$PEPE
Could Pepe Coin Price Really Explode 100% After FOMC Meeting?


Key Points:PEPE's
price, currently testing the lower trendline of a rising wedge pattern,
has the potential to rebound 100% towards $0.00002205.Large investors continue to hold substantial PEPE supplies despite the recent price correction.PEPE's likelihood of rallying by over 100% increases amid boosting expectations for a September interest rate cut.


Pepe Coin Price Prediction: Rising Wedge Pattern Boosts 100% Rebound Potential

As of June 11, PEPE’s price was testing its prevailing rising wedge’s
lower trendline as support, eyeing a rebound toward the pattern’s upper
trendline in the coming days.

For the unversed: Rising wedges are typically bearish reversal
patterns characterized by two ascending, converging trendlines. In a
perfect scenario, these patterns resolve when the price breaks below the
lower trendline while accompanying a rise in trading volume — and falls
by as much as the maximum distance between the upper and the lower
trendline.

PEPE’s retest of the wedge’s lower trendline accompanies lower
volumes, indicating that a breakdown—for now—is not imminent. Instead,
the memecoin could undergo a rebound toward the upper trendline
coinciding with the 2.618 Fibonacci retracement level of $0.00002205, up
about 100% from the current price levels.