Could PEPE Experience a 130% Rebound? Technical Signals Indicate Strong Upside Potential

PEPE’s price is currently hovering near critical support levels, sparking speculation of a potential 130% rebound if it holds strong. This bullish scenario is supported by technical indicators such as the symmetrical triangle formation and tightening Bollinger Bands. These formations, often seen before explosive price movements, suggest a surge in volatility for PEPE. On-chain data further adds to this optimism, revealing that $19 million worth of PEPE tokens have been withdrawn from exchanges, indicating accumulation rather than selling pressure. This could potentially trigger a supply squeeze as demand grows, leading to a significant price increase.