Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
PEPE’s Bullish Divergence Signals November’s +200% Rally Repeat: Analyst Insights

PEPE’s Bullish Divergence Signals November’s +200% Rally Repeat: Analyst Insights

CoinsProbeCoinsProbe2025/01/22 06:28
By:Nilesh Hembade

Date: Wed, Jan 22, 2025, 04:01 AM GMT

In the cryptocurrency market, after facing significant volatility following Donald Trump’s inauguration,, Bitcoin (BTC) has shown remarkable recovery, climbing 3.25% to trade above $105K. This bullish momentum in Bitcoin has ignited optimism across the market, spilling over to memecoins like PEPE, which recently underwent substantial corrections but is now showing signs of a rebound.

The latest news from the SEC regarding the launch of a new crypto task force aimed at creating a “comprehensive and clear regulatory framework for crypto assets” has further fueled positive sentiment in the market. Amid this, PEPE is coming back on track and gaining attention for its potential upside.

PEPE’s Bullish Divergence Signals November’s +200% Rally Repeat: Analyst Insights image 0 Source: Coinmarketcap

Despite its recent price decline, analysts suggest there could be a silver lining for PEPE holders. According to insights from crypto expert @ChandlerCharts , the current dip may represent an ideal buying opportunity for investors.

Analyst Insights

The analyst has identified a bullish divergence on PEPE’s 4-hour chart, drawing parallels with its price action from October/November 2024. Back then, a similar setup led to an over 200% surge in PEPE’s price.

PEPE’s Bullish Divergence Signals November’s +200% Rally Repeat: Analyst Insights image 1 PEPE 4H Chart/ Source: @ChandlerCharts, (X)

Currently trading at $0.000016, PEPE’s price is forming a descending trendline, while the RSI (Relative Strength Index) is showing upward momentum. This divergence suggests that sellers may be losing strength, paving the way for a potential rally. The setup strongly resembles the one observed before PEPE’s massive breakout in late 2024, giving investors reason to believe history could repeat itself.

The chart also hints at a possible resistance level near $0.00002200, which, if breached, could accelerate PEPE’s upward trajectory. With Bitcoin leading the charge in market recovery, PEPE’s bullish divergence may align with a broader crypto resurgence.

Conclusion

As the broader market stabilizes and Bitcoin maintains its upward momentum, PEPE could be on the brink of a significant recovery. The bullish divergence identified by analysts indicates that the current dip may provide an excellent entry point for investors looking to capitalize on its potential upside.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

The super cycle begins, four predictions for the crypto market after the TRUMP coin event

The market is getting smarter, celebrity memes are trending, and the return of AI token kings, etc.

Chaincatcher2025/01/22 09:22

Bitcoin may hit $122K next month before ‘another consolidation’ — 10x Research

10x Research’s Markus Thielen says Bitcoin is moving in $18,000 blocks and predicts it could hit $122,000 by February.

Cointelegraph2025/01/22 08:50