3 reasons why Pepe is ready for another 70% jump by July
PEPE's rising wedge pattern, rising whale accumulation, and rising rate cut bets could boost memecoin's price in June.
It rose 17.85% two days after forming a local low around $0.00001300, as Cointelegraph previously predicted, and is currently trading as high as $0.00001340 on June 12.
This rebound accompanied an increase in trading volumes, indicating stronger conviction among traders, which could further drive the bullish momentum.
At least three indicators point to a strong bullish outlook for the PEPE market, suggesting that memecoin could experience a significant 50% price increase by the end of June. Let's explore these possible catalysts in detail.
PEPE Rising Wedge Pattern Suggests 70% Gains
On June 11, PEPE price was hovering around the lower trendline of its current rising wedge pattern, indicating potential support and a likely rebound toward the upper trendline around $0.00002661, a increase of approximately 70% compared to current price levels.
