PEPE Coin Price Prediction: Analysts Target $25 Billion Market Cap
- Susan SarandonOriginal
- 2024-10-24 03:06:09605browse
In a recent tweet, WhaleInsider highlights a bullish pennant pattern in PEPE's market cap chart.
Pepe coin price prediction faces a crucial breakout as analysts target a $25 billion market cap.
The meme coin's market cap chart showcases a bullish pennant pattern, hinting at a prolonged uptrend. After a significant rally, the chart setup anticipates a consolidation phase.
As per WhaleInsider's analysis, PEPE's market cap displayed a similar pattern in early 2024, preceding a rally to $7.5 billion. Hence, an impending breakout could propel the PEPE market cap to $25 billion.
At the time of writing, Pepe coin price prediction is positioned at $0.000097, boasting a market cap of $4.07 billion. If the circulating supply remains unchanged, a surge to a $25 billion market cap would amplify its price to roughly $0.000596.
For further insights, check out the Top Meme Coins article and stay up-to-date on the latest crypto trends.
Pepe Holders Exhibit Long-Term Vision as Exchange Supply Drops
Santiment's data reveals a continuous decline in the PEPE supply on exchanges, decreasing from 227 Trillion to 192.4 Trillion since March 2024. This substantial withdrawal indicates a large portion of PEPE being moved out of exchanges.
As a result, the metric highlights a decrease in the immediate selling pressure and an increase in the long-term holding sentiment among investors.
Moreover, the supply held by the top address has remained steady at 45%. This stability in their holdings suggests that these key players are not offloading their tokens, displaying confidence in PEPE's long-term potential.
Crypto Trader Anticipates Major Breakout from Triangle Pattern
Renown crypto trader Bitcoin Meraklıs highlights Pepe coin price prediction is at a pivotal moment within the triangle pattern. This chart setup resembles the pennant pattern mentioned earlier, indicating a directional rally after a period of consolidation.
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