The Pepe rally is expected to happen soon, with predictions suggesting it could hit a new all-time high of £0.00003247 on November 11, 2024, or £0.00003330 on November 10, 2024 ¹. This would represent a significant increase of around 211-219% from its current price levels.

Several factors are driving the PEPE rally, including:

- *Bitcoin's Recovery*: Bitcoin's recent surge past £64,000 is believed to be contributing to the overall cryptocurrency market recovery, which in turn is boosting PEPE's price ¹.

- *US Presidential Elections*: Some analysts think that a win by Donald Trump may lead to a rise in the entire market, which could further fuel PEPE's rally ¹.

- *Interest Rate Cuts*: The Federal Reserve's decision to cut interest rates by 0.5% and hints at another 200-point cut by 2026 are also seen as positive factors for PEPE's price ².

In terms of technical analysis, PEPE's price broke and closed above the descending trendline, eyeing a 30% rally ³. On-chain data also hints at a bullish move, with dormant wallets becoming active ³.

Keep in mind that cryptocurrency markets can be highly volatile, and predictions are subject to change. Always do your own research and consider multiple sources before making investment decisions.