Smart money investors are going long on frog-themed meme coins, expecting major bullish breakouts in the near future.
The Pepe coin is poised for a big upswing, having secured a key breakout from its multi-week resistance. Bullish momentum is also building for Brett ($BRETT), the top Base meme coin, which is currently at an attractive entry point for sidelined investors.
Among the microcaps, the new meme coin Pepe Unchained (PEPU) continues to see strong whale interest and is nearing the $60 million mark in its ICO. Prominent traders are eyeing anywhere between 10x and 100x returns when it launches in December.
Pepe Coin Flips Multi-Week Resistance – Time To Buy More $PEPE?
Popular frog-themed token Pepe ($PEPE) is back in the spotlight. The meme coin had been trading inside a multi-week falling wedge. However, it has now secured a bullish breakout from the upper trendline, which could soon result in new all-time highs.
Using Elliot Wave Theory, legendary trader Bluntz is forecasting a nearly 60% upside move to $0.000033.
Similarly, prominent crypto analyst Nebraskangooner highlights that the Pepe coin has formed a bullish inverse head-and-shoulders pattern on its 2-hour chart.
PEPE’s Relative Strength Index (RSI-14) has also been reset, now down to 64 from 88 earlier this month. In a bull market, a neutral RSI with bullish technicals often results in a parabolic rally.
As such, the Pepe coin has strong fundamentals, especially following its Coinbase and Robinhood listings earlier this month.
Moreover, it is one of the most popular brands in the crypto market. Experts are anticipating a strong influx of retail investments once the Bitcoin price hits $100,000 and well-known assets like Pepe could attract the lion’s share of the new capital.
PEPE also continues to show a strong correlation with Ethereum, which is also primed for a renewed push to new all-time highs. With analysts expecting ETH to hit $10k in 2025, it would be no surprise if Pepe reaches a $50 billion market capitalization this cycle.
As previously stated, the top Base meme coin Brett also presents an attractive entry point for sidelined investors. It has broken out of its multi-week bull flag and could see a nearly 3x upswing in the near future.
Prominent Investors Eye 100x Returns From Pepe Unchained
Pepe Unchained (PEPU) has quickly established itself as one of the most attractive microcap meme coins on the market. Behind heavy whale bidding and strong retail interest, the new meme coin has raised nearly $60 million in its Initial Coin Offering (ICO).
Pepe Unchained’s high utility nature has appealed to whales and retailers alike. For instance, PEPU holders will soon be able to take advantage of extremely low trading costs and instant transactions, thanks to its upcoming Layer-2 chain.
These features are missing in most new Ethereum meme coins, one of the reasons why they see meagre retail investments.
Similarly, Pepe Unchained is also launching a native meme coin launchpad, similar to Solana’s Pump Fun. There is no reason why Pepe’s Pump Pad will see any less success than Pump Fun, especially considering Ethereum’s bigger user base as compared to Solana.
Thanks to its unique value proposition, whales continue to stack PEPU before its December launch. Earlier this week, two whales purchased over $150k and $120k worth of the meme coin minutes from each other.
With its presale ending in less than two weeks, there is no reason why smart money investors will stop FOMO-buying.
As such, prominent investors are bullish on Pepe Unchained’s upside potential, eyeing anywhere between 10x and 100x returns.
