PEPE Set for Major Surge: Analyst Predicts Bullish Wave Amid Huge Transfer

Analyst Forecasts Significant Movement for PEPE Amidst Bullish Wave 5 Formation

Analysts anticipate a substantial surge for PEPE, envisioning a bullish Wave 5 ending diagonal in Elliott Wave Theory.

Waves 1 and 2 in PEPE's price action exhibit distinct three-wave structures, paralleling major meme coins, and hinting at a prospective Wave 3 surge.

A significant $83 million PEPE transfer from Bybit to an unidentified wallet, recently reported by Whale Alert, has sparked speculation and may potentially impact the market.

A reputable crypto analyst has presented a compelling outlook for PEPE, suggesting it is poised for significant movement. In a recent analysis, the analyst, Paulo Ricci, noted that PEPE appears to be forming an ending diagonal in Wave 5, a crucial phase in Elliott Wave Theory that often signifies the final stage before a trend reversal.

The analyst explained that Waves 1 and 2 have displayed apparent three-wave structures, aligning with patterns observed in other prominent meme coins. This structural similarity reinforces the anticipation of an imminent Wave 3 development, potentially propelling PEPE to substantial gains.

The analyst noted that PEPE's invalidation level remains untriggered, indicating that the prevailing trend remains intact, and further price action is expected. This prediction is underpinned by the overall market sentiment and positive technical indicators, suggesting a bullish outlook for PEPE.