The Pepe coin is in the final stages of its consolidatory price action, with a growing consensus among experts that a euphoric bull rally is next.
The popular Ethereum meme coin is moving within a symmetrical triangle and appears to have secured a major breakout from the upper trendline.
Pepe price analysis from prominent analysts reveals that the meme coin has one final resistance level to breach for a strong push towards new highs.
With the Ethereum price showing significant bullish strength, ETH-based coins like Pepe and Floki tend to act as excellent beta bets. A new Ethereum-based AI agent coin, MIND of Pepe (MIND), has emerged as another beta play on ETH, with many calling it the next 100x crypto.
Pepe Price Prediction — The Only Large-Cap Meme Coin To Buy?
Smart money investors are viewing Pepe as an excellent beta bet on Bitcoin and Ethereum, particularly if investors are looking to make a large allocation within the meme coin market.
Bitcoin’s strong correlation with the Global M2 money supply has revealed $140k to $160k as the target range for BTC this year. Meanwhile, Ethereum appears poised for a rally to $4000 by the year-end, both of which paint a rosy outlook for Pepe.
As of press time, BTC and ETH have breached their respective key resistance levels — $107k and $2,550, respectively. Right on cue, the Pepe price has finally breached its multi-week symmetrical triangle.
While retests of the upper trendline are undoubtedly a possibility, Pepe’s 4-hour RSI successfully defending the 50 support level and trending upwards gives a strong indication of a bullish continuation.
Key oscillator levels also confirm this bullish thesis. Pepe technical analysis from TradingView reveals that the meme coin’s Momentum (10) and MACD Level (12, 26) are now flashing buy signals in the daily timeframe.
Sidelined investors shouldn’t think twice before buying the Pepe coin at its current price of $0.000014.
However, leveraged traders need to be cautious of two key resistance levels — $0.00001477 and $0.0000178. If the Pepe price manages to flip these levels, there is a high possibility that it subsequently forms 10%-20% daily candles to a new all-time high.
Pepe price forecasts by prominent analysts already indicate that it will be among the top performers this year. Solberg Invest projects that $PEPE could reach $0.000025, potentially in the second quarter itself.
In the long term, the popular trader Kaleo claims that a $10 billion to $20 billion market capitalization is a possibility for the meme coin.
Is MIND of Pepe The Next 100x Crypto?
Besides Pepe, smart money investors are hunting for alternative Ethereum beta bets.
For instance, MIND of Pepe (MIND) is being viewed as an excellent investment, considering it is one of the few prominent Ethereum-based AI agent coins on the market.
The MIND presale has already raised nearly $10 million in short order, thanks to a flurry of six-figure investments from whales.
The MIND of Pepe AI agent is already live and its terminal, designed exclusively for MIND holders, will launch shortly as well.
Users will soon be able to receive cutting-edge market analysis, including whale activity, sentiment shift and technical chart patterns. Considering the AI agent has its own X and Telegram accounts, it can collect market alpha online as well, while also creating its own trends and interacting with social media influencers.
The MIND of Pepe presale will end on May 31st, with the token launch likely scheduled for just a few days later. An Ethereum-based, small-cap AI agent launching amid a full-fledged bull market is sure to garner substantial attention.
Unsurprisingly, many are viewing MIND as the next 100x crypto.
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