Pepe Price Preps For 100x Gains This Coming Altcoin Season

Pepe Price Prepares for 100x Gains in Upcoming Altcoin Season

Amidst the broader market recovery, the bull run in PEPE price is accelerating rapidly. After two exceptionally bullish days, the meme coin has reached all-time highs, signaling an upward trend in the near future.

As PEPE is based on the Ethereum chain, will the upcoming Ethereum ETF provide additional momentum? Can PEPE continue to lead the rally and deliver 100x gains by 2024? Read on for our PEPE price prediction.

PEPE Price Performance

With a breakout from a falling channel, the PEPE price uptrend is gaining traction. Surging demand has propelled the rally above the $0.000010 psychological level, with a successful post-retest jump following a rounding bottom breakout.

TradingView
In the midst of the broader market recovery, the PEPE price has surged 50% within 48 hours after a successful retest. This bull run has formed two consecutive bullish engulfing candles, challenging the $0.000015 resistance level.

Currently, the PEPE price trades at $0.0000137, consolidating near an all-time high as the Ethereum rally pauses. However, with the Ethereum ETF expected to be approved this Thursday, the bull run in this meme coin is likely to continue with renewed momentum.

Technical Indicators:

• MACD: The bullish trend in the MACD and signal lines supports the positive rally, indicating growing underlying demand.
• DMI: The VI lines maintain a positive trajectory, while the ADX line strengthens, reinforcing a high-momentum bull run.

Will the PEPE Rally Deliver 100x Gains?

With the substantial uptrend in progress, the PEPE price has shown minimal weakness in its bull run. Moreover, with 2024 expected to witness an extremely bullish second half, a 100x rally becomes a possibility for this meme coin.

In the short term, the PEPE price could reach $0.000019 if it remains above $0.000014 today. Beyond this, $0.00002782 is a potential target at the 2.618 Fibonacci level.