Altcoin Sherpa Predicts 100% Rally for PEPE After Three-Month Consolidation

A widely followed crypto analyst and trader has expressed bullish sentiments towards a mid-cap competitor to Dogecoin (DOGE) and Shiba Inu (SHIB). The pseudonymous analyst, Altcoin Sherpa, shared his insights with his 244,900 followers on the social media platform X, highlighting that the memecoin Pepe (PEPE) is poised for a significant rally. According to Altcoin Sherpa, PEPE has undergone a three-month accumulation and consolidation phase similar to the pattern observed in late 2024. This pattern, he predicts, could lead to a 2x rally from the bottom, mirroring the surge that occurred in December 2024.

Altcoin Sherpa's analysis suggests that PEPE's current position in the market mirrors its state in late 2024, where it experienced a substantial increase after a period of consolidation. He anticipates that PEPE could see a similar surge, potentially doubling in value from its current price of $0.00000884. This prediction is based on the historical performance of PEPE, which underwent a similar cycle of accumulation and consolidation before experiencing a significant rally.

The analyst also commented on the broader altcoin market, noting that the traditional concept of "altcoin seasons" is no longer applicable. Instead, he suggests that the market now experiences cycles of one to three months of good times followed by two to six months of bad times or choppy trading. This shift in market dynamics, according to Altcoin Sherpa, requires a more nuanced approach to investing in altcoins.

Looking ahead, Altcoin Sherpa advises that Bitcoin staying above a key psychological support level of $90,000 represents bullish opportunities for altcoins. He views the current market conditions as favorable for dip-buying opportunities, encouraging investors to scale in during periods of red, rather than being deterred by initial dips. This strategy, he believes, could lead to significant gains as the market stabilizes and altcoins begin to rally.

Altcoin Sherpa's insights provide a valuable perspective on the current state of the altcoin market, highlighting the potential for significant gains in PEPE and the need for a more strategic approach to investing in altcoins. His analysis underscores the importance of understanding market cycles and being prepared to capitalize on opportunities as they arise.