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Pepe Price Prediction: PEPE Price Dumped 30% in October, But Analyst Points to a Reversal Coming Soon – Is PEPE Going to the Moon This Week?

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After a turbulent month for meme cash, Pepe price prediction traits are heating up once more as the widespread frog-themed token reveals early indicators of restoration.

PEPE value dumped practically 30% in October, shedding greater than $1.3 billion in market worth, from over $4.3 billion at the begin of the month to round $3 billion at press time.

The decline has deepened the token’s all-time losses to over 74% since its December 2024 peak of $0.00002825, equal to a $7 billion market cap loss.

Despite the stoop, a number of analysts imagine PEPE could also be gearing up for a reversal.

Crypto Analyst Spots PEPE Reversal Pattern

In a latest publish on X (previously Twitter), distinguished market analyst Crypto Cat famous that the token has re-entered a key accumulation zone on the every day chart, a area the place “the large gamers begin exhibiting curiosity.“

He defined that markets typically shake out weak fingers by extended corrections quite than sharp crashes, including, “The crowd begins to hesitate, will get out at a loss, and that’s when the market turns round.”

According to Crypto Cat, whales at the moment are eyeing the $0.0000088187 – $0.0000056848 vary for strategic accumulation, suggesting that a bullish reversal could possibly be imminent.

As he put it, “A wise participant doesn’t go after the hype, he goes after the panic. When everyone seems to be screaming about a new bear market, he’s calm and buys on blood.”

Macro analysts have additionally famous that PEPE is on the verge of an ascension section after discovering help at the decrease band of the ascending channel.

Source: X/@EtherNasyonaL

This might see PEPE regain 40% to wipe out October’s sell-off and return to bullish territory.

PEPE Price Prediction: Descending Channel Breakout Could Trigger 126% PEPE Rally

On the technical entrance, the PEPE/USDT chart reveals a traditional descending channel pattern that has dominated value motion for a number of weeks, with the token lately bouncing sharply from the decrease help boundary close to $0.0000059.

The descending channel is clearly outlined by two parallel trendlines which have contained value motion since the peak.

Source: TradingView/@cozyausol

The projected path suggests a potential breakout above the higher channel trendline, which might affirm the finish of the bearish section and set off momentum merchants to enter lengthy positions.

However, fast resistance stays a vital hurdle.

If PEPE fails to reclaim these zones convincingly, there’s a danger of one other check of the decrease channel help earlier than any sustained rally can develop.

New PEPE Beta Raises $2M, Analysts Eye 100x Potential

A PEPE reversal might point out that different PEPE-themed meme coins will even carry out properly, particularly tasks nonetheless in presale that aren’t but accessible for public buying and selling.

One undertaking traders are watching is Pepenode(PEPENODE), a new mine-to-earn meme coin that has already raised $1.96 million in its ongoing presale.

PEPENODE lets customers construct digital meme coin mining rigs, permitting people to purchase nodes and create their very own server rooms to earn mining rewards in the type of PEPENODE tokens.

Many analysts imagine this might ship 10x-100x returns when it launches on exchanges.

Along with PEPENODE’s potential upside, it additionally gives a staking choice with up to 655% APY.

PEPENODE is at present priced at $0.0011183 per token, and the value is rising each few days, that means traders who enter sooner stand to profit most.

You should purchase PEPENODE by the official presale website utilizing ETH, USDT, USDC, or financial institution playing cards.

PEPENODE will also be bought utilizing the Best Wallet App’s Upcoming Tokens characteristic on Android and iOS.

The publish Pepe Price Prediction: PEPE Price Dumped 30% in October, But Analyst Points to a Reversal Coming Soon – Is PEPE Going to the Moon This Week? appeared first on Cryptonews.

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