Pepe (PEPE) cryptocurrency rose 17.85% two days after forming a local bottom, reaching as high as $0.00001340 on June 12, as predicted by Cointelegraph. This rise was accompanied by an increase in trading volume and demonstrated stronger belief among traders, which could further strengthen the upward momentum.

Three strong bullish indicators for the PEPE market suggest that memecoin could experience a significant 50% price increase by the end of June. Let's examine these potential catalysts in detail.

As of June 11, PEPE's price was hovering around the lower trendline of the current rising wedge pattern, indicating potential support and a possible retracement towards the upper trendline. This represents an increase of approximately 70% from current price levels.

However, a break below this support combination could trigger possible bearish targets in late June or July between $0.00000283 and $0.00000642, depending on the breakout point.

The PEPE market is showing bullish signs due to the persistent accumulation and holding behavior of PEPE's largest investors. It shows that the largest investors did not significantly change their positions during the price correction in June.

Finally, expectations for the Federal Reserve to cut interest rates in September strengthen PEPE's potential for a 50% rally by the end of June. Due to the rising unemployment rate in the US, it is thought that Fed chairman Jerome Powell will keep his options open to lower interest rates earlier than expected.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions. Do you think PEPE has the potential to rally 50% by the end of June? We are waiting your comments.#PEPE#cryptocurrency #BlockchainMilestone