How high can the token rise in the next month?

As Bitcoin has stabilized at $96,000, the meme coin rally has also adjusted to the current market dynamics and slowed its momentum somewhat. Given the recent price declines, Pepe appears to be holding his position well and is preparing to hit a new price high next month. Will it be able to reach a new high in December 2024? Let’s find out.

Also Read: Amazon: Can AMZN Become the Fourth Company to Reach $3 Trillion Market Cap?

Pepe November highlights: what happened and what could happen?

Mid-November was incredibly lucrative for Pepe as the token gained incredible momentum and BTC hit $99,000. Pepe achieved the highest net profit during this time, with his price bringing in almost 97% of the profits.

“Meme coins have undoubtedly produced the best returns for traders over the past week, with DOGE (+96%), PEPE (+97%), WIF (+67%) and BONK (+67%) leading the way. The historically high social dominance of speculative assets typically indicates greed and emotional trading. Be careful as memes are the main cryptocurrency topic on X, Reddit, Telegram, 4Chan and BitcoinTalk.”

According to Santiment, memecoins like Pepe and WIF strongly dominated the market in November, slowing down as BTC stabilized at $96,000.

“The summit in trend Tokens in crypto are dominated by meme coins as speculative assets dominate this historic bull rally. The six most notable assets that are seeing significantly higher discussion rates on social media are PNUT, PEPE, DOGE, MEME, NUX and COIN. Bitcoin is in 7th place.”

Earlier this month, leading cryptocurrency exchange Robinhood also listed Pepe on its exchange, helping the token reach new highs.

According to Crypto Jack, a well-known crypto analyst, the price of Pepe recently broke out of a single wedge pattern and is now heading towards the $0.00003800 mark.

“PEPE price broke out of a descending wedge and reclaimed the $0.000021 support. Resistance at $0.00002576 is key. Watch for a breakout to the $0.00003800 target. @MarketSpotter Signal Sniper captured the long entry perfectly! 🐸”