PEPE Primed for a DOGE-Like Rally? Chart Patterns Spark Deja Vu

Memecoin traders are buzzing as PEPE’s price action eerily echoes Dogecoin’s early breakout trajectory. The same fractal patterns that preceded DOGE’s historic runs now appear on PEPE charts—just as institutional investors start ’discovering’ the asset class (conveniently after retail piled in).

Key signals flashing:

- Bullish pennant formation breaking upward

- Volume spikes mirroring DOGE’s 2020 pre-pump phase

- Relative Strength Index avoiding overbought territory

Will history repeat, or is this another case of ’this time it’s different’ until the hedge funds exit left? Either way, leverage traders are already positioning for volatility—because nothing screams ’sound investment’ like a frog-themed crypto chasing a dog-themed crypto’s ghost.

PEPE’s price set to reach $0.000018 as meme coin frenzy returns

Technical analysts have their eye on PEPE’s price now that it’s moving back and forth along a consolidation wedge. Similar to Dogecoin’s April 2021 price movement, PEPE’s price has coiled between key resistance and support levels while volume wanes, signaling a pre-breakout structure forming.

Image Source: Trading View

In both cases, Dogecoin and PEPE’s prices have registered mid-term sell-offs, with examples including PEPE’s downturn, which saw its price dip to lows of $0.00000528. PEPE’s price has also experienced rapid viral upticks of as much as 12% in some weeks. Other key indicators include a multi-week consolidation followed by sudden whale accumulation.

After the marketwide downturn, PEPE’s price mounted an impressive 22% rebound as traders eyed a breakout past the $0.000015 resistance zone. PEPE’s price has registered a slight pullback over the last few weeks, with its market cap shedding 11.11% of previous gains.

Image Source: Coingecko

In terms of growth, Pepe is making notable headway, with a notable uptick in whale activity on its network by 257%. The sudden rise in whale activity could signal an imminent breakout for PEPE’s price, unlike that which has been witnessed among meme coins.

It WOULD appear that whales are repositioning their portfolios with trades ranging from $1 million to $10 million. It’s just one of many moves that have seen analysts speculate a bullish resurgence is cooking behind the scenes.

Remittix’s RTX set for an explosive 3,000% uptick after its presale closes

With Bitcoin’s market dominance rising, expectations on performance for meme coins and speculative assets such as PEPE have grown, but they are not the only assets being considered. Investors are now looking at utility-based projects such as Remittix’s PayFi project to provide gains from other channels.

Remittix is on a mission to reinvent cross-border payments using a simple and intuitive payment network. Crypto holders can use Remittix to send funds to a recipient’s bank account with near-instant transaction finality and with negligible fees, across more than 30 fiat currencies.

Given that the remittance market is set to reach a valuation of over $250 trillion by 2027, Remittix is leading the charge with a platform that is not only intuitive but affordable and accessible to the masses. Its PayFi protocol rivals the likes of XRP and XLM, but distinguishes itself by targeting both small businesses and retail users rather than institutions. By reducing the complexities of dealing with crypto wallets, the odds of mass adoption are greatly increased.

By bridging the gap between cryptocurrencies and traditional banking networks, analysts have pointed out RTX’s potential. So far, RTX’s ongoing presale has raised over $15.3 million. Will you take a chance on RTX now that it’s trading at a discounted rate of $0.0781?

Website: https://remittix.io/

Socials: https://linktr.ee/remittix