Pepe Coin price has the potential for a mega bullish breakout as both technical and fundamental factors align. Currently, one PEPE token is priced at $0.000008150 and shows signs of bottoming out. The article discusses a timeline for when the PEPE price could rise by 7,220% as Ethereum drops to a ‘legendary’ level.
The decline in PEPE price this year is closely linked to the downward trend of Ethereum, which has dropped from $4,100 in November to $1,600. Meme coins like PEPE often mirror the performance of their underlying blockchain, in this case, Ethereum. A potential rebound in Ethereum’s price could potentially boost PEPE, which is the second-largest meme coin in the ecosystem after Shiba Inu.
A crypto analyst has predicted a surge in ETH’s price after identifying a double-bottom pattern on the three-month ETH/BTC chart. This pattern suggests that ETH could rise by 525% from the current $1,600 to reach $10,000 over time. However, there are risks involved, such as Ethereum falling below the double-bottom pattern, triggering more downside movement.
While a significant surge in Ethereum’s price could lead to further upside for Pepe Coin, the likelihood of a 7,220% breakout to reach $0.00005856 is considered highly unlikely. Historically, PEPE tends to perform well when the value of Ethereum is on the rise, but reaching such a high price target would require a substantial rally in ETH.
Looking ahead to 2025, there are positive indications that the Pepe Coin price could experience a strong bullish rally, potentially pushing it to its all-time high. The coin has formed a triple-bottom pattern and shows signs of a bullish divergence, indicating a possible upward trend. However, if the price drops below the triple-bottom low, the bullish prediction may become invalid.
In conclusion, while the potential for a significant price surge in Pepe Coin exists, it is closely tied to the performance of Ethereum. As Ethereum rebounds from its current levels, PEPE could also see an upward trajectory. However, reaching the 7,220% price target would require a substantial rally in ETH over the coming years. Investors should consider these factors when evaluating the future potential of PEPE coin.
