🔥🔥🔥🔥🔥Three Reasons Why PEPE Could Rise by 70% Again in July!

PEPE rebounded 17.85% two days after forming a local low around $0.00001300 and is currently trading as high as $0.00001340 on June 12.

This rebound was accompanied by rising trading volumes, indicating increased confidence among traders, which could further fuel upward momentum.

At least three indicators point to a strong outlook for the PEPE market, suggesting that the memecoin’s price could surge by a massive 50% by the end of June. Let’s explore these potential catalysts in detail.

PEPE’s Rising Wedge Pattern Suggests a 70% Rise Ahead

As of June 11, PEPE’s price is hovering near the lower trendline of the current rising wedge pattern, indicating potential support and a possible rally to the upper trendline at around $0.00002661, representing an upside of around 70% from current price levels.

However, a break below this support could trigger a bearish scenario with possible downside targets between $0.00000283 and $0.00000642 by the end of June or July, depending on the breakout point.

Accumulation by whales indicates market confidence

The PEPE market is showing bullish signs due to the continued accumulation and holding behavior of the largest investors.

The percentage of PEPE supply held by the largest holders (1 billion or more) remains relatively stable, fluctuating slightly around 96.02%. This suggests that the largest investors did not significantly adjust their positions during the price correction in June.

Smaller holders, including those holding 10 million to 100 million PEPE and 1 million to 10 million PEPE, actively accumulated during the price decline, indicating increased participation and confidence among retail investors.

Overall, the increase in the proportion of small and medium-sized PEPE holders indicates that market interest and strategic accumulation are expanding, thus improving the upside outlook for June.

Upcoming Fed decision and market reaction

PEPE is expected to rise 50% by the end of June due to expectations that the Fed may cut interest rates in September.