Jakarta, Pintu News – In the past year, Pepe Coin’s (PEPE) price performance seemed to slow down compared to the rapid rise that the meme currency is used to. However, as the year draws to a close, there are signs that the currency’s fortunes are starting to change after recording a gain of more than 10% over the weekend.

A crypto analyst using a pseudonym on the TradingView website has described a very bullish outlook for the Pepe Coin (PEPE) price in the near future. The falling wedge pattern that emerged recently signals that sellers are starting to lose momentum. This provides an opportunity for demand to increase, which is the early stage of a reversal seen over the weekend.
As long as the trading volume remains high, this pattern could get confirmation. After that, the price of Pepe Coin (PEPE) is predicted to experience a significant increase. This is the phase where market speculation starts to increase, and more investors start taking interest in this meme currency, increasing the likelihood of a rally starting.
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If the breakout is successfully confirmed, the analyst has called this a very profitable trading opportunity. It is predicted that the price of Pepe Coin (PEPE) will rise beyond $0.000018, which would mean an increase of more than 60% from the current price.
In addition, there is a possibility of continuing to be bullish, with a potential price increase of up to 90%, and could even double the value in the best case scenario. However, achieving a new record high price will be difficult unless the bullish momentum continues to increase and buyers can take full control of the price.
Scott Matherson is a leading crypto writer at NewsBTC known for his ability to capture market dynamics. With extensive experience, Scott is able to analyze complex crypto topics and present them in an easy-to-understand manner. His dedication to clarity and accuracy has made him an irreplaceable asset, helping many readers to understand the complex world of crypto.
With in-depth analysis and keen market understanding, Scott Matherson provides valuable insights for investors and market watchers. The predicted rise in Pepe Coin (PEPE) price could be an important moment for holders and potential investors to capitalize on the opportunity.
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