With market activity signaling a possible rally in PEPE, it remains to be seen whether traders should accumulate funds now or wait.

PEPE has stood out among memecoins over the past month, gaining 30.13%. Recently, it continued its positive trend, gaining another 3.90%.

The potential for further gains is huge, with predictions suggesting PEPE could trade as high as $0.00001725, which would represent a 60% increase from its current price.

Double bullish pattern may trigger PEPE rebound

PEPE has formed another bullish technical pattern and is currently trading inside a symmetrical triangle – a continuation of a breakout from a larger symmetrical triangle that formed previously.

This new market pattern suggests that PEPE is entering a new accumulation phase, in which buyers are steadily increasing their holdings, building momentum for a possible rebound.

Once a successful breakout of this pattern is confirmed, PEPE’s next price target will be $0.00001725, which is also the apex of the previous symmetrical triangle pattern. On the contrary, if a breakout fails, PEPE may continue to trade in this symmetrical pattern for a longer period of time.

EPE breakthrough appears imminent

The Accumulation/Distribution (A/D) indicator, which tracks whether traders are buying or selling, shows that PEPE is in a buying phase.

This is confirmed by the upward movement of the A/D line, which indicates that the market is accumulating and has bullish sentiment. Such activity could drive the price towards the next target.

This trend is further supported by the Relative Strength Index (RSI), which has started to rise, indicating strong buyer strength. The RSI is currently reading 59.41, suggesting that buyers are gaining control, pushing PEPE further into bullish territory.

The RSI measures the speed and direction of price changes, and an upward trend in it usually indicates continued strength in an asset's price.

A sharp drop in active addresses could hinder PEPE’s breakout

The AA indicator measures trader participation in an asset, and such a drop suggests a reduction in buying activity despite the bullish trend.



A drop in active participation suggests that the expected breakout may be delayed or lack the strong momentum needed to drive a significant price move.

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