Pepe Coin Bullish Rally Predicted: 300% Gains Possible

Analysts Predict Significant Gains for Pepe Coin (PEPE) in Q4

Pepe Coin (PEPE) is gaining positive momentum, as evidenced by on-chain data and technical analysis. Captain Faibik, a renowned analyst, highlights that the coin remains within a Symmetrical Triangle pattern.

Predicted Surge of Over 300% in Q4 Bullish Rally

According to Faibik, PEPE is poised to surge over 300% in a bullish rally predicted for the fourth quarter of this year, potentially reaching a new all-time high. Notably, the current pattern resembles Bitcoin's price action in early 2023.

Growing Open Interest Signals Trader Confidence

CoinGlass data indicates that Open Interest (OI) in PEPE has increased significantly over the past ten days, reaching $104.45 million. This suggests that traders anticipate substantial price movement in the near future.

Current Market Conditions and Sentiment

Despite a recent decline, PEPE is currently trading at $0,000008568, with a daily trading volume of $620.24 million. Despite the dip, technical and on-chain indicators remain positive, supporting the overall bullish sentiment.

Rival Coin FLOKI's Performance

FLOKI, Pepe Coin's competitor, has also performed well. Following Binance's announcement of an airdrop for FLOKI holders, the coin has witnessed a steady rise. Analysts suggest that FLOKI may be poised for a breakout that could lead to a 200% increase.