🚨🚨3 Reasons Why $PEPE Price Will Surge 25% This Weekend 🚨🚨🚨
PEPE Breaks Out of Consolidation
Pepe Coin (PEPE) has broken above the upper boundary of its consolidation pattern, signaling a 25% upside potential. After a 105% surge earlier in November, PEPE has surged 18% over the past 10 hours, breaking out of a descending triangle pattern. This bullish breakout targets $0.0000264.
📈 Technical Indicators Support Bullish Momentum
The 50-period exponential moving average is showing upward momentum, keeping the short-term moving average above the long-term 200-period moving average, a bullish signal. The RSI is approaching overbought conditions, while the Awesome Oscillator (AO) is printing green histograms above the 0 level, reinforcing bullish sentiment.
📉 PEPE Supply Declines on Exchanges
Investor accumulation is driving optimism, as PEPE supply on exchanges has been decreasing over the past four months. Reduced selling pressure and increased accumulation by non-exchanged addresses are further strengthening bullish optimism.
⚠️ Key Levels to Watch
If PEPE fails to stay above the breakout trendline, it risks falling back into the triangle, potentially dropping to $0.0000193. Maintaining momentum is crucial for the anticipated upside to materialize.
