Ethereum's $PEPE Meme Coin Hits New Heights with 290K Holders!

The rise of $PEPE, an Ethereum-based meme coin, has been nothing short of remarkable. With a staggering 600% growth in 2024, this token has become a major player in the market. 

As the post below highlights, over 290,000 people now hold $PEPE, signaling a growing popularity. Now, traders and investors are wondering if this altcoin will surge even higher in Q4 and beyond.

Key Price Levels: Support and Resistance

The price movement of $PEPE offers a rollercoaster ride for traders. Currently, the coin trades at $0.0000089, just above a key support level of $0.00000830. 

Analysts believe $PEPE could rise to $0.00000980, but if the price drops, strong support at $0.00000830 may hold firm. However, breaking past the next resistance point of $0.0000127 remains difficult. 

The Road Ahead: Rate Cuts and Web3 Expansion

Experts predict that $PEPE will trade at an average of $0.0000095 for the rest of the year. A significant move past resistance might not happen until early 2025, depending on broader market trends.

Looking to the future, lower interest rates could boost $PEPE and other volatile assets. A drop in rates often encourages investors to take bigger risks, favoring meme coins. 

For now, $PEPE’s potential for continued growth looks promising considering its recent stellar performance and a positive technical outlook. However, the coming months may reveal whether this coin will soar to new highs or face another test of support.