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PEPE Price Prediction: Falling Channel Says A 75% Surge Is Coming
As the crypto market continues to see a resurgence in momentum, meme coins like PEPE are starting to follow suit. In the latest price prediction from an experienced crypto analyst, it’s suggested that PEPE is on the cusp of a major breakout.
According to the analysis, PEPE has already begun to show signs of a potential surge, with the chart revealing the formation of a falling channel pattern. This indicator suggests that the trend change for the coin is imminent and can be expected in the form of an uptrend.
The analyst notes that once this trend reversal takes place, it’s likely that the PEPE price will essentially double from its current valuation. For those who have been following the developments surrounding PEPE, such as the ongoing hype surrounding the Pump.Fun presale sellout, this would put the coin’s value at an impressive 75% increase.
This prediction is bolstered by other indicators, including the fact that more and more investors are now entering the market. This increased liquidity and volume has sparked excitement among swing traders, who have begun to take positions in anticipation of a price surge.
Source: bitcoinist.com
