cryptoalerts
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Key Points:
- PEPE's Meteoric Rise: PEPE experiences an impressive surge, with a staggering 50% increase in just 48 hours, hitting an all-time high of $0.000014.
- Bullish Momentum: The meme coin's rally is fueled by a breakout from a falling channel and two consecutive bullish engulfing candles, challenging the crucial $0.000015 resistance level.
- Ethereum Connection: Being Ethereum-based, PEPE stands to benefit from the broader Ethereum rally, potentially adding momentum to its own surge.
- Technical Indicators: Both MACD and DMI indicators support the bullish trend, indicating sustained demand and high momentum in PEPE's rally.
- Potential for 100x Gains: With the bullish momentum intact and the possibility of an Ethereum ETF approval, PEPE could be poised for significant gains, potentially reaching $0.000019 in the short term and even targeting $0.00002782 beyond that.