- Pepe Coin could surge by 7,220% if Ethereum rebounds from its current lows to $10,000, as predicted by a crypto analyst.
- Technical patterns in PEPE also hint at a major breakout, aligning with bullish momentum in the broader Ethereum ecosystem.
Pepe Coin (PEPE) may be gearing up for an epic rally — with projections showing a potential 7,220% surge — if Ethereum (ETH) rebounds from what one analyst calls a “legendary” level. As crypto markets remain volatile, all eyes are on ETH’s trajectory and how it might ignite the next meme coin frenzy.
Currently trading at around $0.00000815, PEPE has been showing signs of bottoming out. Technical patterns, including a falling wedge and bullish divergence, suggest a breakout may be brewing. More notably, PEPE has carved out a massive triple-bottom formation with its neckline near its all-time high of $0.00002835 — signaling a possible bullish reversal.
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The key catalyst? Ethereum.
After plunging from $4,100 in November to $1,600, Ethereum appears to have hit a critical support zone. A well-known analyst has pointed to a double-bottom pattern on the ETH/BTC chart, hinting that a rebound could propel ETH toward the $10,000 mark — a staggering 525% rally from current levels.
Historically, meme coins like PEPE tend to follow Ethereum’s lead. If ETH stages a comeback, it could unleash a domino effect, pulling PEPE along for the ride. This aligns with the theory that a vibrant Ethereum ecosystem fuels the speculative frenzy that meme coins thrive on.
However, risks remain. If ETH drops below the key support in its double-bottom setup or the Ethereum Foundation continues offloading tokens, bullish momentum could fizzle. Moreover, a triple-top pattern on Ethereum’s weekly chart hints at potential resistance.
In the short term, a more conservative PEPE rally to its all-time high — about 250% from current levels — seems more realistic. But if Ethereum does reach $10,000 over the next few years, as some predict, PEPE hitting $0.0005856 might not be as far-fetched as it seems today.
For investors with an appetite for risk and belief in Ethereum’s rebound, PEPE might just be the meme coin to watch.
