PEPE Pattern Analysis: An Expert Opinion

Right now, PEPE is the top trending cryptocurrency, with a 24-hour change of 11.8%. In the last seven-days, it has seen a rise of over 25.2%.

Pepe coin, also known as $PEPE, has been trending at the top of the list for quite some time now. In the last 24 hours, it has seen a rise of 11.8%. Moreover, if we look at the changes in the last seven days, it has seen a rise of 25.2%. This has grabbed the attention of many crypto enthusiasts and trading experts.

One of the crypto trading experts, who goes by the name Captain Faibik, recently made a statement in X, where he discussed a technical observation he had made. He went on to explain the technical pattern he had observed in the Pepe chart. According to him, the triangle pattern that he had observed in the Pepe chart would be a positive sign. He concluded his statement with a prediction of a bullish outbreak in the Pepe market next month.

" $PEPE is still moving within the Triangle, and I'm Expecting a Bullish Rally in September."#Crypto $PEPE $PEPEUSDT

As we all know, a triangle pattern is a chart pattern in cryptocurrency technical analysis where the price of an asset is converging between two trendlines. If such a pattern is formed, there is nothing wrong in expecting a breakout. Importantly, this pattern does not assure a positive breakout, but in this situation, considering that the general trend is favorable, it is sensible to expect a positive breakout.

Now, let's have a look at the Meme Coin market as a whole. The current total market cap of Meme Coins is $46 Billion. In the last 24 hours, it has recorded a positive change of over 11.2%.

Coming to the top five Meme Coins based on market cap, they are Dogecoin, Shiba Inu, Pepe, digwifhat and Bonk. Interestingly, all the five top Meme Coins have shown positive performance in the recent past.

Dogwifhat is the Meme Coin that has seen the highest change in the last 24 hours. It has marked a change of 13.0%. Pepe has closely followed with over 11% change. Bonk, Shiba Inu and Dogecoin have reported 7.8%, 6.0% and 5.2% change respectively.

None of these top Meme Coins has shown a negative change in the last seven days, though almost all of them have displayed a negative change in the last 30-days. Dogwifhat, with 31.1% change, and Pepe, wth 25.2% change, has become the top two Meme Coins about the top five, on the basis of the highest change reported in the last scene days. Bonk, with 17.1%, Shiba Inu, with 14.7%, and Dogecoin, with 11.5%, have followed closely.

In conclusion, the hope of the expert that the Pepe market may witness a bullish breakout in September is sensible, considering the overall trend of the Meme Coin market, which has shown a strong positive change in the recent past.

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