3 Reasons Why PEPE Will Rise by 25%:
1. The price of Pepe Coin (PEPE) has broken through the upper limit of a sustained consolidation pattern, indicating that a breakthrough rebound is imminent. If the momentum remains strong, PEPE could rise by double digits and set a new all-time high (ATH).
2. Pepe Price Technical Analysis: A 25% breakout rebound may occur:
PEPE has been consolidating, with lower highs and relatively flat lows. In the past ten hours, the value of PEPE surged by 18%, breaking through the trendline connecting the lows. The bullish breakout of the descending triangle setup suggests a 25% increase.
3. PEPE Supply Decrease, Whales Accumulating:
The supply of PEPE held over the past four months has also significantly decreased. This decline in the metric indicates a strengthening of investor confidence and reduces selling pressure.