PEPE’s Oversold Readings Signal Potential Major Wave 3 Rally

Ethereum-based meme token PEPE is showing signs of a potential surge, with analysts spotting oversold conditions on its weekly Stochastic RSI. This could be the precursor to a significant wave 3 rally, potentially amplifying gains by 2-3x from current levels. Analysts are optimistic about this trend and point to history as evidence. The token’s recent dip follows similar patterns seen in previous bullish phases, suggesting it may mirror historical price movements.