cryptonewsland.com
- PEPE has experienced a notable 23% surge in the last 24 hours.
- The approval of the first Bitcoin ETF has positively impacted the entire crypto market.
- Crypto analyst Ali identifies a trend pattern for PEPE, suggesting a breakout from a descending parallel channel.
In a stunning turn of events, Pepe (PEPE) has experienced a remarkable surge of 23% in the last 24 hours, propelling it into the spotlight amid a broader rally of meme coins. This surge comes on the heels of the approval of the first Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC).
The approval of Bitcoin ETFs from prominent entities such as ARK Investments, BlackRock, and Fidelity on Wednesday has sent shockwaves through the crypto market, boosting the sentiment and confidence of investors. This move is considered a game-changer, as it signifies a historic moment for the mainstream adoption and recognition of Bitcoin and other digital assets, a pursuit the industry has been tirelessly working towards for over a decade.
Adding an analytical layer to the surge, crypto analyst Ali has identified a compelling trend pattern for PEPE. Breaking free from a descending parallel channel, PEPE seems poised for further advancement. Ali’s analysis suggests the potential for PEPE to reach heights of $0.0000016 or even $0.0000019, indicating an optimistic outlook for the meme coin.
$PEPE appears to be breaking out from a descending parallel channel, which suggests #PEPE could advance toward $0.0000016 or even $0.0000019! pic.twitter.com/Emnz0W4BvR
— Ali (@ali_charts) January 11, 2024
As the crypto market awaits the day’s closing, the remarkable ascent of PEPE stands as a testament to the profound impact of the Bitcoin ETF approval, ushering in a new era of possibilities for digital assets and their respective communities.