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PEPE Poised For 30% Rally, Chart Flashes Buy Signal
Today, April 9, 2025, following the opening bell of the US market, the overall cryptocurrency market jumped by 1.90%, indicating a potential upside rally. Amid this, Pepe (PEPE), the popular meme coin, has formed a bullish price action and is poised for a massive upside rally.
According to expert technical analysis, PEPE appears to be forming a bullish double-bottom price pattern on the daily time frame. In addition to this bullish pattern, the meme coin has also broken out of a descending trendline that it had been following since March 26, 2025.
Based on recent price momentum and historical patterns, if the PEPE price holds above the $0.00000678 level, there is a strong possibility it could soar by 30% to reach the $0.0000090 level in the future.
Despite this bullish price action, PEPE is currently trading below the 200-day Exponential Moving Average (EMA) on the daily time frame, indicating strong bearish sentiment for the asset.
Source: https://coinpedia.org/price-analysis/pepe-poised-for-30-rally-chart-flashes-buy-signal/
