💥PEPE price prediction: Why a 30% upswing could be on its way

📈 PEPE’s Bullish Breakout
After a week of decline, PEPE surged over 3%, trading at $0.00001216 with a market cap exceeding $5.8 billion. Over 83% of PEPE investors are now in profit. The memecoin broke above a bullish pennant pattern, suggesting a potential 30% rally, possibly reaching $0.000017.

📊 Buying Pressure Increases
Santiment’s data shows PEPE's supply on exchanges dropped while its supply outside increased, indicating rising buying pressure. Exchange outflows spiked last week, further establishing this trend. However, whale activity remained flat, with no major moves noted.

📉 Mixed Signals from Metrics
While the MVRV ratio remained high and daily active addresses stable, network growth dropped, indicating fewer new addresses. The MACD hinted at a bearish crossover, and the RSI showed a downtick, suggesting potential price correction. Conversely, the Money Flow Index (MFI) indicated a continued bull rally.