Pepe Coin (PEPE) Poised for Strong Surge, May Retrace Bitcoin's 2023 Rally
Pepe bulls may at last breathe; Its multi-month decline appears to be ending. The PEPE price chart simply indicates that momentum is turning from
Pepe Coin price has been rising recently and some analysts expect further increases in the coming days.
PEPE price started to decline after reaching its all-time high (ATH) in May and dropped to $0.000006188 on August 6. It has slowly risen since then and is currently trading at $0.000008942. PEPE price, still around 47% below its ATH, could make big gains in the short term if the momentum continues.
Cryptocurrency trader Bluntz, who accurately predicted market movements in 2024, claims that PEPE will experience another strong increase in the coming days. Bluntz compares the technical outlook for PEPE price to BTC price action in early 2023, when Bitcoin (BTC) traded near $16,000 and then reached an all-time high. Explaining this moment of deja vu, Bluntz suggests that PEPE will experience a significant breakout in the coming days, similar to BTC's recent price movement. Another well-known crypto analyst, Kaptan Faibik, also supports Bluntz's analysis, predicting that PEPE will rise significantly in September.
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