Pepe Coin price could be on the cusp of a mega bullish breakout as technicals and fundamentals align. One PEPE token goes for $0.000008150 and has shown signs that it is bottoming. This article provides a timeline for when PEPE price will rise by 7,220% as Ethereum drops to a legendary level.
Pepe Coin Price to Rebound as Ethereum Drops to ‘Legendary’ Level
One reason the PEPE price has imploded this year is that Ethereum has been in a free fall, moving from $4,100 in November to $1,600 today. In some cases, meme coins drop as their main blockchain falls, and vice versa.
Therefore, a potential Ethereum price rebound would boost PEPE, the second-biggest meme coin in its ecosystem after Shiba Inu. One crypto analyst has taken a contrarian view and predicted that ETH is about to surge after falling to a so-called legendary level.
He used a three-month candlestick chart of the ETH/BTC pair and identified a double-bottom pattern at 0.01730. The neckline of this pattern was at 0.08825. Therefore, he believes that the token ETH price will eventually rebound and move from the current $1,600 and rise by 525% to get to $10,000 over time.
The risk, however, is where the ETH/BTC price falls below the double-bottom pattern and invalidates the bullish view. Such a move would also trigger more downside. The other risk is that the Ethereum Foundation is selling ETH, and it has formed a triple-top pattern on the weekly chart.
Can PEPE Surge by 7,220% to $0.0005856?
A strong Ethereum price surge would trigger more upside for Pepe Coin. However, it is highly unlikely that the coin will have a strong bullish breakout of about 7,220% and get to $0.00005856.
For that to happen, ETH needs to be in a strong bullish rally from the current $1,600 to $10,000 and above. Historically, PEPE tends to do well when the value of ETH is doing well. It will likely take a few years for ETH to reach $10,000, based on its historical performance.
Pepe Coin Price Prediction for 2025
On the positive side, there are signs that the Pepe Coin price is on the verge of a strong bullish rally that could push it to its all-time high. It has formed a tiny double-bottom pattern at $0.0000057. Combined with its lowest swing in July last year, it means that it has formed a giant triple-bottom pattern whose neckline is at its all-time high of $0.00002835.
PEPE price also formed a falling wedge and a bullish divergence pattern. Therefore, the coin will likely keep rising as buyers target the all-time high, which is about 250% above the current level. This positive PEPE price coin prediction will become invalid if it drops below the triple-bottom low of $0.000058.
The post Here is the Timeline for Pepe Coin Price to Rise 7,220% as Ethereum Hits “Legendary” Level appeared first on CoinGape.
