Pepe (PEPE) Cryptocurrency Trading Account Rose Premium Signals on X Has Confirmed That This Meme Coin Is Experiencing an Impressive Increase

Recently, the cryptocurrency trading account Rose Premium Signals on X has confirmed that PEPE is experiencing an impressive increase in bullish signals. As noted in the analyst's outlook for this digital asset this week, PEPE/USDT is forming a “strong double bottom” on its chart, frequently signaling a shift from falling prices toward rising prices.

Recently, there's been a buzz in the crypto world with analysts at cryptocurrency trading account Rose Premium Signals on X noting that PEPE is seeing an impressive increase in bullish signals.

As noted in the analyst’s outlook for this digital asset this week, PEPE/USDT is forming a “strong double bottom” on its chart.output: Recently, there's been a buzz in the crypto world with analysts at cryptocurrency trading account

Premium Signals on X noting that PEPE is seeing an impressive increase in bullish signals.

This week, the analyst’s outlook for this digital asset provides an interesting take on the signals that traders can use to decide on their next move with PEPE. Among others, the trend signals that this meme coin is finding solid backing at a lower price point and may move up next with increased momentum.

According to the post, the bullish mood is growing steadily, and the coin is likely to decline a bit ahead of further gains. Traders can find their best chance to enter the market close to the golden zone mark, which is the 0.618 Fibonacci retracement level. This spot is widely expected for price trends to correct temporarily before going upward again.

Two possible prices were considered in this PEPE price analysis. The primary goal is reaching the mid-term target of $0.1872 and the next ambition is to reach $2745.

Experts Expect PEPE’s Accelerated Growth

This analysis suggests that traders open long positions as the triple bottom formation and the likely area for a pullback, which is making a long position appealing, are clearly shown on the chart.

According to CoinMarketCap data, the price of PEPE has increased by 4.14% in the last day to $0.00001387. This price upward movement follows a 20.66% rise in trading volume within the same period to $1.58 billion.

Meanwhile, a CoinMarketCap profile score of 57% suggests a moderate level of confidence in the meme coin.