Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

The Pepe price has risen by 3.5% in the past 24 hours, with its move to $0.00001007 coming as the crypto market as a whole loses 2% today.

PEPE is now up by 2% in a week and by 13% in a fortnight, although it remains down by 12% in a month and up by only 9% in the past year.

These are underwhelming percentages, yet Pepe’s fortunes may be about to change, with the coin’s price breaking out of a falling wedge pattern in the past couple of days.

Given previous appearances of falling wedges, the coin could be on the brink of a breakout, while the long-term Pepe price prediction continues to look bullish.

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

If we look at PEPE’s chart below, we see that the coin enjoyed a big rally the last time it broke through a falling wedge.

Meanwhile, it appears to be about halfway through a similar climb, implying that it still has someway left to go before it stops rising.

As we can see above, PEPE’s current breakout should take it somewhere close to the $0.0000110 region, which is where it peaked after its last breakout earlier this month.

However, it’s not certain that it will make it this far, if only because its indicators are beginning to sink, indicating a loss of momentum.

Its relative strength index (yellow) has declined from 70 yesterday to almost 50 today, and it could drop lower.

Looking at the bigger picture, PEPE’s trading volume today is $764 million, which is well below where it was in November and December, as well as in May.

It’s also lower than it was at various points before November of last year, indicating that demand isn’t as high as it could be.

However, the past month has seen some whales accumulate PEPE, a sign that it remains a favored meme token among larger traders.

It’s ability to rise to new levels – such as $0.00001150 – will depend on the wider market’s trajectory, with the mood still uncertain in the face of the US delaying an upcoming tariff deadline to August 1.

This provides time for the US to sign positive trade deals with various other economies, although it also extends the period of uncertainty that has prevailed ever since February.

Assuming that positive developments do emerge, the Pepe price could therefore reach $0.00001150 by the end of August, and $0.000030 by the end of the year.

Bitcoin Bull Raises $8.3 Million in Final Hours Before Launch: Biggest Coin of the Week?

A pessimist might argue that Pepe is a meme token on the decline, and that if a trader wants to secure some quick market-beating gains, they should probably look elsewhere.

This means looking at newer meme coins such as SPX6900, Pudgy Penguins, and more, and it also means looking at presale tokens, which can often rally big when their sales end.

One token whose sale is about to end is Bitcoin Bull (BTCBULL), an ERC-20 cryptocurrency that has now raised just over $8.3 million.

The BTCBULL presale will end in only a few hours, so latecomers should act very quickly if they want to join.

Bitcoin Bull has won over thousands of converts, largely by virtue of its deflationary tokenomics, which it has linked to Bitcoin’s price action.

With a hard cap of 21 billion BTCBULL, it will conduct token burns whenever Bitcoin (BTC) itself reaches a new price milestone, beginning with $125,000.

This will repeat with every additional $25,000, while Bitcoin Bull will also host Bitcoin airdrops whenever BTC adds another $50,000 to its price for the first time.

This could make BTCBULL a very profitable token to hold, with holders also able to stake the token for passive income.

As noted above, the coin’s sale will end very soon, but you can still join it by going to the Bitcoin Bull website.

BTCBULL costs $0.002585, although the success of its sale suggests that this could rise much higher once it lists.

The post Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target? appeared first on Cryptonews.