Pepe Price Forecast: Is the New Peak Near?

Pepe's price increased by 29% after the news that #ETH #ETF was pre-approved. The total Futures Open Interest (OI) of #PEPE✈ across the stock market increased by 31.47% in the last 24 hours.

The price of $PEPE could rise 41% to $0.00001730, breaking the previous all-time high.

Pepe price traded at $0.00001223 during European business hours on Tuesday, up 29.1% in the last 24 hours. This increase may have been due to the increase in Ethereum price following the pre-approval of spot ETH ETFs.

Subsequently, PEPE 24-hour trading volume increased 98% to $2.27 billion, indicating an increase in investor interest. Given these trends, the pepe price forecast suggests further growth potential if market sentiment remains positive.

PEPE price broke out of the falling wedge with an explosive 29% move. Despite this upward move, yesterday's daily candle close did not establish an uptrend because the peak was still lower than the previous one.

All eyes are on today's daily candle, if it closes above $0.00001350, an uptrend will be confirmed.

Leading indicators are bullish and suggest that the daily candle close has a good chance of hitting the 0.0000135 target.