The legendary trader who once turned a $7,600 investment into $25 million by betting on Pepe (PEPE) once it was on no one’s radar claims that this same meme coin could rise by 40X soon. This bullish Pepe price prediction was shared by James Wynn via his social media account on X – currently followed by 389,000 users.

Wynn emphasized that he sees PEPE following a similar pattern he identified years ago when the token rose from nothing to $1.6 billion in just 22 days during a pretty harsh bear market.

He came up with this latest theory by tracking social sentiment, trading volumes, holder count, and Google search volumes.

Wynn recently jumped to the spotlight after a massive (failed) bet on Bitcoin (BTC) that resulted in heavy losses that may have drained a significant portion of his capital.

Pepe has been performing fairly well in the past 30 days, delivering gains of 27% during this period.

However, the token has been underperforming the rest of the market on a year-to-date basis as it has accumulated a 35% loss while Solana meme coins like Fartcoin (FARTCOIN) and SPX6900 (SPX) have delivered gains of 103% and 50% during this same period respectively.

Is Wynn’s Pepe price prediction accurate or is he just looking to make up for his recent loss?

Pepe Price Prediction: PEPE Finds Support at Key EMAs and Could Rise to $0.00001600

PEPE’s daily chart shows that the price has encountered strong selling pressure at the $0.00001400 level and has retreated to some of its nearby support areas.

The 21-day and 200-day exponential moving averages (EMAs) are currently on top of each other, providing a strong and relevant support level to watch during today’s session.

Meanwhile, the 9-day EMA has risen above the 200-day EMA. This ‘golden cross’ is typically considered a strong buy signal as it means that positive momentum is accelerating.

If the downtrend accelerates and breaks the EMA support, the key level to watch would be the $0.00001050.

James Wynn’s prediction may be a bit exaggerated but every indicator favors a bullish Pepe price prediction at this point so there’s no point in trading against the trend. If these support levels hold, PEPE could soon rise to $0.00001600, delivering gains ranging from 25% to 50% depending on your entry price.

Meanwhile, one of the most promising crypto presales of the year, Snorter (SNORT), offers access to a sophisticated trading bot that snipes meme coins across the Solana and Ethereum ecosystems.

Snorter (SNORT) Does All the Heavy Lifting to Find What Could Be the Next PEPE

Snorter (SNORT) is a Solana and Ethereum-based trading bot designed to find the hidden gems of these ecosystems via a sophisticated algorithm.

Its coding was conceived to protect investors from fraudulent schemes like rug pulls, MEVs, and honeypots.

Snorter will constantly scout these blockchains to find the most promising meme coins based on a set of proprietary indicators. Pretty much what James Wynn does but automated and accessible to everyone.

Once the bot starts to deliver positive results, the demand for $SNORT will rise rapidly. Those who buy the token at its discounted presale $0.0991 will reap the highest returns once it hits the exchanges.

To buy $SNORT, simply head to the Snorter website and connect your wallet (e.g., Best Wallet). You can either swap SOL, ETH, or USDT for this token or use a bank card to invest.