PEPE Price Poised for 64% Rally with Falling Wedge Pattern
PEPE, a popular meme coin, has shown signs of a potential rally after a 10% increase over the weekend. A falling wedge pattern has emerged, indicating bullish momentum.
- A crypto analyst highlights the formation of a falling wedge pattern, suggesting a bullish reversal for PEPE.
- This pattern typically signals that sellers are weakening, allowing demand to increase and potentially leading to price gains.
- If confirmed, PEPE could experience a significant price rally as more investors join in.
- The analyst forecasts the price could rise above $0.000018, marking an over 60% increase.
- Further bullish continuation might lead to a 90% increase or even double the current price under ideal conditions.
However, reaching an all-time high depends on sustained bullish momentum and increased buyer control.
