The Big PEPE Price Breakout: Falling Wedge Pattern Points To 64% Rally

Recent PEPE price performance has not lived up to the explosive rallies that the meme coin has become known by, slowing down over the last year. However, with the move toward the last quarter of the year, the meme coin’s luck looks to be turning after staging an over 10% rally over the ￰0￱ possibility of the PEPE price rally continuing is now even higher after the formation of a falling wedge pattern that points toward more bullish ￰1￱ Price Shows Bullishness With Falling Wedge Pattern A pseudonymous crypto analyst on the TradingView website has painted a rather bullish picture for the PEPE price in the near ￰2￱ to the analysis shared, the first sign of bullishness has been the emergence of a falling wedge pattern, something that indicates that the meme coin is incredibly bullish from ￰3￱ Reading: The Dogecoin Bullish Reset: A Clear Roadmap To $0.35 As the crypto analyst explains, falling wedge pattern formations have historically been known as one of the better and reliable bullish reversal setups.

Thus, it is expected that it would play out in a similar manner for the PEPE meme coin, eventually leading to double-digit price ￰4￱ major thing that the falling wedge pattern indicates is that sellers are running out of ￰5￱ this happens, demand has time to pick up, and this leads to the first stage of the reversal, as seen over the ￰6￱ long as volume continues to hold up high, then this pattern could see a ￰7￱ confirmed, the next step is the PEPE price going on a major ￰8￱ is where the real fun begins, because the falling wedge pattern signals the start of another ￰9￱ more investors pile into the meme coin, the possibility of this rally starting becomes ￰10￱ Reading: Here’s How The Bitcoin Price Macro Correction Could Play Out Next How High Will The Price Go?

If the breakout is confirmed, then the crypto analyst is already calling this a high-reward trading opportunity for ￰11￱ is expected that the PEPE price will rise above $0.000018 as a result of this move, which would mean an over 60% increase in the price. Furthermore, there is the possibility of a bullish continuation, and in this case, the price could see up to a 90% increase, and even double in the best-case scenario. However, a rally to an all-time high will remain elusive unless bullish momentum continues to rise and buyers are able to take full control of the ￰12￱ image from Dall. E, chart from ￰13￱