Pepe’s trading volumes have more than doubled in the past few days from a low point of $400 million to nearly $900 million in the past 24 hours, favoring a bullish Pepe price prediction as traders seem to have jumped back into the market.
Whenever PEPE hits $1 billion in trading volumes per day, the price starts to make some big moves. In the context of a bull market like this, this means that we could see the third most valuable meme coin reaching new heights.
In the past 7 days, PEPE has delivered gains of 11%. Meanwhile, the token is stepping out of negative territory in the past 24 hours as traders seem to be positioning for a big move up once the American session starts.
The rise of Ethereum (ETH) supports a bullish outlook for Pepe. As an ERC-20 token, when the top altcoin reaches higher levels, this tends to favor a bullish Pepe price prediction.
Ethereum recently broke through a key resistance at $4,100 that has set off a rally that could push it to $5,000 or beyond. If this happens, trading volumes toward ERC-20 assets like PEPE will likely rise.
Pepe has been consolidating for months and has formed a symmetrical triangle pattern that tends to precede big moves once a breakout is confirmed.
Although these setups don’t have a bias (they are not bullish or bearish per se), they usually indicate that deep-pocketed players are accumulating tokens with the expectation that a big move is coming.
PEPE delivered strong gains in the past for those who entered long positions at the right time. If the token breaks above the upper trend line resistance shown in the chart, this could set off a massive rally that pushes it to uncharted territory.
Based on historical patterns, PEPE could deliver gains of 773% if that breakout is confirmed, as the token could surge to around $0.00010. This Pepe price prediction would be validated if the price moves above $0.00001600 within the next few days.
As cryptos like Pepe, Bitcoin, and Ethereum seem poised to reach new all-time highs, you can profit from this bull market cycle by taking long positions in these assets through a crypto futures trading platform like CoinFutures.
CoinFutures makes it easy for traders to bet on where the price of their favorite cryptocurrencies will go through a user-friendly interface.
The platform supports multiple tokens already like XRP, BTC, ETH, and SOL and will progressively add top meme coins including PEPE.
Opening a position is quite simple. Choose the asset you want to bet on, click on Up or Down depending on which direction you think the price will take next, add the amount of money you would like to risk, and set your preferred price multiplier to boost your position’s size.
You can set a stop price to close the position to limit your losses and establish a target to take some profits if the market moves in your favor.
To open an account at CoinFutures, simply head to the platform’s official website and click the ‘Register’ button. You can deposit cryptocurrencies like USDT or ETH, or use a bank card to fund your account.
