- A trader identifies patterns in Pepe Coin similar to Bitcoin’s previous surge, indicating potential for significant growth.
- Meme tokens like PEPE and POPCAT show promising trends, sparking excitement and speculation within the crypto community.
In an analysis, notable trader Bluntz highlighted the latest performance of the meme token Pepe Coin (PEPE), indicating that it has the potential for a substantial increase. Bluntz, who uploaded a chart on social media X, said monitoring PEPE’s pricing and volume trends gave him a sense of deja vu.
took one look at $PEPE this morning and had deja vu like i’d seen this before.
i had and it was btc at the 16k cycle bottom lows pic.twitter.com/TZFQt9qgfz
— Bluntz (@Bluntz_Capital) August 24, 2024
Pepe Coin Shows Potential for Growth with Bitcoin-Like Patterns
He continued by pointing out how similar these patterns are to those that Bitcoin established in early 2023, when its price was hovering around $16,000 during the bottom lows cycle. Back then, Bitcoin’s price surged after forming similar patterns, indicating an unstoppable rally that led to the present high price levels.
Bluntz’s view shows that Pepe Coin could increase, potentially establishing its present price level as a bottom. PEPE is currently trading at $0,000008998, down 1.38% over the last 24 hours. This slump comes after the market’s recent short-term surge.
Meanwhile, CNF previously reported the success of another memecoin competitor, POPCAT. POPCAT just rose to the top of the gainers list, increasing by more than 28% in just 24 hours. Popular analysts say that this cat-themed cryptocurrency could rise to $2 after a minor correction from its recent run.
The possible parallels between PEPE and Bitcoin’s past performance have sparked interest among the crypto community. Many people believe that PEPE is about to make a breakthrough comparable to Bitcoin’s recent run as a result of Bluntz’s analysis and historical patterns.
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