CandleFocus PEPE Poised for 25% Rally, Key Levels to Watch
2025-02-14
Author: Content Editor
The overall cryptocurrency market, including Bitcoin and Ethereum, is experiencing a recovery and influencing other major cryptocurrencies. Among this bullish market sentiment, Pepe, the third-largest crypto meme coin, has seen a significant increase in price and is close to breaking out. Pepe is currently trading near $0.00001022 with a 5% price surge in the past 24 hours, but trading volume has decreased by 30%. Expert technical analysis shows that Pepe has formed a bullish inverted head and shoulders pattern on the chart, and if the price continues to rally and breaches the breakout level of $0.0000105, there is a possibility of a 20% increase to reach $0.000013. The pattern has formed at a crucial support level of $0.000009, which has a history of price reversals. Long-term holders and investors are accumulating Pepe, as evidenced by a significant outflow of $10.50 million worth of the coin in the past 48 hours, potentially causing buying pressure and upward momentum.
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