Pepe Price Prediction: PEPE Soars 15%, But This Presale Is Leveraging To The Hilt The Explosive Upside Of Spot Bitcoin ETF Approvals

Join Our Telegram channel to stay up to date on breaking news coverage

The Pepe coin price is up 15% in the last 24 hours to auction for $0.00000127 at 7:00 AM EST. Trading volume is up almost 85% in the last day as investors anticipate a shift toward more gains for PEPE.

$PEPE OVER 15% PUMP AND ALL TARGETS DONE ✅ $SOL TP1 AND TP2 SMASHED 🔥❤️

ALL SHARED IN OUR FREE TELEGRAM🚀🚀🚀

JOIN US NOW: https://t.co/WOASvlX5D9 https://t.co/yEaTlyvvDr pic.twitter.com/u2eEvbUtLA

— UNKNOWN TRADER (@Learnernoearner) November 9, 2023

Pepe is rallying with the broader market and the meme coin ecosystem, with players such as Dogecoin (DOGE) and Shiba Inu (SHIB) also coming to life. The move for PEPE, however, is different, with the price action showing a short squeeze.

This unusual condition triggers the price of an asset to rise rapidly. It happens when the asset has many short sellers, which means many investors are betting on its price falling. The short squeeze commences when the price jumps unexpectedly, gaining momentum as many short sellers decide to cut losses and close their positions.

Pepe Price Outlook With $0.00000200 On The Cards For PEPE

After a 108% climb for Pepe coin since October 18, the frog-themed crypto took to a correction cum consolidation and is now attempting a continuation of the intermediate trend.

The position of the Relative Strength Index (RSI) at 68 shows there is still room for the upside, meaning Pepe’s price could rise. The RSI above 50 is also a good sign, indicating a strong price strength, tipping the odds further in favor of the bulls.

Also, the Awesome Oscillator (AO) indicator continues to hold in the positive territory, with histograms turning green from red as more bulls flock to the scene. In the same stance, the Moving Average Convergence Divergence (MACD) is holding in the positive territory, accompanied by green histogram bars above the midline. This adds credence to the bullish outlook.

Increased buying pressure above current levels could see Pepe’s price ascend to the $0.00000144 resistance level. A breach of this barricade would plunge PEPE into the supply barrier, extending from $0.00000146 to $0.00000172.

For a confirmed breach past this order block, the meme coin’s price must record a daily candlestick close above the mean threshold at $0.00000159.

In a highly bullish case, the gains could extrapolate for the Pepe coin price to escape the supply zone, flipping it to a bullish breaker before clearing the equal highs at $0.00000189. This would bring the $0.00000200 psychological level in sight, standing 55% above the current price.

Pepe price — TradingView: PEPE/USDT 1-day chart

Converse Case With MACD Sending A Sell Signal

It is impossible to ignore that the MACD shows that longs have closed their positions. It has also given a sell signal. These two conditions have been met as the MACD has crossed below the signal line (orange band), both above the zero line.

Traders heeding this call could spell doom for Pepe’s price, sending it south, potentially slipping below $0.00000100. Increased seller momentum could see the price fall back into the consolidation phase between $0.00000085 and $0.00000061.

Such a move would invalidate the bullish thesis, possibly stretching lower to test the range low at $0.00000060 and ultimately falling into the grasp of the descending parallel channel. This would fortify the bearish thesis.

Meanwhile, investors have their eyes peeled on the US Securities and Exchange Commission (SEC), especially after recent developments. In the afternoon hours of the New York session on November 8, ETF specialist James Seyffart indicated that the SEC had a brief window of eight days to approve spot BTC exchange-traded funds (ETFs).

JUST IN: 🇺🇸 Bloomberg analysts say a "brief window" opens tomorrow for SEC to potentially approve spot #Bitcoin ETFs, and it will be open for at least 8 days. pic.twitter.com/CfDXylvd8v

— Bitcoin Magazine (@BitcoinMagazine) November 8, 2023

This has reinvigorated chatter about the narrative of spot BTC ETF approvals catalyzing a bull market. Further, Seyffart reiterated a 90% bet of approval by January 10.

With this, forward-looking investors are jumping on the Bitcoin ETF Token bandwagon by acquiring its powering token, BTCETF. The token is among the best crypto presales to buy now, with the potential for 10X gains upon launch.

Promising Alternative To PEPE

BTCETF is among the leading alternatives to PEPE, offering investors a first-mover advantage ahead of a spot BTC ETF launch. Citing an excerpt from the website, the Bitcoin ETF Token ecosystem is “The only token rewarding holders as Bitcoin ETFs are approved.”

Witnessing #BitcoinETF, the groundbreaking initiative ready to transform the #Crypto sphere with its forward-thinking approach toward upcoming #Bitcoin ETFs.

Experience the unique mechanisms and tactics that distinguish #BTCETF in the realm of virtual assets. pic.twitter.com/quNPJ28EsV

— BTCETF_Token (@BTCETF_Token) November 9, 2023

The project has reached a key milestone in the presale, breaching the $100,000 mark in sales to record $130,120 as of the time of writing. The token sells for $0.005, but this price only stands for less than another two days before increasing. Beat the $0.005 deadline by heading to the Bitcoin ETF Token website to buy the BTCETF token.

#BitcoinETF has reached its first major milestone! 🎉

Raising more than $100K! pic.twitter.com/od7N5lhaM2

— BTCETF_Token (@BTCETF_Token) November 9, 2023

In a remarkable revelation, data shows that the project garners at least $35,000 daily towards the presale. Join the community of enlightened investors getting ahead of the spot BTC ETF narrative now.

@Investingcom – Bitcoin ETF Token's presale attracts $35K in one day, promising deflationary… – https://t.co/RX4GrNuLAZ

— BTCETF_Token (@BTCETF_Token) November 8, 2023

The project supports the vision to revolutionize the cryptocurrency market to make digital assets available to everyone.

Prepare for the upcoming revolution in the #Crypto and #StockMarket world as #Bitcoin ETFs strive to make digital assets more accessible for all traders. 🌍

With the backing of influential figures like @BlackRock, the future of #BitcoinETF looks promising! #Crypto #Web3 pic.twitter.com/LtkZyoAmUp

— BTCETF_Token (@BTCETF_Token) November 8, 2023