bullish

PEPE

Inu.

The PEPE

PEPE smashed a new ATH at $0.00002717&nbsp; in the early trading hours after surpassing the crucial resistance zone. With this, the token has achieved a market capitalisation of over $11 billion, surpassing the giants like Litecoin. However, the trading volume does not appear to have completely shifted in favour of bulls and if this happens, the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">PEPE price</a> rally is expected to kick off and reach the levels above $0.00004 very soon.&nbsp;  
The third largest memecoin as per the market capitalisation, PEPE, has just marked a milestone. By breaking above the bull flag, the token swelled high and marked a new ATH, which has attracted some bearish attention. The price has dropped marginally but the ongoing correction is expected to offer a strong bullish momentum as it did in May 2024, which propelled the price by over 70% to mark the highs above $0.000017.&nbsp;  
Now that the token is manifesting a similar price action, the PEPE price rally is expected to rise above $0.00004, probably in the first few days of 2025.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcwMhVqgnfrQ9TmqTHjgOnowxZIv4xVIQtSUUbpr8b7DxTDCoK2pWc0P_9OGHLP-tCnhsDyxoE4NGPtgNjqjYRMVAsKMKWH2zQxrkr5p4PfRad7aYioGioWp8ACnyMp4kWI5jUV?key=var2nh_mpsWgq-6ugAmJmhrB" alt="">
</figure>  
The PEPE price rally appears to be following a pattern since the beginning of the year, with new highs being achieved at regular intervals.The current trade setup resembles the rally that occurred in mid-Q2. The price surged above the resistance zone, and after a brief retracement, it exceeded 70%. The Ichimoku cloud supports the retracement narrative, as the base and conversion lines are approaching a bearish crossover. However, the RSI sticks to the upper threshold, reviving the hope for a bullish continuation. Therefore, the current trade until the weekend could be extremely important, which may shed light on the next price action.&nbsp;  
If the price experiences a retracement, it could rise by 75%, setting a new ATH above $0.00004. Otherwise, a bullish continuation could exhaust buyers, causing the token to behave sluggishly for a while before marching towards the upper target.&nbsp;  
The PEPE price rally has taken off and is just an inch away from becoming the second largest memecoin, surpassing Shiba Inu. With over $7.5 billion trading volume compared to $2.5 billion of SHIB, the flipping seems to be inevitable, as it’s just a matter of time. The short-term and long-term charts suggest the Pepe price may soon enter a pre-Christmas rally, which could help the price to trade within a discovery phase for a long time ahead.&nbsp;

PEPE Primed for a 50% Upswing While Memecoin Mania Fades—Can PEPE Surpass SHIB in the Coming Days?

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