$PEPE eyes a 40% increase: Here’s what to expect and how to play it - AMBCrypto Analytics

On the 24th of August, PEPE experienced a bullish breakout and closed a daily candle above the neckline of the double-bottom pattern. However, it is now retesting the level, which is a positive sign for the potential upcoming upside rally. 

With PEPE’s bullish outlook, price action experts suggest the token could soar by 40% to the $0.0000128 level in the coming days. When an asset forms a bullish double pattern, it often experiences a significant upside rally, and similar speculation surrounds PEPE. 

At press time, PEPE is trading at:

- $0.00000832 on KuCoin

- $0.00000844 on WhiteBIT

- $0.00000843 on OKX

However, it reached an intraday high of $0.00000931 level.

Meanwhile, its trading volume has dropped by over 27% during the same period, signaling lower participation from traders. Recently, an on-chain analytic firm IntoTheBlock, revealed through its Historical In/Out of the Money indicator that, at the current level, 67.69% of PEPE holders are profitable, while 23.11% are at a loss.