With meme coins on the rise, analysts are wondering if the Pepe bear market phenomenon is destined to reemerge.
Meanwhile, prominent analysts are particularly bullish on Meme Kombat after its presale hit $4 million.
Pepe Traders Bullish in Critical Resistance Zone
Pepe is priced at $0.000001251, down 4.15% today, down 10.59% this week, but still up 13% this month.
This follows a notable rise in early December, which saw the token reach a high of $0.0000017.
Currently, Pepe remains 70% off its all-time high of $0.000004354 reached on May 5, 2023. However, analysts are considerably optimistic, predicting an explosive rise in the coming weeks.
One of these analysts is Ardent Tradewhich speculates that Pepe could soon climb to $0.0000044.
The analyst uses the weekly timetable and suggests that Pepe forms an inverted head and shoulders chart pattern, with only his right shoulder remaining to play.
As such, FieryTrading forecasts a pullback to $0.00000082 in the near team ahead of an explosive trajectory forging a near 5x return.
In the meantime, TraderAAG responded to a breakout of resistance last week, predicting that this would propel Pepe towards $0.0000016, or potentially a near-term high of $0.00000175. However, the trader expects “some consolidation around resistance before the breakout.”
In a popular TradingView chart analysis, GABIEVM reacted to Pepe’s recent withdrawal, speculating that it could be reversed shortly.
The analysis targets highs of $0.00000312, with a stop loss or thesis invalidation at $0.00000118.
This provides a notable risk-reward ratio, but also increases the likelihood of liquidation or invalidation.
Another optimistic analyst is Captain Pepe. In a recent tweet, the analyst notes that “$PEPE is currently oversold by weak hands. The price is expected to increase again very soon.
That said, traders should remain aware that Pepe has recently been outperformed by newer, trendier coins like Bonk and Dogwifhat.
Project analysts argue that the next explosion is Meme Kombat, a new coin with cutting-edge utility. It is currently on pre-sale, which means buyers can grab it at the lowest price.
GambleFi Staking Token Meme Kombat Raises $4M in Presale, Offers 220% APY
Kombat meme is a GambleFi cross meme coin utility token allowing users to bet on fights between meme characters in an AI-augmented battle arena.
This use case delivers a viral and fun experience while integrating a cutting-edge gaming utility to strengthen the tokenomics of the project.
As such, Meme Kombat has a huge advantage over most other meme coins, prompting analysts to come up with exciting predictions.
YouTuber OnlineHustleTV told his 287,000 followers several reasons why Meme Kombat could become the top coin. In the video, the analyst called Meme Kombat a “100X piece,” urging his community not to miss it.
Meanwhile, the YouTube channel Elected 1 is even more optimistic, expecting gains of 1,000 times. While its potential remains to be seen, gains of this magnitude would make a $1,000 investment worth a life-changing million dollars.
Aside from its unparalleled utility, one of the most prevalent benefits of Meme Kombat is its doxxed team and smart contract audit. This provides unusual transparency and accountability in meme coins, hinting at long-term potential.
Investors can buy Meme Kombat for $0.246, but they need to hurry as its price will increase throughout the presale.
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