The frog-themed meme coin PEPE is not one to be left behind as a bullish sentiment sweeps across the crypto landscape. The irreverent amphibian is once again turning heads, with its price surging 64% in the last 30 days.
As PEPE’s price reclaims bullish momentum, some analysts are pointing out the similarity of its breakout to Dogecoin’s price movement back in April 2021. Could this be the moment PEPE’s price registers an explosive uptick to a new ATH?
PEPE’s price set to reach $0.000018 as meme coin frenzy returns
Technical analysts have their eye on PEPE’s price now that it’s moving back and forth along a consolidation wedge. Similar to Dogecoin’s April 2021 price movement, PEPE’s price has coiled between key resistance and support levels while volume wanes, signaling a pre-breakout structure forming.
Image Source: Trading View
In both cases, Dogecoin and PEPE’s prices have registered mid-term sell-offs, with examples including PEPE’s downturn, which saw its price dip to lows of $0.00000528. PEPE’s price has also experienced rapid viral upticks of as much as 12% in some weeks. Other key indicators include a multi-week consolidation followed by sudden whale accumulation.
After the marketwide downturn, PEPE’s price mounted an impressive 22% rebound as traders eyed a breakout past the $0.000015 resistance zone. PEPE’s price has registered a slight pullback over the last few weeks, with its market cap shedding 11.11% of previous gains.
Image Source: Coingecko
In terms of growth, PEPE is making notable headway, with a notable uptick in whale activity on its network by 257%. The sudden rise in whale activity could signal an imminent breakout for PEPE’s price, unlike that which has been witnessed among meme coins.
It would appear that whales are repositioning their portfolios with trades ranging from $1 million to $10 million. It’s just one of many moves that have seen analysts speculate a bullish resurgence is cooking behind the scenes.
Remittix’s RTX set for an explosive 3,000% uptick after its presale closes
With Bitcoin’s market dominance rising, expectations on performance for meme coins and speculative assets such as PEPE have grown, but they are not the only assets being considered. Investors are now looking at utility-based projects such as Remittix’s PayFi project to provide gains from other channels.
Remittix is on a mission to reinvent cross-border payments using a simple and intuitive payment network. Crypto holders can use Remittix to send funds to a recipient’s bank account with near-instant transaction finality and with negligible fees, across more than 30 fiat currencies.
Given that the remittance market is set to reach a valuation of over $250 trillion by 2027, Remittix is leading the charge with a platform that is not only intuitive but affordable and accessible to the masses. Its PayFi protocol rivals the likes of XRP and XLM, but distinguishes itself by targeting both small businesses and retail users rather than institutions. By reducing the complexities of dealing with crypto wallets, the odds of mass adoption are greatly increased.
By bridging the gap between cryptocurrencies and traditional banking networks, analysts have pointed out RTX’s potential. So far, RTX’s ongoing presale has raised over $15.3 million. Will you take a chance on RTX now that it’s trading at a discounted rate of $0.0781?
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
