Benzinga - A pseudonymous crypto trader has predicted bullish momentum for Pepe Coin (CRYPTO: PEPE).
What Happened: The trader, who goes by Crypto Tony on Twitter, told his 297,000 followers that he observed an "impulsive wave" forming on PEPE.
Crypto Tony said that an "impulsive wave" is forming on "our good old frog friend PEPE."
However, he also mentioned the need for some form of corrective structure before he considers re-entering, as he had previously exited the resistance zone.
$PEPE / $USD – UpdateImpulsive wave up on our good old frog friend PEPE, so i am looking for some form of corrective structure before i look for another entry as exited at the resistance zone pic.twitter.com/gjjZNjw3YO
— Crypto Tony (@CryptoTony__) May 14, 2023
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Why It Matters: As per the chart plotted by Crypto Tony the price of Pepe Coin will surge by over 50% within a day, reaching levels of $0.0000025.
Last week, the trader said that while several other "meme coins" such as Pepe Coin, MONG, BOB, and TURBO are “pumping to oblivion," the “OG” Dogecoin (CRYPTO: DOGE) "sits tight in this range.”
Price Action: At the time of writing, PEPE was trading at $0.0000017, down 8.91%, in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Rise Amid Investor Optimism: Analyst Says Buy King Crypto When ‘There’s Blood On The Streets,’ Predicts $35K Level
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