CandleFocus What to Expect from PEPE Price as the Meme Coin Eyes ‘Uptober’ Kickoff
2024-09-19
Author: Content Editor
The article discusses the potential for the meme coin Pepe (PEPE) to experience gains in the upcoming month of October, which is historically bullish for cryptocurrencies. The recent increase in PEPE's price and the rise in the Market Value to Realized Value (MVRV) Long/Short Difference suggest that long-term holders are gaining profitability. The Bull Bear Power (BBP) indicator also indicates that buying strength outweighs selling strength. The article predicts that if PEPE's price continues to trade above the 20-day Exponential Moving Average (EMA), the coin could rally by 50% and reach $0.000011 by October. However, investors should be cautious as a drop below the EMA could lead to a decrease in price.
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