New ATH Incoming? Expert Says PEPE Poised For ‘Humongous’ Breakout

Christian Encila

9 months ago

3 mins read

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Pepe Coin is attracting the attention of analysts and crypto enthusiasts with the meme coin’s recent performance. Over the last week, PEPE surged 8%, amid developments in the market and growth in investor confidence.

According to crypto price prediction platform CoinCodex, PEPE is going to surge upward by 226%, which takes PEPE price to $0.00002804 by September 26, 2024. These are very bullish forecast helped along by analyses that indicate PEPE could be signaling a “humongous” breakout, according to crypto analyst The Crypto Titan.

$PEPE 👋 (daily) #pepe made a nice comeback 📈 after getting bottomed out from the Symmetrical triangle in the daily timeframe🟢.

We can get a Humongous 🚀 Breakout, if we get a breakout from this symmetrical triangle❗️.

Currently the price moving towards the breakout👀,… pic.twitter.com/lqwcln0lUY

— The Crypto Titan’s (@cryptotitans11) August 26, 2024

PEPE: The Symmetrical Triangle

The pattern is noted in the manner in which PEPE had rebounded recently from the lower boundary, which validates the healthy buyer support at this level. The price is now nearing the apex of the triangle, which indicates that there is an impending breakout.

Generally, the breakout from a triangle’s upper trend line leads to large price increases. According to analysts, the price might likely record a significant gain that will send it to new all-time highs if PEPE manages to break beyond this level.

Again, the bullish sentiment is is being confirmed by a couple of technical indicators. For instance, the price of PEPE is close to the upper Bollinger Band, suggesting that the upside remains strong. They have a potential short-term resistance level at $0.00000955; if it were to break, the next target zone would be around $0.00001300.

PEPE market cap at $3.5 billion on the daily chart: TradingView.com

The current volatility stands at 15%, with the coin having experienced 11 out of 30 days “green” in the last month. That’s obviously in favor of rising prices. Although with such high volatility, currently the indicators hint that a breakout above $0.00000955 with very high volume accumulation and similar bullish patterns features a good long-term buying opportunity.

Future Forecast And Market Sentiments

Looking forward, the outlook for the meme coin is extremely bullish. Based on data by CoinCodex, the surge is in line with current technicals and recent performance metrics.

At the present, mood is neutral; the Fear & Greed Index matches this and stands at a reasonable 48, which is an excellent time to acquire PEPE given such a balanced attitude along with a good projected price increase.

A crossover of technical analysis with the recent performance is suggesting potential gains for major levels. This is something that investors in meme coins will need to keep a close watch on, as the technical patterns all seem to show that it is a great choice right now. Its forecast firmly points strongly to major future gains, and a breakout could be just around the corner for PEPE.

Featured image from The Portugal News, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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