-long-term-possibilities-strong">Forecast Highlights Long-Term Possibilities</h2> 
Over the next seven days, an upswing is expected, thereby reflecting a positive short-term momentum for PEPE. The asset is selling at 228% below its expected value right now, implying notable undervaluation. 
For traders hoping to profit on the anticipated price movement, this gap offers a solid buy possibility. Technical signs pointing to rising purchasing pressure and market bullish mood line up with the expected upswing. 
<img loading="lazy" decoding="async" class="wp-image-631358 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/a_907f9a.png?resize=1024%2C356" alt="" width="1024" height="356" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/a_907f9a.png?resize=1024%2C356?w=1364 1364w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_907f9a.png?resize=1024%2C356?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_907f9a.png?resize=1024%2C356?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_907f9a.png?resize=1024%2C356?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_907f9a.png?resize=1024%2C356?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_907f9a.png?resize=1024%2C356?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
Reflecting considerable medium-term promise, PEPE’s price is expected to rise by 245% over the next three months in the mid to long term. With a <a href="https://coincheckup.com/coins/pepe-token/predictions" target="_blank" rel="noopener nofollow">predicted rise of 180%</a> in six months, this growth trajectory keeps on, therefore supporting the asset’s great upward momentum. 
Based on a one-year projection, which indicates 166% increase showing long-term value appreciation and continuous optimistic attitude. These forecasts imply that PEPE is likely to show notable increases, so it appeals to both long-term and short-term investors. 
Featured image from X/@Aatroxcarry, chart from TradingView

Will PEPE Climb 30% This Week? This Analyst Thinks So

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