Pepe’s Rising Wedge Pattern Hints at 70% Gains Ahead:
Having battled the bears in the past few days, the Pepe price is showing bullish signs once again. Pepe’s price hovered around the lower trendline of its current rising wedge pattern in the past few days. This signifies potential support and a likely bounce toward the upper trendline at around $0.00002661, which is over a 70% increase from the Pepe’s current price levels.
Rising wedges typically resolve when the Pepe price breaks below the lower trendline which leads to a significant fall. However, Pepe’s ongoing rebound from the trendline indicates that such a breakdown is not forthcoming. Although the Pepe price has dropped in the past week, the rising Pepe trading volume and market cap could trigger a resurgence soon.
