Pepe, the third-biggest meme coin, experienced a significant decline in December but may be on the verge of a strong rebound. Technical analysis suggests that the coin has formed a falling wedge and a double-bottom pattern, indicating a potential bullish breakout. The Relative Strength Index has also crossed a descending trendline, signaling a bullish crossover pattern. The next target for Pepe's price is $0.00002095, which is about 220% above its current level. However, a bearish breakout below the key support at $0.000002980 would invalidate the bullish view. Several potential catalysts, such as encouraging US consumer inflation data and rising futures open interest, may push Pepe higher. Additionally, some astrology analysts anticipate that the ongoing crypto sell-off may end this week during the lunar eclipse.



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