PEPE Primed for May Breakout—Memecoin Mania or Legit Rally?

Frogs are jumping again as PEPE defies the crypto winter—analysts flag potential new ATHs this month. Retail piles in while institutional traders scoff at ’degenerate gambling.’

Bull case: On-chain metrics show whale accumulation, exchange reserves thinning. Bear case: A 10% retrace could liquidate half of leveraged long positions. Either way, volatility pumps.

Pro tip: Watch the 0.0000085 ETH support level like a hawk. Breach that, and even the most diamond-handed degens might reconsider their life choices.

Bullish Pepe price prediction resurfaces as Pepe’s trading volume surges

After a healthy pullback from highs of $0.00002849, Pepe has rebounded along the 0.786 Fibonacci line and is now negotiating the $0.00001348 resistance zone.

Image Source: TradingView

Whales are actively accumulating PEPE now that it has entered a buy zone. According to Whale Alert, a staggering 1.79 trillion PEPE valued at over $26 million just left Binance, signaling an outflow that has left many forecasting bullish PEPE price predictions.

As it seems, whales and institutions are repositioning their portfolio in preparation for a massive leg up for PEPE.

Early in May, Pepe’s price registered a recovery from lows of $0.00000759 as bullish PEPE price predictions materialized, giving the frog-themed meme coin room to enter a green zone. In the last month, PEPE has surged 90%, adding to a bi-weekly uptick of 55%.

Image Source: Coingecko

Thanks to Pepe’s thriving community of holders, PEPE is also emerging as the most traded meme coin, outpacing DOGE’s dominance by over $1 billion in trading volume. Pepe’s smart contract trades are also rising, reaching a whopping $5.74 billion on some days.

Bullish Pepe price predictions are backed by PEPE’s breakout from major resistance levels, with analysts setting higher targets for PEPE at $0.00001414. With PEPE reclaiming a position above the $0.000012 support zone, onlookers anticipate a continuation of PEPE’s ATH of $0.00002825.

Even though Pepe is showing major bullish signals, traders should remain cautious as PEPE’s RSI on a daily time frame has dropped from a level above 80 to 69, signalling a sell signal in the short term.

Remittix’s RTX is the best crypto to buy for massive gains

In case you missed out on PEPE’s massive uptick in the last month, Remittix’s RTX is still in its presale and is expected to surge over 3,000% at launch.

Remittix is a PayFi protocol set to disrupt the remittance market through a simple and intuitive approach. Remittix’s RTX is the platform’s utility token, and its ongoing presale has raised over $15 million in a MOVE that will set up Remittix as a leading player in cross-border payments.

With Remittix, crypto holders can facilitate crypto-to-fiat payments like never before. Remittix is reinventing cross-border payments in a way that empowers everyone regardless of their economic status or location. Remittix does this through its support of over 30 fiat currencies. Therefore, when funds are sent through its network, the recipient receives a simple bank transfer in the fiat currency of their choice.

Remittix’s innovative PayFi protocol bridges the gap between cryptocurrencies and traditional banking networks while obscuring the complexities of dealing with crypto wallets. In addition to its platform’s simplicity, Remittix is also affordable, as every transaction comes at a flat rate with no extra charges or hidden fees.

With Remittix, businesses can also accept crypto payments using Remittix’s Pay API that supports over 40 cryptocurrencies, adding a LAYER of flexibility and convenience.

Only 50% of RTX’s total supply of 1.5 billion tokens is up for grabs. At the moment, over 90% of this allocation has been scooped up by early investors. Don’t be left out, join the PayFi revolution with Remittix.

Website: https://remittix.io/

Socials: https://linktr.ee/remittix