3 reasons why Pepe is ready to increase by 70% in July

PEPE's rising wedge pattern, growing whale accumulation, and growing interest rate cut bets could boost memecoin price in June.

Pepe (PEPE) jumped 17.85% two days after forming a local low around $0.00001300, as previously predicted by Cointelegraph, and is currently trading at a high of $0.00001340 on the day. June 12.

This recovery was accompanied by an increase in trading volume, suggesting stronger confidence among traders, which could further fuel the rally.

At least three indicators point to a strong bullish outlook for the PEPE market, suggesting memecoin could see a significant 50% price increase by the end of June. Let's explore these potential catalysts in detail .