Analyst Predicts 150% Surge for PEPE If Resistance Is Broken
The price of PEPE is currently forming a Falling Wedge pattern, typically seen as a bullish indicator. A crypto analyst forecasts a potential 150% rally if it breaks above key resistance levels.
Key Resistance Levels
- PEPE has been in a downtrend, consistently hitting a descending resistance trendline.
- A breakout above $0.000015 is necessary to confirm a price reversal and establish new support.
- If successful, the price could surge to $0.00003, marking new all-time highs.
- Current price is around $0.00000945, with historic buyer support at $0.000006 and $0.000012.
- The price increase from current levels to $0.00003 represents over a 150% gain.
Bearish Scenario
- Failure to hold above $0.000006 and $0.000012 could invalidate the bullish outlook.
- This may lead to increased downside pressure and potential for deeper sell-offs.
