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- PEPE shows potential for a 65% upside after breaking out of a falling wedge pattern.
- Major exchange listings drive PEPE’s growing momentum and broad market attention.
In a tweet, crypto analyst Javon Marks says Pepe Coin’s (PEPE) recent break from a falling wedge pattern points to a likely bullish reversal. With objectives ranging from $0.0000375 to a possible high of $0.000063, Marks further hypothesized that this breakthrough would establish the conditions for an amazing surge.
As of writing, PEPE is swapped hands at about $0.00002198, up 1.84% over the last 24 hours and 11.97% over the last 7 days. Reiterating PEPE’s leadership among the top meme tokens in the cryptocurrency market, this spike has propelled its market cap beyond $9.2 billion.
Exchange Listings Propel PEPE Market Exposure
Recent changes in the crypto sector have stoked PEPE’s bullish momentum. As we previously reported, Robinhood Markets added PEPE among the new tokens accessible to American traders in mid-November 2024, among other cryptocurrencies.
This action increased Robinhood’s total digital assets to 19, thereby increasing PEPE’s availability and stimulating purchase activity. Such exposure on a major site greatly helped to explain the increasing demand for the coin.
Furthermore, one of the biggest cryptocurrency exchanges in the US, Coinbase, said on November 13, 2024, that it intends to offer PEPE on its platform.
At that time, Coinbase’s Chief Legal Officer Paul Grewal announced the addition of PEPE in the roadmap, with plans to list it the following day. This news confirmed the token’s legitimacy and attractiveness even more, drawing a lot of fresh money.
Whale activity has also greatly influenced the dynamics of PEPE. Emphasizing the substantial demand from big investors in the token, a new wallet withdrew 309.6 billion PEPE tokens worth $6.45 million from KuCoin in late November, as previously reported by CNF.
