Price: $0.19353 -0.8763%
Market Cap: 28.39B 1.104%
Volume (24h): 4.55B 0.2%
Dominance: 1.104%
Price: $0.19353 -0.8763%
Market Cap: 28.39B 1.104%
Volume (24h): 4.55B 0.2%
Dominance: 1.104% 1.104%
  • Price: $0.19353 -0.8763%
  • Market Cap: 28.39B 1.104%
  • Volume (24h): 4.55B 0.2%
  • Dominance: 1.104% 1.104%
  • Price: $0.19353 -0.8763%
Home > Information news > PEPE Meme Coin Price Prediction: Is a 50-80% Correction or New ATH on the Horizon?

PEPE Meme Coin Price Prediction: Is a 50-80% Correction or New ATH on the Horizon?

Release: 2024/05/20 18:10 Reading: 248

Original author:CaptainAltcoin

Original source:https://coinmarketcap.com/community/articles/664b1cbdf84a14499736c497

,XForceGlobal, a top crypto analyst, has shared a macro analysis on PEPE memecoin. In a tweet, XForceGlobal discussed two potential scenarios for the coin’s future performance. The analyst begins by stating that they have exited their position in $PEPE, despite seeing some potential for further upside. 
Notably, XForceGlobal’s position yielded a 197% gain from the wave 4/B bottom potential at the 0.618 Fibonacci level. However, the analyst suggests that a rational approach would be to consider a pullback to sustain the bull market.
Wave 5 Completion in PEPE Meme Coin Price Performance
According to XForceGlobal, if wave 5 is complete, a substantial correction for wave 2 could be on the horizon. Given the 1,600% move in the past year, a 50-80% correction is possible. Nonetheless, the analyst emphasizes that the bottom of the eventual wave 2 would be extremely bullish if the memecoin ecosystem persists.

PEPE’s Flat Idea Suggesting Continued Development
The second scenario proposed by XForceGlobal is that wave 4 is still unfolding on the primary degree (in yellow). This could mean either a rare wave 4 as a running variation or a deeper C wave that breaches the previous wave A to complete the expanded variation. However, the analyst notes that the size comparison of waves 1-2 and 3-4 downgrades this idea to an alternative scenario.

Despite both scenarios suggesting an eventual pullback, XForceGlobal highlights that the markets do not seem interested in $PEPE creating a new all-time high. Moreover, the analyst acknowledges the possibility of being wrong but maintains a rational stance.

New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW

.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored Show more +Show less –



Read also: Is Now a Good Time to Buy Altcoins? Why Analyst is Bullish on Alts: Arweave ($AR), Solana ($SOL), ONDO and PEPE in Focus
Future Outlook on Pepe 
The macro analysis by XForceGlobal provides insights into the possible future performance of Pepe Coin ($PEPE). The first scenario proposes that if wave 5 is complete, a substantial 50-80% correction for wave 2 could occur, following the 1,600% move in the past year. 
Moreover, the second scenario suggests wave 4 may still be unfolding, either as a rare running variation or a deeper C wave breaching the previous wave A. Despite the eventual pullback indicated in both scenarios, XForceGlobal acknowledges the markets’ lack of interest in PEPE creating a new ATH and the potential for being wrong while maintaining a rational stance.
Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.Get all our future calls by joining our FREE Telegram community.

 


 Check $RECQ Meme Coin 

 Sponsored: Invest Responsibly, Do Your Own Research.


 
   Buy RECQ Today 
  
 

 Serves as the base currency for all transactions within the Rebel Satoshi platform  ICO stage, offering tokens at a discounted price  Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.  Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,  Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.




The post PEPE Meme Coin Price Prediction: Is a 50-80% Correction or New ATH on the Horizon? appeared first on CaptainAltcoin.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.