PepeCoin

PEPE continues to show promising progress despite a recent retracement, which many view as a healthy pause in its upward trajectory. According to recent insights by analyst Bluntz, the pullback is considered part of the normal cycle within a broader bullish trend, indicating that the positive momentum remains intact.Using the Elliott Wave theory, he further said that this could be a pullback opportunity for the trader who has not made an entry yet. He thinks PEPE is in the fourth wave of a five-wave cycle, which indicates that the price will rise after this correction.<h2 id="header-0">Elliott Wave Theory</h2>Bluntz shared a 4-hour chart from Bybit for the PEPE/USDT perpetual contract, marking out the different waves of PEPE&#39;s price movement. According to Elliott Wave theory, markets move in five waves followed by a three-wave correction. <a href="https://cryptotale.org/memecoin-frenzy-doge-shib-pepe-more-see-meteoric-rise/" rel="noopener noreferrer nofollow">PEPE</a> has already completed three upward waves since early September, pushing the price to around $0.01200.The price is in the fourth wave, Wave IV, which is a correction wave. This level has been reached at $0.01079, but it’s regarded as a bearish pullback. Bluntz thinks this correction is a fifth-wave formation in which prices could go up.<a href="https://cryptotale.org/pepe-set-for-a-bullish-bounce-as-analyst-predicts-a-surge/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

PEPE Set for a Bullish Bounce as Analyst Predicts A Surge

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