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Analyst Predicts PEPE Price May Surge 3,000% Following MACD Signal
Recent market analysis suggests a potential bullish reversal for PEPE, with predictions of a significant price rally. Key points include:
- Analyst CryptoLinx identifies a bullish Moving Average Convergence Divergence (MACD) cross on PEPE's weekly chart, indicating a possible shift from an extended downtrend to an uptrend.
- The MACD momentum has shifted from red to green, suggesting a rounded bottom formation.
- CryptoLinx emphasizes that a true market bottom MACD cross can signify a transition from accumulation to a sustained uptrend.
- Potential price increase for PEPE is predicted between 1,500% and 3,000%, possibly reaching $0.0000928 to $0.000179 from current levels around $0.00000585.
Current PEPE Price Action
- In early 2025, PEPE experienced a prolonged downtrend but rebounded over 30% earlier this year.
- Despite a broader YTD decline of over 68%, PEPE has recovered by more than 44% in the past month.
- Currently, PEPE is down nearly 3% in the last 24 hours and about 4.5% over the last week.
