Pepe $PEPE Coin Targets A 1000% Rally Amid Symmetrical Triangle Pattern$PEPE
Pepe Coin (PEPE) is currently in the consolidation phase as it is trading within the symmetrical triangle formation, which may lead to a breakout. According to analysts, this might result in a steep rise, with PEPE price targeting huge increases.
As of the time of writing, PEPE is trading at $0.00002389, with the first resistance levels at $0.00002780 and the second one at $0.00003144, while the local support is found at $0.00002107. Thus, a breakout of the resistance level may signal the development of an upward trend, whereas a failure to break through it may result in further declines.
Recent whale activity has also played a pivotal role in the community’s interest in PEPE. A substantial investor dumped 230 billion PEPE tokens worth $5.6 million from Binance, causing investors to suspect another price hike may be on the way.
