Altcoins today: PEPE turns bullish, Bitcoin Pepe surges, SOL targets 20% jump

Cryptocurrencies flashed bullishness on Thursday as Bitcoin’s jump to $99,000 propelled the crypto market cap past $3.07 trillion. Altcoins followed suit as the financial landscape reacted to a potential “major trade deal” between the US and China this weekend. As the digital assets industry regains footing, multiple cryptos have formed impressive setups. Meme assets like PEPE and the revolutionary Bitcoin Pepe (BPEP) are back in the limelight, while Solana’s compelling fundamentals signal more gains. Let’s find out more. PEPE prints a bullish setup The frog-themed token trades at $0.000008755 after a nearly 10% jump in the past 24 hours. Chart by Coinmarketcap Broad-based optimism following the Fed’s latest decision saw PEPE forming a bullish engulfing candlestick to create a morning star setup on May 7. The reversal pattern hints at imminent price recovery for the meme token. PEPE has breached the $0.00000823 hurdle (23.60% FIB), targeting the crucial resistance at $0.0000090. Furthermore, the alt’s rebound from early April lows of $0.00000576 and the latest surge complete a cup-and-handle formation. The pattern’s neckline aligns with the supply region at $0.0000090. A daily candle closing beyond this level will confirm a cup-and-handle breakout. That could propel PEPE’s price to $0.000001465 – an approximately 83% surge from current prices. Bitcoin Pepe builds momentum Bitcoin Pepe is a relatively new project in the meme token space. It has grabbed attention due to its unique angle. Bitcoin Pepe aims to fuse meme coins with Bitcoin’s massive ecosystem to unravel the bellwether crypto’s full potential. The project’s Whitepaper reads: By building a Layer 2 that smokes Solana’s speed to Bitcoin’s fortress of security, we’re unleashing $2T of dormant maxi capital into the meme coin order books. The project has witnessed massive support from the crypto community. Its ICO is selling quickly as investors grab the native coin BPEP. Bitcoin Pepe has raised over $7.7 million, with the first eight presale stages sold out. Also, the massive following on Telegram and X confirms unwavering confidence in the project. BPEP trades at $0.031, eyeing 1000x growth after an official launch. Source: Bitcoin Pepe Solana price actions: levels to watch SOL trades at $150 with an over 3% gain in the past day. Meanwhile, it has consolidated at the $143 – $154 range over the past 14 days (since breaching $143). Meanwhile, the improved market sentiments and SOL’s fundamentals suggest imminent trend shifts. Bulls target a break past $154, which could open the path to the resistance at $160. Overcoming this obstacle will see Solana rise to $180, a more than 20% surge from the current price. Analyst World of Charts forecasts extended gains to $200 in the upcoming days. World Of Charts @WorldOfCharts1 · Follow $Sol #Sol Still Looking Strong , And Breaking Another Bullish Consolidation, Expecting Move Towards 200$ In Coming Days. 6:16 AM · May 8, 2025 34 Reply Copy link Read 1 reply However, enthusiasts should monitor the price level at $43. Losing this foothold will delay SOL’s potential short-term recovery. Further, broad market developments will influence the altcoin’s trajectory. A Bitcoin closing above $100,000 could support solid rallies for altcoins, including Solana. Meanwhile, you can find out why Bitcoin Pepe is among the hottest meme tokens of 2025 here . The post Altcoins today: PEPE turns bullish, Bitcoin Pepe surges, SOL targets 20% jump appeared first on Invezz

Source: Invezz