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Cryptocurrency News Articles
PEPE Coin (PEPE) Shows Ascending Triangle Pattern, Arthur Hayes' Move Boosts Potential Amid Market Rally
Sep 28, 2024 at 05:59 am
A recent analysis by the trader and analyst known as Bluntz reveals that Pepe Coin, an Ethereum-based memecoin, shows an ascending triangle pattern
A recent analysis by Bluntz reveals that Pepe Coin, an Ethereum-based memecoin, shows an ascending triangle pattern on the eight-hour chart. This pattern is typically bullish in the cryptocurrency market, suggesting potential upward movement in Pepe Coin’s price.
Bluntz also notes that Pepe Coin has successfully converted previous resistance levels into support. This change is significant as it often precedes price increases. The memecoin’s ability to maintain these support levels suggests a stable upward trajectory, contrasting its previous lag behind other memecoins.
Bluntz projects that Pepe Coin could see a 15% rise from its current price of $0.00000908. This potential increase follows a substantial gain of 937% from its February low of $0.000000875.
Bluntz's analysis is in line with the recent bullish trend in the cryptocurrency market, which has seen Bitcoin rise to $65,000. Meme cryptocurrencies, such as Pepe Coin, have been lagging behind in this rally, but Bluntz's analysis suggests that PEPE could be poised for a breakout.
As the crypto market continues its robust upward trend—underscored by Bitcoin’s rise to $65,000—PEPE Coin is well-positioned for potential breakthroughs at critical resistance levels. As market enthusiasm persists, this could lead to gains exceeding 90%.
Pepe Coin Surges, Hits Key Resistance Level: Bluntz Anticipates Potential 15% Increase
CoinChapter recently reported on Arthur Hayes highlighting PEPE among other meme cryptocurrencies. Notably, Hayes withdrew a substantial amount from Binance, piquing further investor interest.
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