PEPE is set to rise by 25%, here are three key reasons💥💥💥
👉Breakthrough from consolidation range, a rebound is imminent:
Pepe Coin (PEPE) price has broken through the upper limit of a long-term consolidation, indicating that a strong breakthrough rebound is about to come. If the current momentum can be maintained, PEPE is expected to rise by double digits and reach a new all-time high (ATH).
👉Technical analysis: A potential 25% breakthrough rebound:
PEPE has recently been in a sideways consolidation phase, with relatively stable price fluctuations, and the highest and lowest prices are quite close. However, in the past ten hours, PEPE's price surged by 18%, breaking through the trendline connecting the lowest points. According to technical analysis, this bullish breakout pattern suggests that PEPE may experience a 25% increase.
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👉Decreased supply, whales are accumulating:
In the past four months, the supply of PEPE has significantly decreased, indicating that investor confidence in the market is strengthening. The reduced supply combined with the accumulation behavior of whales suggests that selling pressure is easing, further supporting the potential for PEPE's rise.
In summary, the current market signals for PEPE show strong upward momentum, and investors can pay attention to this potential breakout opportunity.
