Pepe

PEPE

<p><a href="https://coinpedia.org/price-analysis/pepe-price-eyes-to-hit-0-000030-with-a-40-surge/" target="_blank" rel="noreferrer noopener">Pepe (PEPE)</a>, the frog-themed meme coin, has confirmed a new upward trend after closing above its previous all-time high (ATH) last week. With a fully diluted valuation of approximately $8.8 billion and a daily trading volume of around $4.8 billion, the mid-cap meme coin has surged by over 150% in the past two weeks. This marks the beginning of its long-awaited price discovery phase.</p>   
<h2 class="wp-block-heading" id="h-why-is-pepe-price-moving-ahead-of-others">Why is PEPE Price Moving Ahead of Others?</h2>   
<p>Having consolidated more than seven months, the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noreferrer noopener">PEPE price</a> is now well bolstered to rally exponentially in the coming months. Moreover, the meme coin industry is expected to lead in the upcoming altcoin season, which will be triggered by a major drawback of Bitcoin's weekly dominance.</p>   
<p>As a top-rated meme coin on the <a href="https://coinpedia.org/price-analysis/top-ethereum-based-altcoins-to-stack-before-eth-price-hits-4k/" target="_blank" rel="noreferrer noopener">Ethereum ecosystem</a>, with deep liquidity on various DeFi protocols, Pepe has attracted more investors in the recent past. Moreover, Dogecoin (DOGE), the largest meme coin, broke out of a <a href="https://coinpedia.org/price-analysis/dogecoin-price-prediction-bullish-rally-hints-a-retest-at-0-5/" target="_blank" rel="noreferrer noopener">multi-week bearish consolidation</a>, thus signaling the onset of another meme season.</p>   
<p>Last week, Pepe gained substantial momentum with listings on major cryptocurrency exchanges, including Coinbase Global Inc. (NASDAQ: COIN) and Robinhood Markets Inc. (NASDAQ: HOOD). These listings provided significant support to the Pepe community, further solidifying its position in the market.</p>   
<h2 class="wp-block-heading" id="h-short-squeeze-and-technical-outlook">Short Squeeze and Technical Outlook</h2>   
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<p>With the shift of Pepe shorts into longs, the macro short squeeze has gained strength, paving the way for continued bullish movement. From a technical perspective, PEPE's price could follow a similar bullish breakout pattern to the one seen in February 2024.</p>   
<p>If this scenario unfolds, PEPE could see a 10x surge from its recent breakout, reaching as high as $0.0009.</p>   [post_titles_links postid="381091"]   
<p>On the 1-hour time frame, the price has formed a potential bullish pennant, signaling a rally toward a new all-time high. Additionally, the weekly <a href="https://coinpedia.org/traders/what-is-relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index (RSI)</a> has surged above the 70% level for the first time since May of this year, indicating strong bullish momentum.</p>   
<p><strong>Watch Out for Potential Fakeouts</strong></p>   
<p>However, traders should remain cautious. There’s a risk of a potential fakeout to the downside before a true bullish breakout occurs.</p>   
<p><strong>In a market where trends shift quickly, Pepe is carving out its place as one to watch in the months ahead.</strong></p>

Top Reasons Why PEPE Price is Set to Explode 10x – Should You Buy Now?

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