Pepe Price’s recent performance has not lived up to the explosive manifestations that the meme currency has been known, decreasing speed during the last year. However, with the movement towards the last quarter of the year, the fate of the MEME currency seems to be turning after organizing a demonstration of more than 10% over the weekend. The possibility that the Pepe Price Rally continues now is even greater after the formation of a wedge pattern that falls to more bullish movements.
Pepe’s price shows optimism with the wedge pattern that falls
A pseudonym cryptographic analyst on the TrainingView website has painted a fairly optimistic image for the Pepe price in the short term. According to the shared analysis, the first sign of optimism has been the emergence of a wedge pattern that falls, something that indicates that the currency of the meme is incredibly optimistic from here.
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As the cryptographic analyst explains, the formations of wedge patterns that fall historically have been known as one of the best and reliable configurations of bullish reversion. Therefore, it is expected that it will be developed similarly for the Pepe Meme currency, which eventually leads to two -digit pricing.
An important thing indicating the wedge pattern that falls is that the vendors are running out of steam. Once this happens, the demand has time to resume, and this leads to the first stage of the reversion, as seen during the weekend. While the volume continues high, this pattern could see a confirmation.
Once confirmed, the next step is Pepe’s price in an important rally. This is where the true fun begins, because the wedge pattern that falls indicates the beginning of another break. As more investors accumulate in the memes currency, the possibility that the beginning of this rally becomes higher.
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How high will the price go?
If the rupture is confirmed, then the cryptographic analyst is already calling this a commercial opportunity for high reward for investors. Pepe is expected to increase above $ 0.000018 as a result of this movement, which would mean an increase of more than 60% in the price.
In addition, there is the possibility of a bullish continuation, And in this case, the price could see up to a 90% increase and even double at best. However, a manifestation to a historical maximum will remain difficult to achieve unless the bullish impulse continues to increase and buyers can take total price control.
Outstanding image of Dall.E, TrainingView.com box
