A crypto analyst who accurately predicted the previous surge in PEPE’s price is forecasting another notable increase. The meme coin has been experiencing renewed interest due to promising chart patterns suggesting further growth. 📈
World Of Charts on social media reported a recent 25% jump for PEPE after it broke out of a downtrend, setting the stage for potential future gains.
A bullish flag pattern, often observed after significant upward moves in price, is currently forming. This typically signals another upward push in price.
Before the recent surge,
PEPE experienced a period of stagnation between December and early March. However, this period witnessed a dramatic 83% price increase from around $0.00000069 to $0.00000127, thanks in part to a breakout that surprised many investors.
The analyst highlights the bullish flag pattern formed after the recent surge as a strong indicator of potential future growth.
What to Watch For:
The analyst suggests watching for whether PEPE breaks above the upper line of the flag pattern. Increased trading volume would strengthen this signal, indicating a possible new rally.
If the breakout occurs, it could see PEPE return to its recent high point or even climb higher. However, if the price fails to break upward, there might be a downward pull to the $0.00000069 level or lower.
With many investors looking for big gains in the meme coin space, it remains to be seen whether this prediction comes true.
Stay tuned as we continue to monitor PEPE’s price action.