PEPE Breakout Loading ⚡ – Falling Wedge Sparks Bullish Momen
koinmilyoner
Updated at: 2 hours ago
{"content":"PEPE Breakout Loading ⚡ – Falling Wedge Sparks Bullish Momentum 📈
Pepe's price has slowed down over the previous year, despite its rapid surges. With the year entering its fourth quarter, the meme coin's fortunes may be changing following a 10% gain over the weekend. The PEPE price increase is more likely when a collapsing wedge pattern suggests positive moves.
PEPE Price Bullish With Falling Wedge
A pseudonymous crypto expert on TradingView predicts a positive PEPE price. The initial hint of bullishness was a falling wedge formation, which implies that the meme currency is quite bullish from here.
The crypto researcher says falling wedge pattern formations are one of the most consistent bullish reversal scenarios. The PEPE meme currency is likely to follow suit and earn double-digits.
The falling wedge pattern shows sellers are exhausted. This allows demand to rise, causing the first step of the reversal over the weekend. If volume stays strong, this pattern may confirm.
After confirmation, PEPE will rally heavily. The falling wedge pattern implies another breakthrough, so the fun continues. More investment in meme coin increase the likelihood of a surge.
Will Price Rise?
The crypto researcher calls this a high-reward trading opportunity for investors if the breakthrough occurs. This action should push PEPE over $0.000018, a 60% price gain.
A bullish continuation might boost the price by 90% or perhaps double in the best-case scenario. An all-time high rally will stay elusive until bullish momentum rises and buyers seize complete control of the market.
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