The pepe structure similar to the bull cycle of Dogecoin 2021, explains the analyst who sees the “unlimited” potential of the crypto on the theme of the frogs

A widely followed cryptocurrency commentator has made a daring prediction on the potential of the token on the theme of the frogs Pepper PEPE / USD on Sunday, comparison its structure to that of Mastiff DOGE / USD During the Haussier market of 2021.

What happened:: Iyx, Known to study the models of graphics of popular coins, said that the potential of the next Pepe movement is “unlimited”, reflecting a parallel with the explosive evaluation of Dogecoin to an evaluation of the $ 90 billion market in 2021 .

The commentator said Bitcoin reaching $ 150,000 would infuse significant liquidity on the market, allowing “massive” pumps for peak parts like Pepe.

“Pepe could be the first to reach an evaluation of $ 100 billion on its first cycle,” projected Iyx.

Meanwhile, another well -known analyst Max SchwartzmanShared a graphic of personalized pairs for Pepe, correlating the accumulation of the part with its price action.

The analysis indicated a negative relationship between the accumulation by whales and the price. This meant that large investors stained Pepe aggressively stored, while retail investors sold the tokens.

See also:: Bitcoin ‘Early in Bull Market, can compete with Gold Etf, says the CEO of Blockstream

Why it matters: Bullish expectations come in the middle of the corrective phase of Pepe, which saw the Ethereum ETH / USD-The coins based on almost 40% in a month.

The power indicator of Bull Bear of Pepe, which measures the strength of buyers and sellers on the market, was “neutral” to date, while the momentum, which compares the short -term price and the long -term prices, has lit a signal “sale”, according to has TradingView.

In the past 24 hours, the Pepe balance held by long -term holders increased by 0.04%, according to In Intotheblock, indicating accumulation.

Action: At the time of writing writing, Pepe exchanged hands at $ 0.00,0009025, down 5.45% in the past 24 hours, according to Benzinga Pro data.

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Non-liability clause: This content was partially produced with the help of Benzinga Neuro and was examined and published by the publishers of Benzinga.