Pepe Crypto's Falling Wedge: 245% Surge Ahead?

PEPE Crypto, a popular meme coin, has been in a prolonged downtrend, losing over 70% from its December all-time high. However, a falling wedge pattern on the daily chart signals a potential reversal, with growing accumulation as Pepe holders surpass 406,000. This rising demand fuels speculation that a significant surge could be on the horizon.

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PEPE Crypto Poised for a Massive Breakout—Is a 245% Surge Ahead?

Pepe has been in a prolonged downtrend, shedding over 70% from its all-time high in December. However, technical indicators suggest a potential reversal with the formation of a falling wedge pattern on the daily chart. If momentum builds, crypto analysts opine that the price prediction of Pepe could point at a strong rally toward its peak of $0.00002830.

Beyond technical signals, on-chain data reveals that 17% of Pepe whales have never sold their holdings, reflecting firm conviction among major investors. Additionally, the total number of Pepe holders continues to grow, exceeding 406,000. This accumulation trend suggests increasing demand, reinforcing the case for a rebound. With concerns rising over the sustainability of Solana meme coins, some traders may rotate into more established tokens like Pepe, further fueling its recovery.

From a valuation perspective, the Market Value to Realized Value (MVRV) indicator has dropped to an opportunity zone, signaling that Pepe is currently undervalued. The last time the MVRV-Z score hit this level, the price saw a massive rally, hinting at history potentially repeating itself. With multiple bullish indicators aligning, the latest Pepe price prediction remains optimistic, projecting a potential surge of 245%—unless it dips below the critical support of $0.0000060.

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