3 reasons why Pepe poised for another 70% jump by July
PEPE’s rising wedge pattern, rising whale accumulation and increasing rate cut bets could boost the memecoin’s price in June.
Pepe (PEPE) bounced 17.85% two days after forming a local low at around $0.00001300, as Cointelegraph anticipated earlier, and currently trading for as high as $0.00001340 on June 12.
This rebound accompanied a rise in trading volumes, indicating stronger conviction among traders, which can further fuel the upward momentum.
At least three indicators indicate a strong bullish outlook for the PEPE market, suggesting that the memecoin could experience a significant 50% price increase by June’s end. Let’s explore these potential catalysts in detail.
PEPE’s rising wedge pattern, rising whale accumulation and increasing rate cut bets could boost the memecoin’s price in June.
Pepe (PEPE) bounced 17.85% two days after forming a local low at around $0.00001300, as Cointelegraph anticipated earlier, and currently trading for as high as $0.00001340 on June 12.This rebound accompanied a rise in trading volumes, indicating stronger conviction among traders, which can further fuel the upward momentum.At least three indicators indicate a strong bullish outlook for the PEPE market, suggesting that the memecoin could experience a significant 50% price increase by June’s end. Let’s explore these potential catalysts in detail.Read more