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I just saw an interesting analysis about PEPE from Crypto Patel. He predicts that this coin could increase by 55 times, reaching $0.0001 from the current price of $0.0000038. It sounds crazy, but looking at the weekly chart, there are some quite convincing technical signals.
Currently, PEPE is in a relatively low position, about 87% below its all-time high, but the market capitalization remains at $1.65 billion. The interesting part is that Patel identified a very rare setup on the chart combining a Fair Value Gap, an Order Block, and a horizontal support zone. He also compared it to a similar situation in 2023 that led to a 4,515% increase, and forecasts that this time it could go up to 5,592%.
Of course, for this scenario to happen, PEPE must break through resistance at $0.0000071 and hold support at $0.000006. If the price drops below $0.0000017, this setup will be invalidated. The intermediate targets are set at $0.000028 and $0.00005 before aiming for the main target of $0.0001. Just technical analysis, but definitely worth watching.