The cryptocurrency market is experiencing volatility after a strong rally. Ethereum (ETH) has pulled back to $3,600, affecting other assets like the meme coin PEPE, which has dropped 7% today.
PEPE and DOGE: Historical Parallels
Recent analysis has found important similarities between PEPE's current price structure and the historical cycles of DOGE. Crypto analyst Max points out that PEPE's price structure follows the same path as DOGE, which went through consolidation phases before experiencing explosive rallies.
PEPE Predictions and Possible Scenarios
If the fractal proves to be accurate, PEPE could break out from its consolidation range and enter a significant rally phase. Key factors will include PEPE's ability to hold its base and surpass key resistance levels, indicating the start of a new rally cycle.
Conclusion
According to the current model, PEPE could begin a cyclical growth phase similar to what has been observed with DOGE. This positions PEPE as a highly discussed meme coin in the coming weeks.
The fractal observed in PEPE's behavior, if confirmed, could make it attractive to investors, echoing DOGE’s success.
