Bullish Price Prediction for PEPE
Hello everyone.....
Technical analysis of PEPE price movement suggests that the meme coin may be ready for a higher price rise. The latest price analysis by CoinGape highlights that, despite trading 60% below its all-time high (ATH), the token's Market Value to Realized Value (MVRV) ratio has once again entered the buy zone.
Historically, when PEPE's MVRV fell to the same level, it was followed by significant price increases of 72%, 71%, and 51%. If this pattern repeats itself, the analyst predicts that PEPE could soon test the next key resistance level at $0.00000150. With increasing trading volumes and improving market sentiment, many investors are eyeing the token for potential profits. The recent move of 170 billion PEPE by the Pepe Coin team has undoubtedly fueled speculation, with concerns about a possible price drop still lingering.
However, a broader market recovery, increasing trading volume, and strong technical indicators suggest that the meme coin may still have significant upside potential
That's all...
Regards..
@boded77