Pepe Coin Poised for Significant Growth Crypto analysts predict that Pepe Coin could soon reach a new all-time high (ATH), driven by activity from large investors (whales) and strong technical indicators. Despite its current 23.3% decline from this year’s peak, the popular meme coin is expected to bounce back. Analysts Anticipate a New Price Peak for Pepe According to most cryptocurrency experts, Pepe Coin’s price could increase by 31% and reach a new ATH if the current bullish trend continues. Renowned crypto trader Bluntz applied Elliott Wave analysis on a four-hour chart to predict that Pepe Coin is nearing a breakout. Bluntz noted that Pepe is forming an ABC pattern and a symmetrical triangle, which often results in sharp upward movements.

Other analysts, including Dami-DeFi and Trader ELM, share this outlook. Additionally, Pepe Coin’s popularity positions it as a strong competitor to Shiba Inu. Whales Accumulate Pepe Coin Evidence of growing interest from large investors is supported by Etherscan data, showing that a whale recently purchased Pepe Coins worth over $65 million. Such activity typically signals potential price growth in the near future.

Technical Indicators Favor Pepe’s Price Growth On November 13, Pepe Coin broke through a critical resistance level of $0.00001721, a significant threshold last seen in March. This level formed the top of a "cup and handle" pattern, a common indicator of a continued upward trend. After hitting its ATH of $0.00002595, Pepe Coin slightly retreated as some investors took profits. However, it remains above its 50-day and 200-day moving averages, which formed a golden cross—a positive market signal. Currently, Pepe is forming a “doji” candlestick pattern, often associated with trend reversals. If the price surpasses $0.00002595, it could rise further to $0.000030.

Potential Risk of Decline On the downside, if Pepe Coin’s price falls below the support level of $0.000017, the bullish outlook could be invalidated. In such a case, the price might target the 50-day moving average at $0.000012, indicating a more significant correction.

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