The most likely wave count implies that PEPE is in the fifth and final wave of its upward movement that started in May 2023. The breakout from the long-term resistance trend line and triangle confirmed that the price started the final leg of its upward movement.
If the count is accurate, PEPE can reach a high of $0.000023, an increase of 76% from the current price. However, if PEPE confirms the upward movement, it is only the first target.
Giving wave five the same length as wave one leads to a target of $0.000044, 220% above the current price.
Therefore, the wave count aligns with the positive readings from the weekly time frame, suggesting a new PEPE all-time high is likely.
