XForceGlobal, a prominent cryptocurrency analyst, recently shared an in-depth analysis of Pepe memecoin. In a tweet, XForceGlobal outlined two potential outcomes for the coin's future trajectory. The analyst mentioned exiting their $PEPE position despite recognizing potential for further gains.

XForceGlobal's position saw a significant 197% profit from the wave 4/B bottom near the 0.618 Fibonacci level. However, the analyst suggests a pullback might be necessary to sustain the current bullish trend.

Wave 5 Completion and Potential Correction

XForceGlobal speculates that if wave 5 has concluded, a notable correction of 50-80% for wave 2 could be looming. With a remarkable 1,600% surge over the past year, such a correction is deemed possible. Yet, the analyst points out that a bullish outlook remains if the memecoin ecosystem endures.

Pepe's Development Path

The alternative scenario proposed by XForceGlobal suggests that wave 4 might still be unfolding on the primary degree (in yellow). This could manifest as a rare running variation or a deeper C wave surpassing the previous wave A. However, the analyst indicates that the size comparison of waves 1-2 and 3-4 casts doubt on this scenario.

Despite anticipating a pullback in both scenarios, XForceGlobal notes the lack of market enthusiasm for $PEPE reaching a new all-time high. The analyst also acknowledges the potential for error while maintaining a pragmatic viewpoint.

Emerging Meme Coin and Market Focus

Milei Moneda emerges as a new meme coin inspired by the ideologies of Javier Milei, an Argentine figure known for his libertarian views and support for Bitcoin. With a current low presale price, early investment opportunities are available for interested individuals.

Future Prospects for Pepe Coin

XForceGlobal's comprehensive analysis sheds light on the potential future performance of Pepe Coin ($PEPE). The analysis presents two scenarios: one suggesting a significant 50-80% correction for wave 2 if wave 5 is complete, and the other proposing that wave 4 may still be evolving, either as a rare running variation or a deeper C wave surpassing the previous wave A. Despite the projected pullback in both scenarios, XForceGlobal acknowledges the market's tepid response to PEPE achieving a new ATH and the potential for inaccuracies while maintaining a rational stance.