PEPE coin shows bullish momentum, holding strong above its 100-day moving average.
Analysts project potential gains targeting $0.000035 and $0.000060, with comparisons to DOGE and SHIB’s 2021 market caps. Strong trends and market sentiment fuel optimism for significant growth.
Experts link PEPE Coin Growth Potential to DOGE and SHIB 2021 Market Caps
Fibonacci-styled bands and previous resistance levels indicated PEPE coin traders see potential for continued upward movement to $0.000035 and $0.000060.
Currently trading around $0.000001675, PEPE is still drawing the attention of investors who believe it can scale.
Experts in the market refer to the 2021 market caps of DOGE and SHIB as possible targets for PEPE.
The results of these past meme-based cryptos are a sign that there is a lot of room for PEPE to grow its market cap.
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In favorable market conditions, PEPE could experience the same journey as these tokens and hit similar milestones.
Another way to prove that the trend is bullish is the established uptrend, one with higher highs and higher lows.
PEPE Growth Deviation from Bitcoin Suggests the Coin will Quadruple
PEPE coin price versus Bitcoin also showed promising patterns of growth deviation suggesting a potential rally of 4x.
The current deviation levels were similar to one observed during April 2024, before the huge rally.
This historical pattern elicited optimism that another significant rally was coming.
PEPE may rise to $0.000060 intersecting both psychological and technical resistance levels. DOGE and SHIB market caps in 2021 act as moorings of PEPE’s exponential growth potential.
The targets also confirmed increasing investor speculation that PEPE could duplicate the success of other meme coins.
The analysis is further reinforced through moments of deviation between PEPE and Bitcoin.For example, April 2024 featured very low deviation preceding a sharp rise.
Strong market sentiment and technical trends, according to analysts, could see history repeat.
Cyclical RSI trends align with PEPE’s stabilization and rally patterns
Analyst Chandler Bing showed off PEPE’s price movement with RSI-colored candles. The momentum oscillator RSI, identified overbought and oversold conditions.
PEPE saw a local bottom where buyers could enter the market on the oversold levels. On the other hand, the peak indicated an overbought condition, suggesting potential price correction or consolidation.
Looking at the chart, it was clear that PEPE coin has fallen into consolidation patterns following red candles time and time again, while gradual upward momentum has followed blue candles.
Because RSI is cyclical, this behavior matched the predictive nature of the same and provides an idea that gives information on stabilization zones and rallies to come.
In addition to the immediate history of the market, Chandler highlighted the bigger historical context of the performance with notable milestones like the 2021 market caps of DOGE and SHIB.
These references showed what PEPE could look like trajectory-wise and ambitions to follow in these similar exponential growth patterns.
