Pepe Coin Listed on Heavily Regulated Canadian Exchange Amid Volatile Price Action: Analyst Expects Further Upside If This Happens

Pepe (PEPE), the meme-inspired cryptocurrency that has taken the market by storm in 2023 and in recent weeks with another pump, has been listed on the most heavily regulated exchange in Canada, Newton, according to analyst Plazma. This development comes as Pepe experiences significant price volatility, with the token’s value fluctuating wildly over the past few weeks.

Pepe’s Epic Two-Week Close and Long-Term Strength

Despite the recent price fluctuations, BecauseBitcoin CEO remains bullish on Pepe’s long-term prospects. In a series of tweets, the CEO highlighted the token’s impressive two-week close, describing it as “peak strength” that should not be overlooked.

The two-week chart of Pepe shows the token breaking away from a multi-month range and entering a phase of price exploration. This breakout is seen as a highly positive development by the CEO, who believes that the longer it takes for Pepe to cool off, the higher the token’s price will ultimately go.

Short-Term Volatility and Stop Hunt

On the shorter timeframe, Pepe’s one-hour chart reveals a stop-hunt that occurred right upon the weekly open. The price briefly flushed into an H12 FVG (Fair Value Gap) before recovering and re-entering a bullish continuation pattern that had been forming throughout the weekend.

The BecauseBitcoin CEO acknowledges that Pepe’s extreme volatility makes it challenging to chart on the lower timeframes, and this difficulty is only expected to increase as the token’s price continues to rise. However, the CEO emphasizes that the two-week close is far more significant and indicative of Pepe’s long-term potential.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

The CEO also addresses the importance of embracing cooling-off periods in Pepe’s price action. Recency bias often leads investors to expect instant gratification, but the CEO argues that a temporary slowdown in price appreciation should be welcomed.

According to the CEO, the longer it takes for Pepe to cool off, the higher the token’s price will ultimately climb. This perspective encourages investors to maintain a long-term outlook and avoid getting caught up in short-term fluctuations.

Pepe Coiling for a Potential Breakout

In a follow-up tweet, the BecauseBitcoin CEO notes that Pepe is currently coiling on the lower timeframes, presenting an attractive setup for a potential breakout if Ethereum (ETH) can maintain its strength.

The CEO reiterates that the hourly timeframes are increasingly noisy due to Pepe’s extreme volatility and that this noise is expected to intensify as the token’s price continues to rise. Despite the short-term volatility, the CEO remains confident that Pepe is poised for further upside.

Price Performance and Market Sentiment

Over the past 24 hours, Pepe has experienced an 8.4% decline in value. However, the token has still managed to gain 7.5% over the past seven days and an impressive 717% over the past 30 days.

With the BecauseBitcoin CEO’s bullish outlook and the growing mainstream acceptance of meme-inspired cryptocurrencies, Pepe appears well-positioned to continue its upward trajectory, despite the occasional cooling-off periods and short-term volatility.

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency