Closely aligning with broader market trends, PEPE has seen strong market growth, with its prices suggesting a bullish shift. This has raised expectations of a significant uptrend, with analysts predicting a 200% increase. Indeed, its technical indicators are showing signs of a potential breakout. Crypto analyst World of Graphics indicated that the meme coin successfully created a bullish pennant pattern.
It has stabilized in a narrow range, possibly creating an entry point for investors. If the token breaks out of this pattern, it could signal a strong rally, propelling it towards parabolic runs. Despite the recent growth of the PEPE token, it has remained approximately 30% below its all-time high of $0.00001718 in May 2024.
Can PEPE price reach $0.00002 in Q4?
The Ethereum-based meme coin has seen impressive growth, rising 48% over the past seven days and 22% over the past month. This bullish momentum has generated considerable interest as analysts predict PEPE price to reach new targets between $0.000015 and $0.00002, if the meme token maintains its critical resistance levels. Pepe Coin daily technical indicators suggest that the meme token still holds promising momentum over the past few trading sessions.
Its Moving Average Convergence Divergence (MACD) has become an uptrend, moving above its signal line. This reflects increased buying pressure and possible upward movement. However, any slight volatility around the histogram could trigger a pullback, warning traders to remain cautious. Notably, Pepe’s Relative Strength Index is around 70, suggesting that the token may be overbought.
Additionally, Pepe whale activities have increased, as evidenced by an increase in transactions of over $100,000. The recent resumption of large transactions coincides with the slight recovery in the token’s price. Many analysts suggest that this increased involvement of whales could indicate renewed interest and potential volatility for the Pepe Coin market trajectory. As such, Pepe Coin signals strong breakout potential. Analysts are optimistic about significant gains if this trend continues.
PEPE price has reached new heights due to its excellent social media support, rapidly expanding community and guesswork. It has therefore become the next cryptocurrency to produce millionaires in a short period of time, and Lunex Network (LNEX), whose real value far exceeds the meme coin frenzy, could follow in the footsteps of Pepe Coin to generate the next wave of millionaires.
Unlike Pepe Coin, which relies on hype, Lunex offers a comprehensive platform where crypto enthusiasts trade, store, and fund their tokens in one place, making DeFi relatively easier. The platform aims to improve user experience like never before, offering top-notch features to those who subscribe to Lunex Pro. Additionally, its holders will benefit from discounts on every transaction, encouraging token usage and also increasing its user base.
Lunex is about to enter the DeFi market, and is expected to explode at $450 billion by 2032. Capturing even a small share of this market could lead to an impressive increase in its valuation. So far, Lunex is available at $0.0021, a jump of over 66% from its initial offering of $0.0012. The project also raised over $2.1 million as investors remained bullish on the token.
You can find more information about the Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Social networks: https://linktr.ee/lunexnetwork