Crypto trader Altcoin Sherpa predicts a potential double-digit percentage point rally for memecoin Pepe (PEPE) as it forms a bottom, while warning that the rally could be short-lived for many altcoins.
A trending cryptocurrency trader is expressing positive tendency sentiment on one relatively new Dogecoin (DOGE) and Shiba Inu rival.
Pseudonymous cryptocurrency trader Crypto Altcoin Sherpa tells his 195,700 Twitter followers that memecoin Pepe (PEPE) is forming a bottom and could rally by double-digit percentage points from current levels.
Applying the key Fibonacci retracement levels, Sherpa reveals PEPE could surge from around $0.00000150 to $0.00000235, a 57 percent rise.
“PEPE: Nothing has changed from my original idea of this chopping from here and the 0.786 Fibonacci level.
I think that this is forming a bottom, though, in the mid-term. And this is going to go to at least the 0.50 Fibonacci level.”