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PEPE Coin's Growth: Overcoming 100-Day MA and Targeting DOGE & SHIB's Levels

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by Giorgi Kostiuk

a year ago

PEPE Coin draws investor attention by holding strong positions above its 100-day moving average. Analysts project possible further growth similar to renowned cryptocurrencies like DOGE and SHIB.

Influence of DOGE and SHIB 2021 Market Caps

Analysts link PEPE Coin's growth potential to the market caps of DOGE and SHIB in 2021. Strong market trends and sentiment drive optimistic expectations for significant PEPE expansion.

PEPE’s Growth Deviation from Bitcoin

PEPE's growth charts in relation to Bitcoin suggest the potential for a 4x rally. Historical data shows that similar deviations were seen in April 2024, providing optimism for potential growth repetition.

The last time PEPE growth deviation from Bitcoin was this low was in April 2024. What happened next? PEPE rallied over 4x.Chandler Bing

Cyclical RSI Trends and PEPE's Stabilization

Current PEPE price movements demonstrate the cyclical nature of the RSI indicator. This behavior helps identify stabilization zones and probable rallies in the future.

RSI-colored candles. As you can see, blue usually indicates a local bottom.Chandler Bing

With current market conditions and technical analysis, PEPE Coin can follow in the footsteps of successful meme cryptocurrencies, such as DOGE and SHIB, aiming for growth and new historical highs.

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