🔥 PEPE vs SHIBA: Massive Pump Coming?
Ever since PEPE dumped in May I drew some similarities between PEPE and SHIBA, both highly anticipated/traded meme tokens which saw huge gains in a short timespan.
In the post below you find my previous analysis where I discuss the similarities after both tokens started trading on Binance.
SHIBA bottomed around -87.5% from the Binance top, PEPE made a -82% dump and has bottomed for now.
After some time trading bearish, PEPE saw a big increase in value recently and is arguably trading in a bull-flag pattern. Assuming that BTC will trade bullish in the near future, I anticipate further strength from PEPE, potentially even targeting the all-time high.
Best case scenario would be for PEPE to follow a similar path that SHIBA did back in September of 2021. After a prolonged accumulation, SHIBA broke out with a huge candle and saw a +1200% move in a matter of a few weeks.
Not saying that PEPE will do the same, but the ingredients are certainly there for PEPE to see a big pump in the coming weeks/days.
Do you think PEPE will break out soon? What's your target? Share your thoughts below 🙏
In the post below you find my previous analysis where I discuss the similarities after both tokens started trading on Binance.
SHIBA bottomed around -87.5% from the Binance top, PEPE made a -82% dump and has bottomed for now.
After some time trading bearish, PEPE saw a big increase in value recently and is arguably trading in a bull-flag pattern. Assuming that BTC will trade bullish in the near future, I anticipate further strength from PEPE, potentially even targeting the all-time high.
Best case scenario would be for PEPE to follow a similar path that SHIBA did back in September of 2021. After a prolonged accumulation, SHIBA broke out with a huge candle and saw a +1200% move in a matter of a few weeks.
Not saying that PEPE will do the same, but the ingredients are certainly there for PEPE to see a big pump in the coming weeks/days.
Do you think PEPE will break out soon? What's your target? Share your thoughts below 🙏
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