Pepe Price Prediction: PEPE Breaks Out, Flashes Golden Cross x2 – $1 PEPE Soon?
Main Idea
The article discusses Pepe's (PEPE) recent price breakout and technical indicators suggesting potential gains, while also highlighting speculative interest in altcoins and the introduction of a new trading bot, Snorter ($SNORT).
Key Points
1. Pepe's price shows a double golden cross (20EMA and 50EMA surpassing 200EMA), with a projected breakout target of $0.00002425.
2. Pepe open interest has surpassed $1 billion for the first time, indicating strong speculative interest.
3. The Altcoin Season Index has risen from 20 to 53, signaling growing altcoin market activity.
4. Snorter ($SNORT), a new trading bot, has raised over $1.9 million in presale, offering features like MEV-resistant swaps and rug-pull protection.
5. A $1 PEPE price remains speculative, with technical analysis suggesting short-term corrections may occur.
Description
Both the short-term and mid-term trends have flipped bullish with a double golden cross on the daily timeframe, suggesting a recent triangle breakout could send the Pepe price outlook much further. The meme coin has seen a 42% increase over the past two weeks, adding another 5% today as capital rotates deeper into altcoins. Geopolitical and macroeconomic FUD has largely cleared, replaced by a wave of pro-crypto regulatory momentum that continues to unlock sidelined capital for risk-on assets. Wi...
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