Could Pepe Be Ready for a Price Surge? This Analyst Thinks So

A prominent trader and analyst, known as Bluntz, believes that a popular memecoin is poised for a price increase.

He recently shared that the Ethereum-based memecoin Pepe (PEPE) is displaying an ascending triangle pattern on the eight-hour chart.

don’t fade these grinding up channel breakouts. theyre easy money imo, $pepe is next.

max long with me 👇https://t.co/aPTv1SFBIR https://t.co/FgQaQANeGk pic.twitter.com/QgmW6t7BNV

— Bluntz (@Bluntz_Capital) September 26, 2024

Bluntz noted that PEPE has successfully converted previous resistance levels into support as it moves upward. He observed that while Pepe had lagged behind other memecoins recently, it is likely to catch up soon given the activity in the market over the past two days.

His analysis indicates that Pepe could potentially rise by around 15% from its current price of $0.00000908, which represents a remarkable 937% increase from its low of $0.000000875 in February.

He also pointed out that Pepe’s recent price movements resemble those of the NEAR Protocol (NEAR) before its recent breakout, suggesting a similar potential for upward momentum.