The 2024 crypto market rally has seen meme coins make a major comeback with many of the established ones reclaiming old all-time highs (ATH) and some even setting new ones.
Simultaneously, new cryptocurrencies have been making the rounds and, in the best cryptocurrency bull market tradition, generating rapid rags-to-riches stories as well as – in the worst crypto bull market tradition – losing investors millions in rug pulls and other scams.
On April 12, a star of the late cryptocurrency winter – Pepe (PEPE) – appears poised to celebrate its one-year anniversary with a massive move as technical analysis (TA) reveals it is nearing the end of its consolidation phase.
PEPE could move 50% says crypto expert
After mostly trading sideways – albeit with significant volatility – in the range between approximately $0.000006 and $0.000009 for the better part of a month, Pepe appears close to breaking out as it has formed a symmetrical triangle.
The symmetrical triangle i
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