A popular crypto analyst, known as Credible Crypto, is sounding the alarm on Pepe (PEPE), a leading memecoin. While acknowledging that Pepe has held up well during the recent market downturn, the analyst believes it’s headed for a significant drop.
Pepe: A Potential 38% Rise Before the Fall
Credible Crypto predicts a final surge in Pepe’s price, potentially reaching $0.0000145, before it plummets to below $0.000005. This would represent a 38% rise followed by a major decline.
Ethereum: Bearish Outlook, Potential Bounce Before Drop
The analyst also has a bearish outlook on Ethereum (ETH), the second-largest cryptocurrency. He believes it could fall below $2,800, a drop of about 12% from its current price. However, he sees a possible bounce above $3,400 before the decline.
XRP: A Long Opportunity Awaits
Credible Crypto is bullish on XRP, suggesting a long opportunity if it retraces to below $0.49. He sees the potential for XRP to rise to around $1, a 66% increase from its current price.
Remember: This is just one analyst’s opinion. It’s important to conduct your own research and consider multiple perspectives before making any investment decisions.
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