New forecasts about the future price of the digital currency PEPE are very optimistic. Market analysts believe that this cryptocurrency is on a significant upward trend. It is worth mentioning that in the past week, the price of PEPE has increased by about 22 percent. Ali Martinez, a prominent market analyst, announced on March 18th on Platform X that an inverse head and shoulders pattern is forming in the PEPE chart. He believes this pattern could lead to a 40 percent price increase. According to him, this digital currency is currently breaking through a key resistance at $0.0000075. He also mentioned that in the past 24 hours, PEPE has approached the right shoulder range of this pattern, and breaking this resistance level could spark a rally. Meanwhile, another analyst named Crypto Elite has introduced and predicted $0.0000069834 as the price floor for PEPE, suggesting that the current movement is only the beginning of a major uptrend that could increase the price of this cryptocurrency by 40 times. In addition, the well-known analyst World of Charts has also examined and announced the inverse head and shoulders pattern, stating that in case of breaking the $0.000007 resistance, PEPE could experience a 50 to 60 percent growth. Market data also indicate an increase in investors’ interest in this cryptocurrency. Profit from PEPE contracts has increased by 8 percent in the past 24 hours, reaching $237.90 million. Also, the volume of derivative transactions has grown by 16 percent and reached $627.05 million. With these optimistic forecasts and positive market sentiment, it is expected that PEPE will have a positive performance in the coming days. On the page for real-time prices of digital currencies, you can view the prices of all tokens and cryptocurrencies live and instantaneously.
