Analysts Give Pepe Price Outlook for 2024, Other Traders Back Meme Kombat for Big Gains

With meme coins on the rise, analysts have been weighing in on whether bear market phenom Pepe is destined to resurge.

Meanwhile, prominent analysts are notably bullish on Meme Kombat after its presale strikes $4 million.

Pepe Traders Bullish Amid Critical Resistance Zone

Pepe is priced at $0.000001251, down 4.15% today, 10.59% this week, but remains up 13% this month.

This comes after a notable uptick at the beginning of December, causing the token to reach highs of $0.0000017.

Currently, Pepe remains 70% from its $0.000004354 all-time high that occurred on 5 May 2023. However, analysts are considerably bullish, predicting an explosive leg up in the next weeks.

One of those analysts is FieryTrading, who speculates Pepe could climb to $0.0000044 shortly.

The analyst uses the weekly time frame and suggests Pepe is forming an inverse head and shoulders chart pattern, with only its right shoulder left to play out.

As such, FieryTrading anticipates a pullback to $0.00000082 in the near team before an explosive trajectory forging almost a 5x return.

Meanwhile, TraderAAG responded to a resistance break out last week, predicting that it would catapult Pepe toward $0.0000016, or potentially near-term highs of $0.00000175. However, the trader expects “some consolidation around resistance before breakout.”

In a popular TradingView chart analysis, GABIEVM reacted to Pepe’s recent pullback, speculating that it may reverse shortly.

The analysis targets highs of $0.00000312, with a stop loss or thesis invalidation at $0.00000118.

This provides a notable risk-reward ratio but also increases the likelihood of a liquidation or invalidation.

Another analyst who is bullish is Captain Pepe. In a recent tweet, the analyst notes that “$PEPE is currently oversold by weak hands. The price should go up again very soon.”

That said, traders must remain aware that Pepe has recently been outperformed by newer, more trending meme coins like Bonk and Dogwifhat.

The project analysts are backing to explode next is Meme Kombat, a new meme coin with cutting-edge utility. It is currently undergoing a presale, meaning buyers can get in at its lowest price.

GambleFi Staking Token Meme Kombat Raises $4M at Presale and Offers 220% APY

Meme Kombat is a meme coin cross GambleFi utility token enabling users to bet on fights between meme characters in an AI-augmented battle arena.

This use case provides a viral and fun-filled experience while integrating cutting-edge gambling utility to bolster the project’s tokenomics.

As such, Meme Kombat boasts a tremendous advantage over most other meme coins, drawing analysts to offer exciting predictions.

YouTuber OnlineHustleTV explained to his 287K subscribers several reasons Meme Kombat could become the top meme coin. In the video, the analyst referred to Meme Kombat as a “100X coin,” urging his community not to miss it.

Meanwhile, the YouTube channel Chosen 1s is even more bullish, anticipating 1000x gains. While its realized potential remains to be seen, gains of this magnitude would render a $1K investment worth a life-changing $1 million.

Besides its unparalleled utility, one of Meme Kombat’s prevalent benefits is its doxxed team and smart contract audit. This provides transparency and accountability uncommon in meme coins, hinting at long-term potential.

Investors can buy Meme Kombat for $0.246, but they must hurry as its price will rise throughout the presale.

Visit Meme Kombat Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

The post Analysts Give Pepe Price Outlook for 2024, Other Traders Back Meme Kombat for Big Gains appeared first on CryptoPotato.