Pepe Projection: Pepe's Rally Sets Eyes on 40% Boost

Pepe Projection: Pepe’s Rally Sets Eyes on 40% Boost

Updated: 17 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Pepe (PEPE), a top-rated meme coin, has had an eventful week, which started with a highly optimistic price increase.

However, the situation got turned around halfway through, and the price dipped — not only to previous levels but even more profound.

Before the price surged on August 12, the PEPE price increased to around $0.000001255. On August 12, the price started to grow.

Initially, resistance stopped it at $0.00000135, but it broke it the next day and hit the next one at $0.00000140. This level rejected it on August 14, sending it back to $0.00000135.

However, this resistance, now support, allowed it to bounce back up and reach $0.00000140 again. It even managed to push past it and climb to $0.000001445 briefly.

But, the resistance did not break, and it soon rejected it, which is when the drop started. On August 15, the price dropped to where it began, at $0.00000125.

This level, also supported at this time, managed to briefly prevent it from sinking more profoundly, but it eventually broke on August 16. PEPE continued to fall until it reached its bottom at $0.00000115.

This happened earlier today, and since then, the token has recovered slightly to $0.000001188. However, it is still 3% down compared to where it was yesterday and 4% down compared to one week ago.

Analysts expect PEPE rally

The big question that all PEPE holders ask is what will happen next. Some have attempted to uncover the answer by studying the token’s charts, signals, and technical indicators.

They found that Pepe is moving on the support zone and that Elliott’s wave theory reveals that PEPE is forming five downward waves following the loss of its uptrend line. The prediction is that wave five will finish at the support zone, and PEPE will grow at least 10%.

More optimistic community members hope to see a higher 40% boost, although this has yet to be seen.

Pepe’s potential pump result of whale activity?

Recent reports have revealed that a mysterious investor sold 142 billion SHIB, as well as 979k BONE tokens, and that they used the money to buy 1.7 trillion PEPE.

The report came from Lookonchain on X, which could not identify the mysterious whale. However, the money used to buy PEPE was $1.28 million.

A whale sold all $BONE and $SHIB, then bought 1.07T $PEPE ($1.28M)!

The whale sold all 979,469 $BONE for 787 $ETH($1.44M) at $1.47 in the past 3 days.

Then deposited all 143B $SHIB($1.32M) to #Binance after #Shibarium stopped producing blocks.https://t.co/XILSObi0UC pic.twitter.com/vwv6puUYwo

— Lookonchain (@lookonchain) August 17, 2023

Such a figure was expected to start a bull run for PEPE, but unfortunately, the token has not reacted as of yet.

YPRED presale continues to attract buyers

One token whose performance has been quite impressive is YPRED, a native crypto of a project called yPredict.

The project currently holds a presale, selling a token to empower its AI ecosystem. The ecosystem was designed to offer tools and features helpful to analysts, developers, and traders.

It can provide AI-created trading signals, sentiment, and technical analysis and recognize over 25 chart patterns. With AI becoming more sophisticated, these signals will be more precise and faster than a human can detect.

As for the presale, it is currently in its 7th stage, with the token price sitting at $0.1. However, the project also noted that its listing price would be $0.12, so purchasing it before it hits the market has benefits.

So far, YPRED has raised $3.48 million and is only slightly more than $1m away from its goal.

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